links for 2008-04-04
The John Yoo Situation

Bad Employment News in March


Employment Situation Summary: -80,000 in March according to the establishment survey.

I will be very interested to see how labor productivity holds up during this recession-like period. Will this see labor hoarding or labor shedding?

And, of course, the thing to stress is not that a recession has come but that the policies of the Bushies have done so much to make the previous expansion weaker and fighting this recessionary period harder than it had to be.