Conservative zealotry vs. economic reality

In a Washington Post column, Katrina vanden Heuvel wrote, "In the United States, 25 million people are in need of full time employment. Housing prices are headed back down; trade deficits are going back up. State and local governments have largely exhausted rainy day funds and are laying off workers. Businesses are sitting on trillions in cash while waiting for consumer demand to pick up. At last Thursday's "Summit on Jobs and America's Future," sponsored by the Campaign for America's Future, economists showed that at current rates it would take eight years for the United States merely to return to pre-recession levels of employment."