So Much For the Recession

The economy grew at a robust 3.3% rate in the second quarter, putting to rest any suggestion that we are, or soon will be, in a recession.It's worth noting that the growth was fueled largely by exports, which will be curtailed if Obama is elected and the Democrats adopt protectionist policies.In politics, though, it's perception that counts, not reality, and it appears that workers' job market confidence may be slipping, even as new claims for unemployment benefits continue to drop.To comment on this post, go here.