When It Comes to Recoveries, "Rip-Roaring" Ain't What It Used to Be at the Washington Post

The Post had a major business section article promising that 2013 could be the year of a "rip-roaring" recovery, if nothing bad gets in the way. While there are reasons to think that 2013 could be better than the prior two years, it's not clear that "rip-roaring" would be the right term to apply.

The high-end of growth forecasts is around 3.0 percent. This assumes that the budget standoff is resolved relatively quickly on terms that do little damage to the recovery. According to the Congressi...