[SeekAndFind]

AUTHOR SAYS:

So what accounts for the pervasive gloom? Housing and large deficits remain serious problems. But most experts are overlooking America's true competitive advantages. The tale of the economy's remarkable turnaround is largely the story of swift reaction, a willingness to write off bad debts and restructure, and an embrace of efficiency—disciplines largely invented in the United States and at which it still excels. America still leads the world at processing failure, at latching on to new innovations and building them to scale quickly and profitably. "We are the most adaptive, inventive nation, and have proven quite resilient," says Richard Florida, sociologist and author of The Great Reset: How New Ways of Living and Working Drive Post-Crash Prosperity. If these impulses are embraced more systematically and wholeheartedly, the United States can remain an economic superpower well into the current century.

[MrB]

This economy will never recover to a thriving capitalist prosperity until the yoke of these clowns is removed.

No one is going to invest either in capital or labor when that investment could end up evaporating due to some whim of this regime in the next day/week/month/year.

[GeronL]

Its going to be worse than the depression if this is what Slate is saying.

[KeyLargo]

Slate is nothing more than a shill for Obama.

[mdmathis6]

Somebody been smokin’ ‘is ganja weed...mon!

[C210N]

administration's tepid response... Tepid my a$$.

The profligate spending of printed/borrowed money, going wild with agenda legisltation, takeover of auto industry, banks, student loans, health insurance (and thus, care), etc, guarantees a slow emergence out of recession, if even the remaining private sector can muster it.

[GreaterSwiss]

Would he be saying the same if a Repub was President?

[muddler]

I love the smell of propaganda in the morning.

[Pan_Yan]

...a willingness to write off bad debts and restructure...

'Write off bad debts' is code for 'stick it to the taxpayers for the next 100+ years'?

[Tarpon]

What's this, the sixth slavering story like this in a few days ...

[Vanders9]

Well, let us hope the author is right. However, there are some worrying signs. I don’t mean Sarkozy slamming US led capitalism - French Presidents just do that - but an estimate of only 17,000 manufacturing jobs out of a total of 162,000 new positions (that’s 10.5% of the total) doesnt strike me as being all that good. Not for the long term health of the US economy.

[fightinJAG]

Whoa, this guy has been smoking the evidence.

[Jack Hydrazine]

I feel a recovery going up my leg. Oh wait...that was something else.

[thecabal]

The pump monkeys (as Denninger would call them) are desperately looking for some new suckers to buy their trash. They sure have been banging this drum loudly the last few days.

Happy days are here again...

[indthkr]

Recovery bump for later..........

[Altura Ct.]

a willingness to write off bad debts and restructure

Bwawawawawawawawa! Write off bad debts. Really? Who did that? All that bad mortgage debt has been written off? Lord have mercy. The government has been printing overtime to prop up the bad debts and this clown thinks it has been written off.

[Russ]

You are correct for not including a “barf alert” to this post. As with anything coming from Slate, the barf alert is a given...

[flowerplough]

But the long-term decline of the U.S. economy has been greatly exaggerated. America is coming back stronger, better, and faster than nearly anyone expected—and faster than most of its international rivals. The Dow Jones industrial average, hovering near 11,000, is up 70 percent in the past year, and auto sales in the first quarter were up 16 percent from 2009.

So the DJIA's up nearly 70 percent? Hooray, but so is the price of oil. Auto sales up 16 percent, too, but where the hell are the autos sold here actually made?

[MBB1984]

The writer will know soon that the Obama Kool Aid is laced with Arsenic.

[reagan_fanatic]

We’ve seen no such signs of a recovery around here. In fact, we’ve seen the exact opposite - everyone cutting back in the face of huge, continuing job losses, rising utility and tax rates, rising fuel costs and a pervasive fear of the future.

If the economy’s getting better, we sure as hell don’t see it.

[vetvetdoug]

I want some of what this writer has been drinkin and smokin.