What impact will the latest economic news have on the Presidential race?
More economic evidence that the U.S. continues to do better than most other advanced economies of the world despite the fact that economists have been saying the weak global economy, especially the Euro-crisis, has slowed our recovery. The conservative Wall Street Journal reports today after recent reports showing unemployment dropping and consumer confidence growing, now retail sales increased beating analysts expectations. WSJ "The stronger retail data provide some of the first hard evidence that rising consumer confidence is translating into actual spending. On Friday, a survey from the University of Michigan showed consumer sentiment hitting its highest level since before the recession. Other polls and surveys also have shown Americans becoming more positive about the economy. Such optimism comes despite a weakening global outlook that has dragged down exports and hurt manufacturers. The domestic economy (the U.S.) is doing better even as the export side is weakening (because of a poor global economy). Economists said the current rebound may reflect a broader improvement in household finances. Job growth has been slow but relatively steady over the past two years, and incomes are rising again. The stock market has been strong and the long-moribund housing market is finally beginning to improve." http://online.wsj.com/article/SB10000872396390443675404578058291688750404.html In August we learned housing had it's first positive year June 2011-2012 since the Great Recession. Today Business Insider reports DEUTSCHE BANK says"The Housing Market Is Telling Us The Rest Of The Economy Will Accelerate Within Months.'...this recovery in housing is important because housing is what led the U.S. economy into a recession, and is part of the reason the recovery has been so slow". http://www.businessinsider.com/lavorgna-housing-recovery-is-for-real-2012-10#ixzz29OwbBsRZ John Walsh, president, Total Mortgage Services- not a big Obama fan- has said "I believe President Obama can claim a victory in the housing war to date". http://thehill.com/blogs/congress-blog/economy-a-budget/242905-obamas-housing-victory See the Official charts on economic growth at http://www.treasury.gov/resource-center/data-chart-center/Documents/20120502_EconomicGrowth.pdf
Asked By: Prometheus4us - 10/15/2012
Best Answer - Chosen by Asker
Uneducated people who are presently failures (in whatever they do) will not let facts affect their racial bigotry. = They want to blame a black man for their failures, and there is Obama front and center. Obama/Biden 2012
Answered By: Uncle Cyril Wayne T - 10/15/2012
Additional Answers (3)
gdp in 2011 smaller than 2010 gdp in 2011 smaller tah 2010 july jobs 120,000 lower than june 120,000 august jobs lower than july 114,000 were going in wrong direction
Answered By: rightstuff - 10/15/2012
mr. cyril you pull the race card every post you are the one who sounds uneducated what are you trying to hide besides the fact that the only word you seem to know is bigot do you understand that this is America everyone is entitled to their own opinions and it seems that pointing your finger EVERY post screaming bigot... More
Answered By: Ryan - 10/15/2012
You mean the one where they forgot Ca. unemployment report? The news you are talking about it just another way we have been lied to . They found this report was wrong last weekend I guess you can say they LIED again!!! What else in new. obamay is a failure
Answered By: Joe w - 10/15/2012
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