Double Dippin’

RealClearMarkets: Whether or not the National Bureau of Economic Research ultimately agrees, we are now entering the second dip of a double-dip recession. This is because jobs are what really matter to most Americans, and the employment situation is getting worse, after a scant four months of getting better. From a theoretical point of view, another recession is what we should expect right now. This is because both GDP and employment are driven by private business investment, and huge tax increases on both business income and capital investment are now only six months away. However, the oncoming recession is also visible in the numbers. (skip) Unless policy changes are made, the best we can hope for is another “jobless recovery”, like the one from the last recession, that of …