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Economic Recovery?

The economy rushes toward recovery, President Bush says. Low interest rates and tax cuts spark spending. Strong demand spurs job growth. But some economists argue that the recovery is still far away, and Bush is in part to blame. The policy debate can be confusing. For the person who's lost a job and is waiting for businesses to hire again, it's important. Is economic recovery here or years away?

Guests:

George Akerlof, Nobel Prize winner in economics, professor of economics at Berkeley

Robert Barro, professor of economics at Harvard, senior fellow of the Hoover Institution of Stanford University, columnist for Business Week

This program aired on August 20, 2003. The audio for this program is not available.

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