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Published byMelinda Mitchell Modified over 8 years ago
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Sequestration: Macro and Micro Jared Bernstein and Joel Friedman CBPP 2/27/13
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Economic Backdrop: Sequestration Lets the Air Out of the Tires of an Already Wobbly Economic Bicycle 2 2
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Sequester (et al): Policy Headwinds Blowing Pretty Hard in Wrong Direction 4 4
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6 Do you need more proof that austerity is a bust?!!? 6
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Low (10th)Median (50th)High (90th) 2000$396$817$1,813 2007$391$817$1,847 2012$382$815$1,901 2007-12 -2.3%-0.3%2.9% 7 Other Headwinds: Gasoline, Real Earnings Sources: GasBuddy, BLS 7
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8 Housing Tailwinds, Helped Along by the Only Policy Makers Doing Anything Helpful Right Now: the Federal Reserve 8
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