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Road, 29 Adarsh Society Ahmedabad 380009 Tel. 26446947 F ax. 26565596 Writes reported opinion for The Washington Post WhyTheU.S. Economy IsWorseThan It Seems By Jared Bernstein, James Parrott, Mark Zandi j ìÅÜ=Ü~ë=ÄÉÉå=ã~ÇÉ=ä~íÉäó=çÑ=íÜÉ=Üçí ÉÅçåçãóI=~=å~êê~íáîÉ=ÇêáîÉå=ä~êÖÉäó Äó=~=äçåÖ=êìå=çÑ=ëíêçåÖ=àçÄë=åìãJ ÄÉêëK=_ìí=íÜáë=ÉåíÜìëá~ëíáÅ=ëíçêó=äáåÉ=áë=áÖåçêJ áåÖ=~=ÑÉï=ÇáëíìêÄáåÖ=ëíêìÅíìê~ä=éêçÄäÉãë=íÜ~í ëìÖÖÉëí=íÜ~í=íÜÉ=ÉÅçåçãó=áë=åçí=~ë=ëíêçåÖ=~ë íÜçëÉ=åìãÄÉêë=ëìÖÖÉëíK=råÇÉêåÉ~íÜ=íÜÉ ÜççÇI=éêçÄäÉãë=éÉêëáëíI=áåÅäìÇáåÖ=É~êåáåÖë ÄÉäçï=ïÜ~í=Ñ~ãáäáÉë=åÉÉÇ=íç=ÖÉí=ÄóI=ëí~êâ=áåJ Éèì~äáíáÉë=áå=ïÉ~äíÜ=~åÇ=áåÅçãÉI=~å=áåÅêÉ~ëJ áåÖäó=àáííÉêó=ëíçÅâ=ã~êâÉíI=~å=~ÑÑçêÇ~ÄäÉ ÜçìëáåÖ=ëÜçêí~ÖÉI=Ç~ã~ÖÉÇ=ÑáëÅ~ä=~ÅÅçìåíë ~åÇ=ëäçïÉê=ÖêçïíÜ=çå=íÜÉ=ÜçêáòçåK t~ÖÉë=íêÉåÇ=ìé=Äìí=ëíáää=íçç=äçïW= qÜÉ=íáÖÜí=ä~Äçê=ã~êâÉí=áë=åç=ÇçìÄí=äáÑíáåÖ ïçêâÉêëD=ï~ÖÉëI=é~êíáÅìä~êäó=~í=íÜÉ=Äçííçã=çÑ íÜÉ=ï~ÖÉ=ëÅ~äÉ=~ë=äÉëëJ~Çî~åí~ÖÉÇ=ïçêâÉêë ëÉÉ=íÜÉáê=Ä~êÖ~áåáåÖ=éçëáíáçå=áãéêçîÉÇK eçïÉîÉêI=~=ÑÉï=ÖççÇ=óÉ~êë=çÑ=êáëáåÖ=ï~ÖÉë ÇçÉëåDí=ã~âÉ=ìé=Ñçê=íÜÉ=ÇÉÅ~ÇÉë=çÑ=êÉ~ä=ï~ÖÉ ëí~Öå~íáçå=Ñ~ÅÉÇ=Äó=ã~åó=ãáÇÇäÉJ=~åÇ=äçïJ ï~ÖÉ=ïçêâÉêëK=qÜÉ=êÉëìäí=áë=íÜ~í=Ñçê=ã~åó ïçêâáåÖ=Ñ~ãáäáÉëI=íÜÉáê=é~óÅÜÉÅâë=Ñ~áä=íç=ãÉÉí íÜÉáê=Ä~ëáÅ=åÉÉÇëK `çåëáÇÉê=~=ëáåÖäÉ=é~êÉåí=ïáíÜ=~=ÅçìéäÉ=çÑ âáÇë=ïÜç=áë=É~êåáåÖ=íÜÉ=OMíÜJéÉêÅÉåíáäÉ=ï~ÖÉ EOM=éÉêÅÉåí=É~êå=äÉëëX=UM=éÉêÅÉåí=É~êå=ãçêÉF ~åÇ=ïÜçëÉ=é~ó=ÅçìäÇ=êáëÉ=íç=ANP=éÉê=Üçìê=Äó íÜÉ=ÉåÇ=çÑ=íÜáë=óÉ~êI=çê=~Äçìí=AOSIMMM=éÉê óÉ~êI=éêÉí~ñK=pìÄíê~ÅíáåÖ=é~óêçää=í~ñÉë=~åÇ ~ÇÇáåÖ=í~ñ=ÅêÉÇáíë=Ñçê=ïçêâáåÖ=é~êÉåíë=ÅçìäÇ ÖÉí=ÜÉê=ìé=íç=~Äçìí=APMIMMMK=qÜ~í=ÅäÉ~êë=íÜÉ éçîÉêíó=äáåÉI=Äìí=áí=ÇçÉëåDí=é~ó=Ñçê=ÇÉÅÉåí ÜçìëáåÖI=ÅÜáäÇ=Å~êÉI=ÜÉ~äíÜ=Å~êÉ=~åÇ=íê~åëJ éçêí~íáçåI=~í=äÉ~ëí=åçí=áå=ãçëí=ÅáíáÉëK=c~ãáäó ÄìÇÖÉí=Å~äÅìä~íçêë=ëÜçï=íÜ~í=ÅÜáäÇ=Å~êÉ=Ñçê íïç=âáÇë=Åçëíë=~Äçìí=ANNIMMM=éÉê=óÉ~ê=áå lÜáçI=~åÇ=ãçêÉ=íÜ~å=íïáÅÉ=íÜ~í=áå=kÉï=vçêâK ^ÇÇ=ÜçìëáåÖ=~åÇ=ÜÉ~äíÜJÅ~êÉ=ÅçëíëI=~åÇ=ÉîÉå ãáÇÇäÉJï~ÖÉ=É~êåÉêë=ïáíÜ=ÅÜáäÇêÉå=Ü~îÉ íêçìÄäÉ=ëèì~êáåÖ=íÜÉáê=ÄìÇÖÉíë=ïáíÜ=íÜÉáê ë~ä~êáÉëK bÅçåçãáÅ=áåëÉÅìêáíóW= qÜáë=íççJíáÖÜí=ÄêÉ~íÜáåÖ=êççã=ÄÉíïÉÉå ïÜ~í=ã~åó=Ñ~ãáäáÉë=É~êå=~åÇ=ïÜ~í=áí=Åçëíë íÜÉã=íç=äáîÉ=Ü~ë=ÅêÉ~íÉÇ=~=ïáÇÉëéêÉ~Ç=ëÉåëÉ çÑ=ÉÅçåçãáÅ=áåëÉÅìêáíóI=ïÜáÅÜ=ëÜçïë=ìé ÅäÉ~êäó=áå=êÉÅÉåí=~å~äóëáë=çÑ=ÉÅçåçãáÅ=ïÉääJ ÄÉáåÖ=Äó=íÜÉ=cÉÇÉê~ä=oÉëÉêîÉK=låÉJÑáÑíÜ=çÑ ïÜáíÉ=ÜçìëÉÜçäÇë=~åÇ=~=íÜáêÇ=çÑ=Ää~Åâ=~åÇ eáëé~åáÅ=ÜçìëÉÜçäÇë=Öê~ÇÉ=íÜÉáê=Ñáå~åÅá~ä ÅçåÇáíáçåë=?àìëí=ÖÉííáåÖ=Äó?=çê=ïçêëÉK=^åÇ àìëí=ìåÇÉê=Ü~äÑ=çÑ=êìê~ä=ÜçìëÉÜçäÇë=Öê~ÇÉ íÜÉáê=äçÅ~ä=ÉÅçåçãáÉë=íç=ÄÉ=?çåäó=Ñ~áê?=çê ?éççêK? qÜÉ=cÉÇDë=ëìêîÉó=~äëç=äççâë=~í=íÜÉ=ëÜ~êÉ=çÑ ~Çìäíë=ïÜç=?