3 Homegrown Obstacles to the U.S. Economic Recovery

Forget Europe: Problems at home could sink the U.S. economy.


A political stalemate in Washington. Republicans and Democrats in Washington are in a political deadlock. Nothing can get done. A bipartisan panel charged with creating spending cuts in the wake of a debt downgrade has failed. Congress refuses to compromise on a number of issues, including the extension of unemployment benefits. Any measures aimed at stimulating economic growth have withered on the vine.

Republicans accuse Democrats of refusing to compromise. Democrats accuse Republicans of the same thing. It seems as if both sides are only capable of disagreement. The bad news for those looking for a job is that there is now is a sense in Washington that nothing substantial will be accomplished until after the 2012 presidential election.