- Obama to give Africa $38M, but tells young leaders: Stop ‘making excuses’ for economy
- Diapered toddler crashes Jeep, runs home to watch cartoons
- Obama’s post re-election stats irk: 81 golf rounds, 75 fundraisers
- Number-crunchers put GOP chances of retaking Senate at 60 percent: report
- Ohio sheriff sends bill to Mexico for cost of jailing illegals
- Fla. voters’ support for medical marijuana bodes well for ballot measure: poll
- Keith Urban concert ends in ‘nutso’ chaos, with dozens arrested, injured
- Very religious still lean toward GOP, reflecting long-term patterns, Gallup poll shows
- Fist bump becoming all the rage for germ-wary handshakers
- Tennessee storms ravage counties, wreck 10 homes
By Mark Davis
The nation founders, the Lone Star State thrives
Topic - Lawrence Summers
Hiring is soft. Pay is barely up. Consumers are cautious. Economic growth has yet to pick up.
President George W. Bush was fond of saying that he would not be around when the real history of his administration was written.
REUTERS NEWS AGENCY
In a recent, high-profile lecture before the International Monetary Fund's annual research conference, Mr. Summers said for the first time that we could be in for a long period of "chronic and systemic economic sluggishness."
Summers said the world is moving in that direction and has completed only 15 percent of the journey, but already we are "observing its consequences."