“Why, sometimes I’ve believed as many as six impossible things before breakfast,” said the Queen in Alice in Wonderland. Well, if you believe Recovery Summer is working, you probably have something in common with Her Majesty.

Saying something is true doesn’t make it so. The administration should be finding this out with regard to its oft-proclaimed Recovery Summer, which is turning into such a bust that one wag compared it to George W. Bush’s “Mission Accomplished” moment.

James Pethoukis, an astute economic writer, has a great piece in the Weekly Standard that explains why the administration has made so many terrible mistakes. But I’m afraid that they continue to believe impossible things, namely an ideological theory of economics that is proving disastrous for the American people. Pethoukis concludes:

Of course, the administration could dramatically change course and join with a more Republican Congress next year to both lower the long-term debt outlook and boost the economy by slashing taxes on capital and corporations (which mostly passes through to workers). But don’t bet on it.