Economy turning around?

[tRidiot]

Not good news for those who hope Obama takes a dive due to the economy, but new jobless claims are down ~50,000 this week. Fox reporting it is the lowest level in 4 years? Increases in manufacturing, etc.

Good economic news is good news, but bad news for the Republican party in politics. The question is, is the GOP going to welcome good numbers, or are they going to spend more time discrediting the numbers? I understand there are lots of things to look at, including disenfranchised workers who are no longer looking, way to manipulate data, etc. But that works both ways, and we have seen steadily dropping unemployment numbers for the last - what, 4 or 5 months now?

What do you think?

 

[RickN]

No idea what the GOP will say, but I would not put it past the Obama admin to cook the numbers.

 

[MaddSkillz]

As long as we continue to use dollars, it will never turn around, no matter what they say.

 

[SMS]

The recent numbers will quietly be revised up on a Friday afternoon news dump...like they have done very often. "Oh look, jobless claims are below 400K! We are doing awesome!"....then two weeks later the real numbers come out over 400K and narry a peep.

 

[MLRyan]

I hate when the numbers are posted too often. Like this week jobless claims dropped x amount and then next week jobless claims surging. Or stocks open on a good note today, look like the economy is back on track and then tomorrow stocks plummet and we're all screwed. Watching the trends slightly more long term(monthly/quarterly) give a better picture. Just my 2 cents, but if more people are finding work, good for them.

 

[Biggsly]

If I used the same math on my taxes that the Government uses on job numbers, I would go to jail.

 

[yukonjack]

If I win the Powerball lottery will Obama take credit for that too????

 

[Super Dave]

If I win the Powerball lottery will Obama take credit for that too????

He won't take credit for that. He will take upward of 40% of it!!!!

 

[Wheel Gun]

There is a slight, but steady, improvement across most US sectors. I would attribute it to people's inherent tendency toward optimism and to the ability of clever Americans' to overcome odds. Politicians and partisans, however, will attribute it to their favorites' actions. But, the reality is, you can't keep good people down forever. We figure it out eventually and find a way. Good job, folks, keep working hard.

 

[JonN06]

If I win the Powerball lottery will Obama take credit for that too????

He's gonna get his money out of you whether you win or lose...