Economist Sees Protracted Recovery

Ken Rogoff,a Harvard University economist,sees five years of much slower growth.Depressed home prices,rising taxes and an absent consumer will cause this.The unemployment rate will go over 10%,and it may be seven years before housing prices come back.
I don't think it's gonna be the same,Ken Rogoff said.We're gonna have to have more exports,and rely more on government aid-meaning higher taxes.

The Recovery Scenario

U.S. Treasury Secretary Timothy Geithner has laid out his vision of economic recovery.First,growth will turn positive.Then job loss will slow.Finally,there will be job growth early next year.Indeed,there was already a slowdown in job loss in July,but it must be sustained.