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Things people love.

This is the political scene, a weekly conversation with New Yorker writers and editors about politics.

It's Thursday, September 3rd. I'm Dorothy Wickenden, executive editor of The New Yorker.

It's been a volatile few weeks around the world, and there's been a lot of reports in the news,

and stock market swinging, and worries about China and about Europe.

But the United States of America, for all the challenges

that we still have, continue to have the best cards. We just got to play them right.

That was President Obama speaking last week from New Orleans as the Chinese economy continued

its tailspin and the U.S. stock market experienced its most volatile period since 2008.

John Cassidy and James Surawicki are here to discuss just how fragile the U.S. economy is.

Jim, we've been in a period of recovery for six years, during which the stock market more than

tripled in value until our most recent fall.

But recessions are cyclical.

...