The Post Uses the Double Dip Story to Diminish Expectations

The headline of a Washington Post article used the term "optimism" in reference to a prediction of 2.5 percent growth for the third quarter. It is very difficult to view 2.5 percent growth as much less than disastrous. At this rate the economy is growing just fast enough to keep pace with the growth of labor force.

That means we are making zero progress in reducing the unemployment rate. If the economy continues to grow at a 2.5 percent pace, the unemployment rate will remain around 9...