Signs of turning tide on economy lift Democrats, Obama's hopes
By Peter Schroeder - 12/05/11 05:15 AM ET
President Obama, with his electoral fate tied to the economy, must be pleased with the momentum he’s getting.
Just months ago, the U.S. credit rating was downgraded and Democrats worried Obama was following in the footsteps of one-term President Jimmy Carter. Maybe he will, but
reports in the last week suggest manufacturing and construction are humming, and Thanksgiving saw record-setting shopping by consumers.
The icing on the cake? A jobs report Friday shaved nearly half a point off the unemployment rate. The 8.6 percent rate was down from 9 percent in October and is the lowest unemployment has stood in two and a half years.“Democrats have a very good chance in 2012 and if the economy gets better that’ll help us,” said Rep. Norm Dicks (D-Wash.). “Things are looking a lot better. A lot better.”
more...
http://thehill.com/blogs/on-the-money/801-economy/197079-signs-of-turning-tide-lift-obamas-hopes
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
