High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/b1dfd2f0-243e-11e2-94d0-00144feabdc0.html#ixzz2BP7LH3dZ Explain the disease to help US citizens By Richard Koo In 2008, Barack Obama told the US people the nation’s economic crisis would take a long time to overcome. In 2012, many of those voters are losing patience, because they have not been told why this recession has lasted so long or why his policies were the correct response. Here is the missing explanation – based on not only the US experience, but also that of Japan and Europe.

Explain the disease to help US citizens

By Richard Koo

In 2008, Barack Obama told the US people the nation’s economic crisis would take a long time to overcome. In 2012, many of those voters are losing patience, because they have not been told why this recession has lasted so long or why his policies were the correct response. Here is the missing explanation – based on not only the US experience, but also that of Japan and Europe.http://www.ft.com/cms/s/0/b1dfd2f0-243e-11e2-94d0-00144feabdc0.html#ixzz2BP7LH3dZ