Economy gets more good news

[babylonsister]

http://www.washingtonpost.com/blogs/ezra-klein/post/wonkbook-economy-gets-more-good-news/2012/03/02/gIQAx25OmR_blog.html

Wonkbook: Economy gets more good news
Posted by Karl Singer at 07:22 AM ET, 03/02/2012

Karl Singer is writing Wonkbook while Ezra is traveling.


1) The economy got more good news, report Ben Casselman and Jon Hilsenrath: "After more than two years of frustrating fits and starts, the U.S. economy is showing signs of moving onto firmer ground. A host of reports Thursday underscored that point, as well as the perils that persist. The number of Americans filing initial claims for government unemployment benefits has fallen to levels last seen before Lehman Brothers collapsed, the Labor Department said. The stock market, a leading indicator of growth, is off to its best start this year since 1998 and notched more gains Thursday. Meantime, consumer confidence has reclaimed ground lost last year, and another report showed that income growth is firming. However the economy is far from robust. Government and company reports showed consumer spending has been mixed. And the manufacturing sector, though on the rebound, isn't booming, according to a survey of manufacturing purchasing managers by the Institute for Supply Management."

[lpbk2713]

1. Mittens, are you a man of your word?

If so it's time to pack up the clown car and head off into the sunset.


Speaking with Jon Ralston, Romney said, "if [voters] feel the economy is going in the right direction, they ought to vote for Barack Obama."


Link: http://www.dailykos.com/story/2012/02/09/1063390/-Romney-Concedes-Election-and-Endorses-Obama

[mercuryblues]

4. I see

a good campaign ad with that sentence.

[ProSense]

2. The ISM

was off this month, but it has been doing well.

Still, notice there wasn't a peep from Republicans yesterday on the unemployment numbers?

Seems there was more interest when they could spin the information as negative. There is good news and positive policy implications.

http://www.democraticunderground.com/1002372842

http://www.democraticunderground.com/1002372997

[JNelson6563]

3. It's a long hard slog out of the depths

Glad to see the progress continues, in spite of the Rs' best efforts.

Julie