'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
The sluggish recovery, as GOP candidate Mitt Romney repeatedly notes, pales in comparison to previous comebacks in the U.S. economy since World War II, but studies show that recessions resulting from major financial collapses such as the one in October 2008 usually have slow and difficult recoveries.
"This harsher climate is a familiar feature after a severe financial crisis," he said.
Efforts to stem the hemorrhaging of federal debt are likely to further hold back growth for years to come, he said.