The White House now says the U.S. economy is ‘in transition,’ They got that part right.

Daniel Henninger
Opinion Columnist, Wonder Land, The Wall Street Journal
Daniel Henninger's weekly column, “Wonder Land,” appears in The Wall Street Journal each Thursday.
Mr. Henninger was a finalist for a Pulitzer Prize in editorial writing in 1987 and 1996, and shared in the Journal's Pulitzer Prize in 2002 for the paper's coverage of the attacks on September 11. In 2004, he won the Eric Breindel Journalism Award for his weekly column. He has won the Gerald Loeb Award for commentary, the Scripps Howard Foundation's Walker Stone Award for editorial writing and the American Society of Newspaper Editors' Distinguished Writing Award for editorial writing. He is a weekly panelist on the "Journal Editorial Report" on Fox News.
A native of Cleveland, Mr. Henninger is a graduate of Georgetown University’s School of Foreign Service. Follow him @danhenninger.
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