Fourth Quarter Growth Rebound?

December 12, 2009 Bruce Bartlett

Via the Wall Street Journal, we are seeing a sharp uptick in growth forecasts for the 4th quarter.

Further evidence that we have turned the corner and can be more cautious about additional fiscal and monetary stimulus going forward. While I recognize that unemployment is likely to be a problem for some time to come, I am inclined to think that problem is more structural than cyclical, and therefore will not respond to further stimulus without risking inflation.

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About Bruce Bartlett 76 Articles

Affiliation: Forbes

Bruce Bartlett is a columnist for Forbes.com, the online side of Forbes, the nation’s premier financial magazine.

He served for many years in prominent governmental positions including executive director of the Joint Economic Committee of Congress, Deputy Assistant Secretary for economic policy at the U.S. Treasury Department during the George H.W. Bush Administration, and as a senior policy analyst in the White House for Ronald Reagan.

Bruce is the author of seven books, including the New York Times best-selling Impostor: How George W. Bankrupted America and Betrayed the Reagan Legacy, and thousands of articles in national publications including the Wall Street Journal, New York Times, Washington Post, New Republic, Fortune and many others. He appears frequently on CNN, CNBC, C-SPAN and Fox News, and has been a guest on both the Daily Show with Jon Stewart and the Colbert Report.

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