View From a Height
Commentary from the Mile High City
Tuesday, January 27, 2004

The Post Gets It (Mostly)

Deacon from Powerline has noticed that the least biased sections of the Washington Post seems to be its editorial page. Today, the Post's lead editorial takes the Democrats to task for not understanding the nature of the current recovery. It comes from greater efficiency and productivity, which is always very closely tied to standard of living and income.

Of course, they take a shot at the current deficits. I'm not delighted by deficits, either, but the fact is, they're not large as a function of GDP by historical standards, and there's hope that we'll grow out of them. Plus, they began to accumulate both as a result of falling tax revenue from the recession, and a deliberate attempt to stimulate the economy, which they have. If we continue to run $500B deficits year after year, that won't be good. But right now, there's every reason not to worry about them.

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