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Murray Weidenbaum Publications

1996

Economic Policy

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Full-Text Articles in Public Policy

Is This The Healthiest Economy In Three Decades?, Murray L. Weidenbaum Mar 1996

Is This The Healthiest Economy In Three Decades?, Murray L. Weidenbaum

Murray Weidenbaum Publications

The same people who would not admit a real economic recovery was underway in 1992 are reluctant to acknowledge that this same recovery is now old and tired in 1996. Only 31% pf the adult population is satisfied with the economy. Over one-half of Americans believe that the country is "headed in the wrong direction." For the most part, the data support these sentiments, from slowed GDP and productivity growth to increased worker insecurity. Policymakers need to take their own Hippocratic oath: First, do no harm. At the same time, they cannot sit idly by either.