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2016 Postmortem
Related: About this forumIt's (Almost) Morning in America
Oct 22, 2012 1:00 AM EDT
A surging economy is great news. Especially for the next president.
The day after last Tuesdays debate, as I was monitoring the Twitter feed for the post-debate debate, some news flashed across the screen that elicited more than one tweeted, all-cap, WHOA! Housing starts in September surged to their fastest pace in four years, up 15 percent over August, far exceeding the experts predictions. In the diurnal bickerfest over Candy Crowley and Benghazi, liberals and conservatives agreed that this was impressive stuff.
Its not the only recent good tiding. We all know about the 7.8 percent unemployment rate, the lowest in four years. OK, conservatives, cavil if you wish. But its the unemployment rate we have, and to most normal people cheering for America, its welcome news. Weekly jobless claims in the week after the unemployment rate was announced were far lower than expected. And then came the announcement that consumer confidence is at a five-year high.
Theres more: the Federal Reserve is now seemingly committed to low interest rates and fiscal stimulus well into the future, and some Fed officials have even spoken (no!) of letting inflation get above 2 percent if thats what it takes to bring unemployment down further. In its mid-October unemployment report, Gallup, which surveyed 30,000 households, found that the jobless rate was heading in that happy direction, indicating perhaps that the September number was not a fluke.
Is the economy finally turning the corner? Could itsort of, maybe, almostbe Morning in America again?
I dont know. Economists barely know, and theyre the experts. But one thing is already clear: even the appearance of a strong economic rebound taking shape during the final weeks of the campaign could have enormous consequences on the outcomeand on what follows it.
more:
http://www.thedailybeast.com/newsweek/2012/10/21/michael-tomasky-the-economy-is-great-for-the-next-president.html
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It's (Almost) Morning in America (Original Post)
DonViejo
Oct 2012
OP
LongTomH
(8,636 posts)1. It should really suck to be Mitt at this point!
But, Mitt's Facebook page (I only see it when 'friends' share links on their pages!) keeps saying: "Mr. Obama, where's your plan?"
wisteria
(19,581 posts)2. Yes, Romney and the Repubs know things are getting better.
That is why they are pouring so much money into and trying to fix this election in Romney's favor. The last thing they want is another Democrat President who improves the economy. They will lose their advantage on economic issues when President Obama wins reeelction and the economy starts booming.