Hamster-Wheel Economics 101

    Treasury Secretary Jack Lew comes across as somewhat optimistic about the rather lackluster national economy.

    “Evidence continues to mount that our economy is gaining traction,” Lew recently said. “Nevertheless, we cannot escape the fact that millions of Americans continue to struggle and their pain reminds us that our work is not finished…For too many families this hardly feels like a recovery.”

    At least he’s being honest.

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