One day, we might look back on cuts in public services and infrastructure during a downturn with the same disbelief with which today's doctors recall the medieval medicine of deliberately cutting and bleeding the sick.
To the extent that those in Washington who are suffering from economic downturn are the same people who are normally suffering during boom times, the heightened pain may not be that noticeable.
So we, too, will be deeply hurt by this downturn at the same time that the failing economy in the city has caused an upturn in the numbers of people in need who seek assistance from our social service organization.
Unless the G.O.P. moves so far to the right that economists of this ilk are banished and replaced by shills for the Tea Party or the Koch Brothers, it is eminently likely that a future Republican White House will react to an economic downturn in the same way that the Ford, Reagan, and George W. Bush Administrations did: by introducing stimulus programs.
He explains this apparent contradiction by noting that firms may have incentives to train incumbent workers during a downturn at the same time that they reduce the investment in training new employees (i.e., apprentices).
Things are bad, but with the unemployment rate holding at 4.9% we're still not likely to find ourselves in a downturn of the same magnitude we saw in the early 1990s, according to International Financing Review economist Jeoffrey Hall Jeoffrey Hall.
I want to talk with the company first, and I want to see a few more earnings reports from steel companies, says Adamo. So far, it looks like steel is going into a downturn at the same time the stock market is losing momentum.
Deficit reduction before unemployment is lowered to 4 or 5% will exacerbate the economic downturn, warn the same economists.
Mr. Nero added: "Our economy is being driven by various regions that aren't experiencing downturns at the same time.
Many excellent job candidates, victims of the economic downturn, are in the same boat now.
