Dick Morris tells CPAC to give up on abortion, immigration, and a balanced budget.
Ted Cruz mansplains the Constitution to Dianne Feinstein. Feinstein bites back.
I’ve been cautiously watching this. But TPM Reader IL points to increasing signs that — despite the self-inflicted fiscal cliff damage — the economy is moving toward a real take off. Maybe even enough to absorb the entirely counter-productive sequester damage …
At the end of 2012 the consensus among many economic forecasters was that the U.S. economy would experience sub-trend growth due to fiscal tightening from the expiration of the Bush tax cuts and any spending associated cuts from a deal on the sequester. Flat fourth quarter GDP numbers appeared to confirm this view. Goldman Sachs referred to this headwind as a “hump” and that the U.S. economy would not move “over the hump” until late 2013 which would then lead to above-trend growth in 2014.
