On a US Lost Decade: Yes, Just like Latin America’s Lost Decade

If this is true (or even half-true) then Coral Gables (South Florida and Florida) are in for a sustained period of stagnate property values and economic activity that neither the city commission nor the city manager seem ready to face.  Seemingly, only the voters can fix this problem.

…the Obama economic plan was a move in the right direction, but too small to generate a visible improvement given the scale of the economic crisis.

Wolf concludes bleakly:

With a political stalemate expected, further action will now be blocked. A lost decade seems quite likely. That would be a calamity for the US – and the world.

via Martin Wolf On Obama – NYTimes.com.