Study: People think recessions are much rarer than they actually are

Quick, how many recessions has the United States had in the past 50 years? The answer is eight. Since 1960, the country has gone through one or two recessions per decade, on average. Yet both voters and politicians seem to think economic slumps are far rarer than they actually are—with odd effects on election and policy.

The one part of Obama’s stimulus that Romney loves

Mitt Romney's attack of Obama's stimulus is a central pillar of his campaign: In ads, statements, and speeches, he's attacked the law as a giveaway to the president's "friends, donors, campaign supporters, special interest groups." But buried inside Romney's economic plan is a promise to invest federal money in a new energy R&D program that was one of the stimulus's biggest success stories.