From the "Since you asked…" file.
Professor Krugman inquires…
The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits — and it's preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us?Since you asked, it tells us, or me, at least, that if it's jobless, it isn't a "recovery," the fortunes of financial manipulators notwithstanding.
Krugman's own answers are pretty good, too.