How Did We Get in This Economic Mess?

KPBS | By KPBS Public Broadcasting

Published February 16, 2009 at 10:39 AM PST

This story was published more than 15 years ago.

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There is no doubt any more that the U.S. is in the midst of a recession. Now, the question is how long will it last and can we learn from the mistakes that caused it? We'll get an overview of how we

How Did We Get in This Economic Mess?

Maureen Cavanaugh : This week is starting out on a hopeful note for the nation's economy. Tomorrow, the President will sign an economic stimulus plan that supporters believe may be the first step out of our economic recession. But a recent survey of consumer confidence indicates we'll need a busload of hope before that's accomplished. Most people said they thought the downturn in the economy would last about five years. How did we get here?

Guest

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Alan Gin , professor of economics at the University of San Diego.