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Finally, whether contemplating actual darkening skies or the metaphoric storm clouds of recession, factor in the countervailing optimism expressed by Al Smith in the economic depths of 1931: "The American people never carry an umbrella.
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Yes, dissatisfaction with his handling of the stimulus and recession factors into it, but more important, the left finds him politically feckless and to have abandoned principles without having won political battles.
That season, an economic recession factored into the selections.
After several years of fiscal consolidation to push down debts and deficits swollen by the global financial crisis of 2008-9, theuroro zone is headed for recession, a factor that has pushed the euro down to 16-month lows against the dollar.
Theyre about real survival. Sept. 11 and a slashing recession probably factor in, too.
Is the recession a factor?
"Even though unemployment has fallen in the past few years, Labor Department data show that the number of unemployed workers receiving no unemployment benefits is actually higher today than at any point during the recession, a factor contributing to keeping poverty high," Greenstein wrote.
Even once the economy has wholly recovered from the recession, these factors mean that the country faces a structural deficit of around 3%, which is not sustainable.
The Perfect Foreclosure Storm In the current recession several factors have aligned to drive the large and rapid increase in foreclosures, and it appears likely that foreclosure rates might stay high for some time.
Here again, Ms Yellen said a less dovish interpretation was possible: the decline in the labour share may reflect pre-recession structural factors such as "changing patterns of production and international trade, as well as measurement issues".
The fall has accelerated since 2007, with the recession a contributing factor.
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