Friday, October 31, 2024
By Steven Taylor

Joining the, “Yes, 7.2% growth is nice, but will it conitue, and what about the jobs?” crowd is Paul Krugman.

While I take the point that one quarter does not a recovery make, most analysts seems to think that there is more going on here than one good quarter, althought granted, we shall see. Still, it is hard not to read some of these pieces with a straight face, as it so clearly the case that partisanship is radically coloring the analysis. (What? Paul Krugman placing partisanship before good analysis, surely you jest!-ed.).

Another example is a Slate piece from yesterday.

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