Economy Grows 5.7%

Economic stimulus is working. The economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending. But a double-dip recession is very possible.

Look for a readjustment in a few weeks to a growth rate around 4.5%. Still nothing to scoff at, however. The worst thing we could do right now is slow down federal stimulus spending.