"It's (Almost) Morning in America" by Michael Tomasky at the Daily Beast

[applegrove]

It's (Almost) Morning in America

by Michael Tomasky at the Daily Beast

http://www.thedailybeast.com/newsweek/2012/10/21/michael-tomasky-the-economy-is-great-for-the-next-president.html

"SNIP.............................................

It’s 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 it’s the unemployment rate we have, and to most normal people cheering for America, it’s 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.

There’s 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 that’s 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 it—sort of, maybe, almost—be Morning in America again?

I don’t know. Economists barely know, and they’re 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 outcome—and on what follows it.

.............................................SNIP"

[andym]

1. I'm glad someone agrees

Here's my take a few weeks ago:
http://www.democraticunderground.com/10021484658

or how about here:
http://www.dailykos.com/story/2012/10/06/1141025/-It-s-morning-in-America-again

[applegrove]

2. The more people and websites make this an issue the better. I wish

the MSM would pick up on it and make it a full story about how almost all signs are a go on the economy.

[andym]

3. I agree completely. NT.

[andym]

4. The funny thing is that even Romney agrees

he plans to do nothing and take credit for the good economy that Obama helped create.

http://www.democraticunderground.com/1251159494
"The second most damning meme from the secret tape is that Romney plans to do nothing for the economy"