Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 2,287
Happy New Year - especially to all the comrades in the Tea Parties
"..No Republican activist or politician would dare admit it, but - strategically speaking - a recovering US economy is the last thing they wanted. Throughout 2011, as candidates slogged through the first voting districts of Iowa's rural counties and New Hampshire's small towns, they have sustained a relentless attack on Obama's handling of the economy. It was an easy song to sing.
With the official jobless rate stuck near 9 per cent - far higher in reality - Americans have endured a grim hangover from the Great Recession, coupled with embarrassment at Standard & Poor's historic downgrade of American debt that sparked hand-wringing over the country's lost sense of place in the world.
The dire state of the economy also propelled the right-wing Tea Party movement to attack government spending and then the leftist Occupy movement to assail the financial sector. In the middle was the erosion of the American middle class, beset by stagnant wages, cratered house prices and a job market defined by fear - a grim backdrop for any incumbent president trying for a second term.
But now, though hardly roaring forward, the US economy does appear to be improving. Since September, businesses have created an average of 150,000 jobs a month, the jobless rate inching down to sit at 8.6 per cent. Some forecasters believe the economy could grow 3 per cent in the fourth quarter of 2011, and one recent survey of top economists predicted a 2.4 per cent growth rate for 2012.
Though house prices are still dropping, house sales are rising and so is construction of new homes. Consumer confidence is also steadily recovering, all leading to a shift in perception that can only alleviate some of Obama's worst fears. . Now even Republicans admit the economic ground on which the 2012 campaign will be fought is shifting away from them. "I think [Obama] might be feeling a little better today than even four or five weeks ago," said Patrick Griffin, a political scientist and Republican strategist who has worked for presidential candidate Mitt Romney and former President George W. Bush.
http://msn.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10776235
Comrade Stalin
"..No Republican activist or politician would dare admit it, but - strategically speaking - a recovering US economy is the last thing they wanted. Throughout 2011, as candidates slogged through the first voting districts of Iowa's rural counties and New Hampshire's small towns, they have sustained a relentless attack on Obama's handling of the economy. It was an easy song to sing.
With the official jobless rate stuck near 9 per cent - far higher in reality - Americans have endured a grim hangover from the Great Recession, coupled with embarrassment at Standard & Poor's historic downgrade of American debt that sparked hand-wringing over the country's lost sense of place in the world.
The dire state of the economy also propelled the right-wing Tea Party movement to attack government spending and then the leftist Occupy movement to assail the financial sector. In the middle was the erosion of the American middle class, beset by stagnant wages, cratered house prices and a job market defined by fear - a grim backdrop for any incumbent president trying for a second term.
But now, though hardly roaring forward, the US economy does appear to be improving. Since September, businesses have created an average of 150,000 jobs a month, the jobless rate inching down to sit at 8.6 per cent. Some forecasters believe the economy could grow 3 per cent in the fourth quarter of 2011, and one recent survey of top economists predicted a 2.4 per cent growth rate for 2012.
Though house prices are still dropping, house sales are rising and so is construction of new homes. Consumer confidence is also steadily recovering, all leading to a shift in perception that can only alleviate some of Obama's worst fears. . Now even Republicans admit the economic ground on which the 2012 campaign will be fought is shifting away from them. "I think [Obama] might be feeling a little better today than even four or five weeks ago," said Patrick Griffin, a political scientist and Republican strategist who has worked for presidential candidate Mitt Romney and former President George W. Bush.
http://msn.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10776235
Comrade Stalin