Friday’s better-than-expected jobs report, while cheering stock investors, hasn’t taken the threat of a double-dip recession off the table.
Even as the jobless rate held steady at 9.7 percent and the 36,000 workers laid off in February was much less than expected, economists and investment analysts said it’s still too early to discount the economy’s chances of revisiting recession.
There are times I am tempted to feel badly for Harry Reid, given that he has the undesired gift of not knowing what to say in sensitive situations. Then, I remember that there are other people who deserve my sympathy more.