Posted by Tina Grazier

Don Surber, writing on dailymail.com, has come up with the perfect phrase to describe Washington’s need to fix the economy. The term follows his explanation of why we are not in recession:

The 4.9 percent annualized growth in that (the third) quarter followed the previous quarter in which the economy grew at an annualized rate of 3.8 percent. *** Far from being in a recession, as defined by two consecutive quarters in which gross domestic product contracts, the American economy is growing. *** Preliminary results for the fourth quarter will not be released for another week.

But the view from Washington is that the American people are all a bunch of children who need to be protected and baby-fed rebates and the like in order to survive. It is “goo goo economics”

How precious is that!

Follow the link to Mr. Sturber’s article, “And now, an era of irrational pessimism”