Mr Klein, I have a strong opinion on this subject. The USA is NOT in recession and Europe will not be able to bring us into one. The USA is clearly in a slow growth period - which is the best kind of growth. Furthermore, most corporations and banks are making record profits; have been since Barack Obama took office. There are two basic problems regarding our 'ultra-profitable' corporate America 1) they feel there are never enough profits, they suffer from incurable greed and 2) they are making these record profits without the use of unskilled labor so many, many, of our workers are being left behind. These workers have to scrape by, surviving by using social programs which create deficit spending because taxes are too low across the board. Thanks!