Michelle Jamrisko at Bloomberg reports:
Americans have learned to expect these less-than-expected results from an economy that continues to flounder. Especially discouraging is the fact that, according to Mark Zandi, chief economist at Moody’s Analytics Inc., “Payrolls at construction companies stagnated last month as the boost from rebuilding efforts following superstorm Sandy faded …”
Mercifully, we cannot depend on monster storms like Sandy to stimulate growth and hiring. And, anyway, Monsieur Bastiat long ago demonstrated the fallacy in that line of thinking. So slow growth and high unemployment begin to seem like a permanent condition for which the Obama administration’s solution is …
More fundraising—so as to conduct a more or less permanent political campaign. According to Justin Sink, reporting in the HIll:
So, we are living in a time of the permanent political campaign and never-ending economic stagnation.
Coincidence?
