Voters still skeptical about taxes
Last week state economist Arun Raha issued his monthly economic and revenue update. He confirmed, again, what requires little confirmation. Whatever corner recovery waits behind, it's not one we'll be turning soon.
Of the U.S. economy, he notes that things have not deteriorated, though risks remain high. To the extent there has been encouraging economic news, it's "only because expectations were so low."
Consider this: "Real GDP is now back up to its pre-recession peak, but it is being produced with 6.8 million fewer jobs."