Speaker of the House Nancy Pelosi, Majority Whip James Clyburn and economist Mark Zandi talk to members of the media in the Capitol Wednesday following an economic forum on creating more jobs in the U.S.
Mark Zandi, Chief Economist for Moody’s Economy.com, says the current economic recovery is “fragile and tentative” and thinks the risk of the country slipping back into recession is “uncomfortably high.” He believes this because although employers have slowed down layoffs, they have not begun to hire aggressively. (0:25)
By watching the news most Americans believe that there is a real crisis in the foreclosure market. This is not the held belief though of Charles Calomiris who is currently serving as a visiting scholar at the American Enterprise Institute (AEI). (more…)
