问题描述:
英译汉二
Why,given that America usually rebounds from recession,are the prospects so bleak?That’s because most past recessions have been caused by tight monetary policy.When policy is loosened,demand rebounds.This recession was the result of a financial crisis.Recoveries after financial crises are normally weak and slow as banking systems are repaired and balance-sheets rebuilt.Typically,this period of debt reduction lasts around seven years,which means America would emerge from it in 2014.By some measures,households are reducing their debt burdens unusually fast,but even optimistic seers do not think the process is much more than half over.
Battling on the bus
America’s biggest problem is that its politicians have yet to acknowledge that the economy is in for such a long,slow haul,let alone prepare for the consequences.A few brave officials are beginning to sound warnings that the jobless rate is likely to “stay high”.But the political debate is more about assigning blame for the recession than about suggesting imaginative ways to give more oomph to the recovery.
Republicans argue that Barack Obama’s shift towards “big government” explains the economy’s weakness,and that high unemployment is proof that fiscal stimulus was a bad idea.In fact,most of the growth in government to date has been temporary and unavoidable; the longer-run growth in government is more modest,and reflects the policies of both Mr Obama and his predecessor.And the notion that high joblessness “proves” that stimulus failed is simply wrong.The mechanics of a financial bust suggest that without a fiscal boost the recession would have been much worse.
Why,given that America usually rebounds from recession,are the prospects so bleak?That’s because most past recessions have been caused by tight monetary policy.When policy is loosened,demand rebounds.This recession was the result of a financial crisis.Recoveries after financial crises are normally weak and slow as banking systems are repaired and balance-sheets rebuilt.Typically,this period of debt reduction lasts around seven years,which means America would emerge from it in 2014.By some measures,households are reducing their debt burdens unusually fast,but even optimistic seers do not think the process is much more than half over.
Battling on the bus
America’s biggest problem is that its politicians have yet to acknowledge that the economy is in for such a long,slow haul,let alone prepare for the consequences.A few brave officials are beginning to sound warnings that the jobless rate is likely to “stay high”.But the political debate is more about assigning blame for the recession than about suggesting imaginative ways to give more oomph to the recovery.
Republicans argue that Barack Obama’s shift towards “big government” explains the economy’s weakness,and that high unemployment is proof that fiscal stimulus was a bad idea.In fact,most of the growth in government to date has been temporary and unavoidable; the longer-run growth in government is more modest,and reflects the policies of both Mr Obama and his predecessor.And the notion that high joblessness “proves” that stimulus failed is simply wrong.The mechanics of a financial bust suggest that without a fiscal boost the recession would have been much worse.
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