ïçìäÇ=Ü~îÉ=ÇáÑÑáÅìäíó=Ü~åÇäáåÖ ~å=ÉãÉêÖÉåÅó=ÉñéÉåëÉ=~ë=ëã~ää=~ë=AQMMK? qÜÉó=ÑáåÇ=íÜ~í=PV=éÉêÅÉåí=çÑ=~Çìäíë=ÅçìäÇåDí ÅçîÉê=~å=ÉãÉêÖÉåÅó=ÉñéÉåëÉ=çÑ=íÜ~í=~ãçìåí ïáíÜ=Å~ëÜI=ë~îáåÖë=çê=~=ÅêÉÇáíJÅ~êÇ=ÅÜ~êÖÉ íÜ~í=íÜÉó=ÅçìäÇ=é~ó=çÑÑ=èìáÅâäóK=cçê=^ÑêáÅ~å ^ãÉêáÅ~å=~ÇìäíëI=íÜ~í=ëÜ~êÉ=áë=SM=éÉêÅÉåíK=få çíÜÉê=ïçêÇëI=ïÉää=çîÉê=Ü~äÑ=çÑ=Ää~Åâ=~Çìäíë=~êÉ ÜáÖÜäó=îìäåÉê~ÄäÉ=íç=ÉîÉå=~=êÉä~íáîÉäó=ãáäÇ ÉÅçåçãáÅ=ÜáíK=EbÅçåçãáëí=jáÅÜ~Éä=píê~áå=áë ÅêáíáÅ~ä=çÑ=íÜáë=cÉÇ=Ç~í~I=Äìí=ïÉ=íÜáåâ=áíDë íÉääáåÖ=ìë=ëçãÉíÜáåÖ=áãéçêí~åíKF qÜçìÖÜ=Ççïå=Ñêçã=íÜÉ=óÉ~êë=ÅçãáåÖ=çìí çÑ=íÜÉ=ÅêáëáëI=íÜÉëÉ=åìãÄÉêë=~êÉ=ä~êÖÉäó=ìåJ ÅÜ~åÖÉÇ=Ñêçã=OMNTI=ëìÖÖÉëíáåÖ=íÜ~í=ÅçããìJ åáíáÉë=~ää=~Åêçëë=íÜÉ=ÅçìåíêóI=~åÇ=ÉëéÉÅá~ääó ÅçããìåáíáÉë=çÑ=ÅçäçêI=ÅçåíáåìÉ=íç=Ñ~ÅÉ=ÉåJ íêÉåÅÜÉÇ=Ä~êêáÉêë=íç=ÖÉííáåÖ=~ÜÉ~Ç=ÉîÉå=áå=~ Üçí=å~íáçå~ä=ä~Äçê=ã~êâÉíK pìêÖáåÖ=áåÉèì~äáíóW= qÜÉ=ëáíì~íáçå=äççâë=îÉêó=ÇáÑÑÉêÉåí=~í=íÜÉ ÜáÖÜ=ÉåÇ=çÑ=íÜÉ=ÉÅçåçãáÅ=ëÅ~äÉK=lîÉê=íÜÉ é~ëí=ÇÉÅ~ÇÉI=íÜÉ=å~íáçåDë=ÜáÖÜÉëí=É~êåÉêë=EíÜÉ VRíÜ=éÉêÅÉåíáäÉF=ë~ï=íÜÉáê=ï~ÖÉë=Öêçï=~í=~äJ ãçëí=Ñçìê=íáãÉë=íÜÉ=ê~íÉ=çÑ=íÜçëÉ=ïÜçëÉ=É~êåJ áåÖë=éìí=íÜÉã=áå=íÜÉ=ãáÇÇäÉ=çÑ=íÜÉ=é~Åâ=EíÜÉ RMíÜ=éÉêÅÉåíáäÉFK=bîÉå=ãçêÉ=êÉã~êâ~ÄäóI=íÜÉ íçé=N=éÉêÅÉåí=çÑ=ÜçìëÉÜçäÇë=åçï=ÜçäÇ=PN=éÉêJ ÅÉåí=çÑ=íÜÉ=å~íáçåDë=ïÉ~äíÜ=E~ëëÉíë=ãáåìë=äá~J ÄáäáíáÉëFI=çê=APM=íêáääáçåI=ïÜáäÉ=íÜÉ=ÉåíáêÉ Äçííçã=Ü~äÑ=çÑ=íÜÉ=å~íáçåDë=ÜçìëÉÜçäÇë=ÜçäÇ çåäó=~Äçìí=N=éÉêÅÉåíI=çê=AN=íêáääáçåK=qÜ~í ÅçãÉë=íç=AOP=ãáääáçå=éÉê=ÜçìëÉÜçäÇ=Ñçê=íÜÉ íçé=N=éÉêÅÉåí=~åÇ=ANUIMMM=áå=åÉí=ïçêíÜ=éÉê ÜçìëÉÜçäÇ=Ñçê=íÜÉ=Äçííçã=Ü~äÑK=^åÇ=íÜÉ qêìãé=í~ñ=Åìí=áë=Éñ~ÅÉêÄ~íáåÖ=íÜÉëÉ=ÇáîáJ ëáçåëI=ïáíÜ=~=êÉÅÉåí=~å~äóëáë=Äó=íÜÉ=fåëíáíìíÉ çå=q~ñ~íáçå=~åÇ=bÅçåçãáÅ=mçäáÅó=ëÜçïáåÖ íÜ~í=áå=OMOMI=ãçêÉ=íÜ~å=Ü~äÑ=çÑ=íÜÉ=í~ñ=Åìí=ïáää Öç=íç=íÜÉ=íçé=R=éÉêÅÉåí=çÑ=ÜçìëÉÜçäÇëI=ïáíÜ çåäó=NQ=éÉêÅÉåí=ÖçáåÖ=íç=íÜÉ=Äçííçã=SM=éÉêJ ÅÉåíK pÜçêí~ÖÉ=çÑ=~ÑÑçêÇ~ÄäÉ=ÜçìëáåÖW= `çãéçìåÇáåÖ=íÜÉëÉ=ÅÜ~ääÉåÖÉë=áë=~=ÇÉÉéJ ÉåáåÖ=Åêáëáë=áå=~ÑÑçêÇ~ÄäÉ=ÜçìëáåÖ=Ñçê=ïçêâáåÖ Ñ~ãáäáÉëK=pìééäó=Åçåëíê~áåíë=~êÉ=ã~âáåÖ=áí=áåJ ÅêÉ~ëáåÖäó=Ü~êÇ=íç=ÑáåÇ=~å=~ÑÑçêÇ~ÄäÉ=éä~ÅÉ=íç äáîÉ=~åóïÜÉêÉ=åÉ~ê=ÉÅçåçãáÅ=çééçêíìåáíóI ÑçêÅáåÖ=ãçêÉ=~åÇ=ãçêÉ=Ñ~ãáäáÉë=íç=ÅÜççëÉ ÄÉíïÉÉå=ÑçêÖçáåÖ=~=ÖççÇ=àçÄ=~åÇ=é~óáåÖ=ìåJ ~ÑÑçêÇ~ÄäÉ=êÉåíK qÜÉ=éÉêÅÉåí~ÖÉ=çÑ=ÜçìëáåÖ=ëíçÅâ=~î~áä~ÄäÉ Ñçê=êÉåí=çê=ë~äÉ=Ü~ë=Ñ~ääÉå=ëÜ~êéäó=ëáåÅÉ=íÜÉ ÜçìëáåÖ=Åê~ëÜ=~åÇ=áë=åçï=~ë=äçï=~ë=áí=Ü~ë ÄÉÉå=áå=ãçêÉ=íÜ~å=PM=óÉ~êëK=^åÇ=áí=áë=ëÉí=íç ÖÉí=ïçêëÉI=éçëëáÄäó=ãìÅÜ=ïçêëÉK=qÜÉ=ÅìêêÉåí ~ååì~ä=ëìééäó=çÑ=åÉï=ÜçìëáåÖ=ìåáíë=áë=êìåJ åáåÖ=~å=Éëíáã~íÉÇ=PMMIMMM=ÄÉäçï=íÜÉ=íêÉåÇ Ñçê=åÉï=ÜçìëáåÖ=ÇÉã~åÇK= Jp mb`f^i q l q eb t ^pefkdqlk m lpq

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