During the first three years after the 1981-82 recession, the economy grew above 3% in 11 of 12 quarters and at greater than 5% in 7 of 12. Eleven quarters into this recovery, the economy has managed 3% or better only four times and has yet to reach 4%. But America's underlying fundamentals look increasingly strong. A gridlocked Congress and an inflation-averse Federal Reserve may try to gum up the works. But this morning's disappointing number is by no means a reason for despair.Trump's right that stronger economic growth cures countless ills -- unemployment, deficits, debt, even Social Security and Medicare's woes. There would be less social and cultural anxiety as well. I plan to vote for the GDP president. Who will he be?
Why Jonah is a prophet for our time
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