Sunday, September 30, 2012
Got Hope?
Hugh Hewitt:
A second recession in three years, especially when the intervening period of "growth" has been so anemic, will destroy the economic prospects of a large part of the generation of Americans who emerged from high school and college in the years 2007 through 2014 (assuming recession #2 lasts less than two years, a huge assumption given current conditions.)
The last recession, which began in December of 2007 and appeared to end in June, 2009, contained within it a panic that not only closed doors to the young but which also destroyed the assets of the old and the near-retireds. A second panic would do even greater damage to both ends of the demographic spectrum.
