In the Rearview, a Year That Fizzled

David Leonhardt, New York Times
It was the year that the economy started to recover and then slid back into a slump - only to offer reason for renewed hope in the final weeks. When 2010 began, hiring and consumer spending were finally picking up. But then something changed in the spring — a combination of the debt troubles in Europe, the fading of stimulus spending and the usual caution by businesses and consumers after a financial crisis. By the summer, the unemployment rate was rising again, and Americans’ attitudes about the future were again souring.

Source: http://www.realclearpolitics.com/2010/12/29/in_the_rearview_a_year_that_fizzled_248005.html

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