Pundits are wondering if some leaders are blind to America's economic reality.
Mark Hemingway is an editorial page writer for the Washington Examiner.
Much to the frustration of the press corps and the country at large, President Obama went nearly a year without giving a press conference at a time when the country was in a rather precarious state economically and politically. Lately, however it seems that Obama has decided that the debt ceiling debate is the time to reengage — no doubt the looming campaign has something to do with this decision.
The private sector created 154,000 jobs. There was growth in health, retail and manufacturing. But governments cut 37,000 jobs, and a lot of those were the result of the government shutdown in Minnesota. Steve Inskeep gets the latest from NPR's Tamara Keith.
Originally published on Fri August 5, 2011 3:06 pm
The nations belonging to the euro currency zone have been struggling with a debt crisis for more than a year. The wealthier nations — notably, Germany — have helped bail out the troubled nations, including Greece, Ireland and Portugal.
Yet these smaller countries have not solved their financial problems, and there is now a growing fear that the debt problems are spreading to the much larger economies of Spain and Italy.