The Hoover Institution has an article on the likelihood of a recession and how the fiscal stimulus bill might affect it. Plus, a reader emails that the prediction markets now trade the likelihood of a recession at 63%. Well to put that in perspective, those are about the same odds the Intrade market gives that Hillary will be the Democratic nominee. The American Prospect argues that, while the US economy may be slowing down, the nation's long-term prospects are brighter than one might think.
The article then proceeds to make the point that America is more socially and demographically more viable than the doomsayers think. That cultural and political health, the article implies, is far more important than any short-term difficulty. It goes on to say that America faces genuine challenges, but they are not the ones the media imagines.
That might be true in the long run. However most people worry about paying their bills in the short run.