Why Companies Won't Hire

In my column for CNN, I discuss some of the reasons why very few companies are currently hiring: Even if we avoid a second recessionary dip, we're stuck on a very, very disappointing path. Call it the 1936 parallel. From 1933 to 1936, the U.S. economy grew strongly, almost 10% a year. When …

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Written by David Frum on Monday August 8, 2011

Is it 1937 Again?

Ezra Klein asks a good question : Where will the recovery come from? The problem is that no one has an answer. And as one hopeful hypothesis after another is dashed, the markets are beginning to panic. It won’t come from the United States. Our recovery has slowed, and updates to the …

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Written by David Frum on Thursday August 4, 2011