Ezra Klein imagines the political implications from the “No Fiscal Restraint” option:
[4.4 percent growth in 2013] sounds fairly optimistic to me. But let’s assume, for a minute, it isn’t, and that it actually happens. Then either Barack Obama or Mitt Romney, without introducing any major new policies of their own, would be presiding over 4+ percent growth. Politically, that would be huge for them and their party. The midterms would likely be a cakewalk — you don’t want to change horses mid-gallup, do you? And it would likely have the effect of legitimizing whatever their platform was.