麻豆传媒 Newsline: Economic recovery hits rough spots

The scripts are available for printing and for sound bite identification.

Go to to get the current 麻豆传媒 Newsline. If you cannot access the Newsline at the Web address above, contact Joe Kleinsasser at (316) 978-3013 or cell (316) 204-8266 or joe.kleinsasser@wichita.edu. Newsline cuts may be edited to suit your needs.

If you have additional questions for Clark after listening to the 麻豆传媒 Newsline, please call him at (316) 978-7097 or jim.clark@wichita.edu.

Background:
The economic recovery in America might have stalled, thanks in part to rapidly climbing gas prices and other global issues, like the earthquake and tsunami in Japan. 麻豆传媒 economist Jim Clark says it appears the U.S. economy won鈥檛 be as strong as anticipated this year.

Voice wrap:
Announcer: Americans are earning and spending more, but that doesn鈥檛 mean the hoped-for economic recovery will be robust this year. 麻豆传媒 economist Jim Clark explains.

Clark: 鈥淓conomic recovery was starting to kick in and show some improvement, but we鈥檝e got a bunch of things now happening in the world that are getting in the way of that recovery.鈥

Announcer: For a lot of Americans, any extra cash they should have had from a cut in Social Security taxes is being drained by higher gas prices. Clark says instead of a robust economic recovery, it looks like we鈥檙e just going to be treading water this year. This is Joe Kleinsasser at 麻豆传媒.

Sound bite #1
Clark says the natural disaster in Japan has adversely affected the economy. The sound bite is 20 seconds and the outcue is 鈥減ollution control equipment.鈥

Clark: 鈥淭he earthquake and tsunami in Japan have knocked out a whole lot of factories that make lots of little bitty pieces that our economy needs. Carmakers are cutting back on production because they can鈥檛 get things like paint ingredients or little pieces of electronics that go into pollution control equipment.鈥

Sound bite #2
Clark says unrest in the Middle East continues to drive up energy prices. The sound bite is 12 seconds and the outcue is 鈥渋n the Middle East.鈥

Clark: 鈥淭he unrest in the Middle East is driving up energy prices, mostly because people don鈥檛 know where that鈥檚 going in the future. And nobody seems to have a clue what country is next in the Middle East.鈥

Sound bite #3
Clark says the cut in Social Security taxes isn鈥檛 having the effect the government had hoped for, because of rising gas prices. The sound bite is 16 seconds and the outcue is 鈥渂uying gasoline.鈥

Clark: 鈥淥ne of the things the U.S. government did at the beginning of the year to try to improve the economy was to cut our Social Security taxes 2 percent. But instead of spending that money on stuff made in the U.S., now most of that鈥檚 going toward buying gasoline.鈥

Sound bite #4
Clark says the economy is always going to be at the mercy of external events. The sound bite is 11 seconds and the outcue is 鈥渙utside events.鈥

Clark: 鈥淒espite all we know about the economy and all the things that a variety of people have been doing to try to make things better, we鈥檙e still always going to be at the mercy of outside events.鈥

Sound bite #5
Clark says it looks like the U.S. economy will stay relatively stagnant in 2011. The sound bite is 13 seconds and the outcue is 鈥渘ot dropping significantly.鈥

Clark: 鈥淎 couple of months ago it looked like we were really going to be moving into a recovery this year, but now it looks more like we鈥檙e, at best, going to be just treading water, staying where we are, but unemployment not dropping significantly.鈥