A front-page article in The New York Times chronicled various burdens weighing on the American economy, including debt problems in Europe, budget crises in the states, the risk of a government shutdown, a soft housing market, and, most recently, rising oil prices. But the story omitted a critical factor: the failure of past and present policy-makers to address those challenges. As a result, the story painted a picture of the economy that is grimmer than it needs to be — and let political leaders off the hook.
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