His house is under water. |
It's inaccurate to say we all benefit. In aggregate, the economy probably benefits but within that upward trajectory a lot of people are permanently hurt while many others gain. |
What it means is another year sort of like last year, when gross domestic product grew 2.4 percent. That means another year during which the job market doesn't get a whole lot better, but also doesn't collapse. It means another year during which promises of a strong economic rebound are postponed, but so are fears of a double-dip recession. Another year, that is, that will stump the doomsayers even while it fails to inspire us to party like it's 1999. |