The Nation's Economic Future » Publications » Family Security Matters: "For most of last few months the Obama administration has maintained a “recovery” is underway. Seizing on a modest reduction in the unemployment rate, the president has waxed lyrical about the upswing in the nation’s economy.
But the most recent economic data provides a very different picture. The 2011 economic slowdown is worse than any of the forecasts and is likely to be as substantial as the “crawl” in 2010. Growth has slowed from 3.1 percent in the fourth quarter of 2010 to 1.8 percent in the first quarter with an anticipated rate of 1.8 percent in the second quarter."
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