The Lame-Duck Economy
The interregnum of 1932-1933, the long stretch between the election and the actual transfer of power, was disastrous for the U.S. economy, at least in part because the outgoing administration had no credibility, the incoming administration had no authority and the ideological chasm between the two sides was too great to allow concerted action. And the same thing is happening now. Full Story »
Posted by Derek Hawkins
The more parallels I read between 2008 and 1932, the more concern I have about possible long-lasting negative effects of the "lame-duck economy".