Sometimes, double dips are nice. Like, when they involve caramel apples or anything to do with fondue. Others are awful, like when you’re at a party and witness someone double dip their chip in the salsa.
What economists are quietly forecasting is the second type of double dip — where, after showing some (microscopic) level of economic recovery, we’re poised to drop back into recession.
This week, President Obama will hit the road to drum up support for more spending initiatives aimed to spur job creation and haul the nation toward greater economic stability. By my eye, unless you’re in the construction biz, there isn’t much in the president’s proposals to make employers jump up and shout, “Let’s get hiring!”
We’re now almost two years to the day that Lehman Brothers collapsed (the largest bankruptcy filing in U.S. history) and the bottom fell out of our financial system, putting us on a path to recession.
Things aren’t too much better now than they were then. But, they always could be worse — like the dreaded double dip.
And I know you're not economists, but since lowering the 9.6% unemployment rate depends on you being able to find qualified people to hire, I ask you: How can we spur hiring?
We’ve tried stimulus, tax breaks and other investments; what else is left? What are we not thinking of? Or, what have we thought of that we’re just not doing? Share your thoughts in the comments.
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