OECD: US economy is improving but recovery is far from complete [View all]
OECD: US economy is improving but recovery is far from complete
Report suggests economy has 'gained momentum' but says long-term unemployment and income equality must be solved
The US recovery remains on track but "fissures" have begun to appear in the world's largest economy as it struggles with record long-term unemployment and income inequality, according to a report by the Organization for Economic Co-operation and Development.
The international economist group is more bullish on the economy than Federal Reserve chairman Ben Bernanke, who recently downgraded his forecasts for the US economy. And the report may prove useful ammunition for the Obama administration as the economy emerges as the key battleground of the 2012 election.
The OECD offered support to president Barack Obama's plans to cut tax breaks for America's wealthiest, a plan known as the 'Buffett rule' after its championing by billionaire investor Warren Buffett.
http://www.guardian.co.uk/business/2012/jun/26/oecd-us-economy-recovery?newsfeed=true
We're not there yet. But if we decide to hand this country back over to Romney, we might as well just close up shop.
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