Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
2016 Postmortem
Related: About this forumJoe Conason: Index Praises U.S. As ‘Sole Bright Spot’ In Sluggish World Economy
Index Praises U.S. As Sole Bright Spot In Sluggish World Economy
October 8th, 2012 11:30 pm
Joe Conason
Unemployment is still too high, income is still too low, and the recovery is still too slow but the United States is faring considerably better than other developed nations against the threat of a renewed recession and remains the brightest spot in the world economy, according to the latest indicators tracked by the Financial Times and the Brookings Institution. Known as TIGER, or Tracking Indices for the Global Economic Recovery, the comprehensive data report compiled by the London-based business daily and the centrist Washington think tank provides a factual context for the U.S. presidential debate.
Favorable comparison with other nations, in a faltering world economy, may reinforce President Obamas argument that his policies are working despite jobs statistics that remain deeply troubling. Moreover, criticism of Obama by Republican Mitt Romney may well be regarded as less credible if the U.S. economy is in fact performing better than every other developed country especially those pursuing the austerity policies advocated by Romney and his running mate, Rep. Paul Ryan.
Combining measurements of real economic activity, financial data, and surveys of business and consumer confidence, the TIGER index employs advanced statistical methodology to illustrate the simultaneous movements of indicators that tend to be measured very differently in various countries. According to the Financial Times, which featured the latest report on its Monday front page under the headline US defies threat of global recession:
The TIGER index shows momentum in the global economy dissipating despite action by the Federal Reserve, European Central Bank, Bank of Japan and Bank of England to boost the recovery. Only in the US on the brink of the presidential election has economic momentum remained reasonably robust.
more...
http://www.nationalmemo.com/global-index-praises-us-as-sole-bright-spot-in-sluggish-world-economy/
October 8th, 2012 11:30 pm
Joe Conason
Unemployment is still too high, income is still too low, and the recovery is still too slow but the United States is faring considerably better than other developed nations against the threat of a renewed recession and remains the brightest spot in the world economy, according to the latest indicators tracked by the Financial Times and the Brookings Institution. Known as TIGER, or Tracking Indices for the Global Economic Recovery, the comprehensive data report compiled by the London-based business daily and the centrist Washington think tank provides a factual context for the U.S. presidential debate.
Favorable comparison with other nations, in a faltering world economy, may reinforce President Obamas argument that his policies are working despite jobs statistics that remain deeply troubling. Moreover, criticism of Obama by Republican Mitt Romney may well be regarded as less credible if the U.S. economy is in fact performing better than every other developed country especially those pursuing the austerity policies advocated by Romney and his running mate, Rep. Paul Ryan.
Combining measurements of real economic activity, financial data, and surveys of business and consumer confidence, the TIGER index employs advanced statistical methodology to illustrate the simultaneous movements of indicators that tend to be measured very differently in various countries. According to the Financial Times, which featured the latest report on its Monday front page under the headline US defies threat of global recession:
The TIGER index shows momentum in the global economy dissipating despite action by the Federal Reserve, European Central Bank, Bank of Japan and Bank of England to boost the recovery. Only in the US on the brink of the presidential election has economic momentum remained reasonably robust.
more...
http://www.nationalmemo.com/global-index-praises-us-as-sole-bright-spot-in-sluggish-world-economy/
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
4 replies, 817 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (3)
ReplyReply to this post
4 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Joe Conason: Index Praises U.S. As ‘Sole Bright Spot’ In Sluggish World Economy (Original Post)
flpoljunkie
Oct 2012
OP
fugop
(1,828 posts)1. Pound away at this, Dem surrogates! NT
grantcart
(53,061 posts)2. that's what I have been telling people for months
If the dollar wasn't so strong we would have much more exports, esp to Europe and unemployment would be less than 7%.
In the last three years the dollar has apreciated 60% in value against the Euro.
Sugarcoated
(7,725 posts)3. Very cool!
TroyD
(4,551 posts)4. It was a week ago that the Jobs Report came out
And it has been overshadowed by all of the media talk about Romney winning the first debate.
I hope Team Obama is going to talk over the media and make sure to emphasize the good economic points on the trail EVERY DAY for the next month.
That is the way to win.