Are you better off now than you were however-many years ago? It’s a classic political slogan, first used by Ronald Reagan in 1980. The answer then was a pretty solid “No”. Take it out of the cycle of elections and into the business cycle that we find ourselves in, however, and the course of action is not as clear as a political strategist might like.
One quarter into 2011 it’s time for a check-in on the economic front. The news we’re likely to hear in coming months is likely to shift focus once again, moving from joblessness to the quality of jobs that people have right now and their ability to make ends meet. It’s not likely to be pretty.