My Best Guess is This Won't Feel Good
George Savage ·
Jun 8, 2010 at 6:32am
Economic cheerleading in the Age of Obama necessarily takes on a muted tone.
In an interview with ABC News reporter Sam Donaldson at a dinner on Monday, Bernanke said, "My best guess is we'll have a continued recovery [but] it won't feel terrific," said the Fed chief. "We've seen consumer coming back. We've seen firms spending more. There are some signs the private sector is picking up the baton and moving the economy forward."
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Re: My Best Guess is This Won't Feel Good
Psychologically, George, this might be the worst of both worlds. Slow, gradual improvement that leaves us with no sense of celebration and no excuse to wallow in collective self-pity? What next -- only hard work over the long haul leads to true success?