Displaying items by tag: recession

Thursday, 17 June 2021 11:45

OPINION: A tale of two recoveries

We’re about to learn a lot about economic recoveries. Back in 2009, Barack Obama, with a hefty Democratic majority in Congress, tried to pull us out of the Great Recession with a tepid relief program designed to attract Republican support. It led to a slow recovery, and when the GOP took control of the Congress and many state legislatures after the 2010 Republican wave, they instituted austerity policies to counteract Obama’s spending. Climbing out of that recession took almost all decade.

Published in Opinion

RALEIGH — Fears of a global economic slowdown, fueled in part by the coronavirus outbreak, took a $4.2 billion chunk out of North Carolina’s state pension plan.

Published in Local News