Thursday, December 03, 2009

Zandi's Senate Testimony

Yesterday I mentioned that noted economist Dr. Mark Zandi of the Philadelphia area would be speaking before the Senate Democratic Policy Committee

Here are some excerpts of his testimony:

Noted economist Mark Zandi told the panel that while the “longest, broadest and most severe economic downturn since the 1930s has finally given way to economic recovery…to most Americans it still feels like a recession” because of the weak job market. Dr. Zandi also stated that unemployment remains “the most serious threat to the fledgling economic recovery.” Zandi recommended quick government action to resolve the credit crunch faced by small businesses and to create jobs.

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