“This brinksmanship, which happens every three, six, [or] twelve months, is corrosive on our collective psyche and it is weighing on our willingness and ability to take risk,” Mr. Zandi said at an event hosted by the Washington-based think tank Third Way. “I am increasingly of the view that the reason why we can’t get our groove back, why those animal spirits that are so key to the well workings of the American economy are bottled up are because of what’s happening” in Washington.
Mr. Zandi works for the advisory arm of Moody’s Corp. and does not make decisions about the firm’s credit ratings for the U.S.
He advocates positive growth will get us out of the debt trap. Unfortunately, Zandi has no clue about the underlying trend in growth, namely it is pointing to negative growth. If we let the economy do its thing, it will seek the mean, a negative growth trend. So, Mark, the party in DC is all about finding out why bozo policies cause negative pressure on growth. You wouldn't have any clue about that?
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