Posted by Peter Lawler
The economy turns out to be in "surprisingly" strong shape, and it’s probably going to get even stronger. Let’s hope divided government doesn’t screw it up.
The Wall Street Journal had a piece before the elections that used data to show the economy does best with divided government because no further regulation takes place. Business people are smart, give them the rules of the game and they will exploit the loopholes to make money. Obviously they cannot do this if the rules keep changing.
Karl Rove inexplicably ran the last election as a referendum on Iraq, which crowded out any talk of the strong economy. That worked out really well.
I wonder how well the economy is doing if you take oil company profits out of the equation? Because I find that everything costs in the last few months.
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