We’ve all heard the “good” news: The recession is over. Among the positive signs is consumer spending. U.S. retailers industry collectively reported a 9.1 percent sales increase at stores open at least a year, the strongest showing since 2000.
We’re all aware, too, of the bad news: States and localities are recovery-challenged. The problem for policymakers who would like to give states and localities a helpful push up the recovery ladder is that the troubles that bedevil those economies are not evenly distributed.