Economist Mark Zandi: Are we on the road to economic recovery?
August 20, 2010
During a visit to Ohio earlier this week, the President assured a crowd of supporters that “slowly but surely the economy is moving in the right direction.” Yet yesterday the Labor Department issued the sobering news that claims for unemployment benefits unexpectedly rose last week to the highest level in nine months. So are we on the road to recovery? Mark Zandi, chief economist of Moody's Analytics, joins us in the studio to share his thoughts on everything from the effect of the government stimulus and tax cuts (pdf) to what the housing market and unemployment figures tells us about the state of the economy.