Pre­dic­tion du jour: The econ­omy will sud­denly be acknowl­edged by the admin­is­tra­tion to be tanked, flushed, hosed. Not because of pol­icy, but because of the immense dam­age of Hur­ri­cane Kat­rina. Poor insur­ers. Poor oil indus­try. Poor dis­as­ter victims.

They are the administration’s excuse.

Just watch.