The economy grew at …
The economy grew at an annual rate of 4% in the fourth quarter (following the amazing 8.2% from the previous quarter). This is, probably, bad news for Robert Kuttner who claimed back in August,

Economic growth came in at 2.4 percent for the second quarter of 2003. That was better than expected, but it needs to hit 4 percent or higher to reduce unemployment. Bush’s cheerleaders say that will happen, in well-choreographed fashion, in the election year. But will it?

As I mentioned back then, yes it will, and no “cheerleading” required. Just a good look at history.

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