The first presidential debate had more discussion about Big Bird than the euro zone.
If you listen to last night’s debate, the U.S. economic challenges don’t include housing or the spillover impacts from the euro zone’s debt crisis. Scant attention was paid to the fiscal cliff.
The inattention highlights the fact that no matter who wins the White House, policy changes won’t come soon enough to alter the short-run trajectory of the U.S. economy. Real gross domestic product is likely to grow at an annualized rate centered around 2% — and that’s if the fiscal cliff is avoided.
via Candidates Ignored Some Big Economic Issues in Debate – Real Time Economics – WSJ.
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