CHANGE: Time: Don’t Hold Your Breath. “Double dip is not a term that a government keen to extricate itself from the economic-crisis-management business likes to hear. A couple of weeks ago, the Obama Administration was poised to switch to growth mode. Then the ugly data started pouring in like the overflowing Mississippi.” Unexpectedly!

But the author doesn’t seem to have read Steve Carter’s essay yet.

UPDATE: Dick Durbin: This Is Obama’s Economy Now. Is it just me, or are we starting to see some distancing going on where the economy is concerned? . . .

ANOTHER UPDATE: Unpacking Time’s political theory.