Pay No Attention to That Anemic Economy
Immigration and gun control have dominated the issue agenda for the past few weeks, pushing away, for a time, the previously dominant worries about fiscal issues and their impact on the overall health of the U.S. economy. But Wednesday morning’s news that the economy, as measured by real gross domestic product, had declined in the fourth quarter of 2012 by one-tenth of a percentage point—surprising economists who had expected the economy to grow by 1 percent—brings these issues back to the forefront. In the third quarter of 2012, real GDP grew by 3.1 percent.The release of numbers showing
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