To double dip or not to double dip. That’s the question flowing from Wall Street to Main Street to the White House and back. But whether you classify what’s happening to our economy as another “dip” or not, the pain of it all won’t be short-lived.
That’s the essence of this week’s cover story by Rana Foroohar. By parsing out five oft-repeated myths made worse by partisan wrangling, Foroohar lays out the reasons why we’re kidding ourselves, not only about what’s ailing the economy, but also about how we get back on track:
Myth No. 1: This is a temporary blip, and then it’s full steam ahead
Myth No. 2: We can buy our way out of all thisMyth No. 3: The private sector will make it all betterMyth No. 4: We’ll pack up and move for new jobsMyth No. 5: Entrepreneurs are the foundation of the economy
With all the misinformation, how do we get back on track? Some answers can be found in Germany, where unemployment is low, and labor leaders, companies, and the government have learned to get along. Read the full story here.