James Pethokoukis

Politics and policy from inside Washington

Where the U.S. economy is stranded

August 14, 2009

The economy is leveling off, the Fed says. I think of things this way, as if your ship sunk and you thought you were going to drown. But you struggle to shore on some island. You are happy to be alive but then realize you are stuck on an island. Kind of exactly like Castaway. But who knows what the tide will bring in.

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