Celebrating The Pollyanna Economy

 In the classic 1960 movie, Hayley Mills plays a young girl named Pollyanna who’s been taught to always look on the bright side. When she’s given crutches for Christmas, she ponders long before concluding cheerfully that at least she doesn’t NEED crutches.

That’s where we are now in the U.S. economy: Even though we’re still limping along, we celebrate the fact that we don’t need crutches. The nation’s economy expanded at a pathetic 2.5% annual rate in the third quarter, but at least we didn’t fall into a recession!