David Harsanyi: Thank Gridlock for Economic Turnaround
The Obama Boom is finally here. Gross domestic product grew by a healthy 5 percent in the third quarter, the strongest growth we've seen since 2003. Consumer spending looks as if it's going to be strong in 2015. Unemployment numbers have looked good. Buying power is up. And the stock market closed at 18,000 for the first time ever. All good things. So what happened?
Those who've been paying attention these past few years may have noticed that the predominant agenda of Washington has been to do nothing, notes David Harsanyi. It was only when the tinkering and superfluous stimulus spending wound down that fortunes began to turn around.