The recovery from the Great Recession is faltering. Gross domestic product grew only 1.5% in the past year. It grew at an even slower pace in the first six months of 2011. Unemployment remains above 9%, where it’s been most months since mid-2009. Rising oil, food, and medical prices helped increase inflation to 3.6% over the past 12 months. Federal policy has been deadlocked.

PAER10_2011.pdf
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