Tuesday, November 03, 2009

The Obama Recovery

I agree with James Pethokoukis (and other commentators with a similar line) in the main, but his tone seems a bit churlish to me. The fact that GDP grew at 3.5% last quarter is good news, even if for technical reasons that number is exaggerating somewhat the growth in the real economy.

Instead of quibbling about whether last quarter's GDP growth rate was 3.5% or 2.0%, I would simply emphasize that appearances notwithstanding, we are actually in a recovery right now. This is what recovery looks like when Democrats are in power. If the voters want something better, they can vote Republican.

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