calamitous news for the gop: america is recovering

Politico: Wednesday’s unemployment data showing that applications for jobless benefits fell to their lowest level since July 2008, giving hope to a more solid economic recovery.

Bloomberg reports: Jobless claims declined by 34,000 to 407,000 in the week ended Nov. 20, Labor Department figures showed today. The total number of people receiving unemployment insurance decreased to the lowest in two years, and those on extended payments also fell. …

“The labor market is clearly improving,” said John Silvia, chief economist at Wells Fargo Securities in North Carolina. “We’re seeing consistent job gains in the private sector. This suggests we’ll have a good holiday spending season.”

Reuters adds: The improving economic picture was also brightened by news that consumer sentiment perked up this month to its highest level since June…

“The economic recovery in the U.S. is becoming more sustainable, as the improvement in the labor market is finally supporting consumer spending,’ said Harm Bandholz, chief U.S. economist at UniCredit Research in New York.”

13 Responses to “calamitous news for the gop: america is recovering”

  1. 1 Tsetse
    November 24, 2010 at 12:21 pm

    Tell Mitch McConnell and “The tan man” TAKE THAT!!!!1 No matter how they try to discourage their big corporate friends from hiring….you cannot deny the facts!!!!! BTW the auto industry bailout was not going to succeed according to the GOP but Guess What!!!!!!!

    2012 is looking better and better.

    • 2 Hachikō
      November 24, 2010 at 1:43 pm

      What do you wanna bet the GOP is gonna take credit for this improvement? Watch the propaganda machine spin this to make it seem like it’s cuz the GOPers took over the House why the economy started to improve. There’ll even be idjit americans out there who’ll buy it. Mark my words.

  2. 3 vitaminlover
    November 24, 2010 at 12:27 pm

    This is so wonderful. Our President has the situation well in hand.

  3. 4 CR
    November 24, 2010 at 1:18 pm

    Don’t worry about Circus Peanut and his friends

  4. 5 Sue in Minnesota
    November 24, 2010 at 1:52 pm

    The two of them are on my speed dial….and their staff will continue to hear from me until the time when they drop the political shennanigans and approach their responsibilities to the American people seriously. And demonstrate respect towards our deserving President. Kyl, also…….he’s playing with fire, security issues that impact our entire world. Man, I get worked up just thinking about these Jackwagons.

    • 6 Hachikō
      November 24, 2010 at 6:38 pm

      Good for you, Sue. Glad to see at least one Progressive holding Republicans accountable for the mess they created.

  5. 7 sduncan
    November 24, 2010 at 1:56 pm

    Good News is always good to me. It is a welcome change from the doom and gloom being spread by the corporate owned media.

  6. 8 Thro67
    November 24, 2010 at 3:03 pm

    I think when the President says “don’t bet against us”, he’s speaking directly to these characters on the right, who have gambled with America’s future, and are betting everything on America’s failure.

  7. 9 Sue in Minnesota
    November 24, 2010 at 3:45 pm

    Micth bears an uncanny resemblance to Apple, today’s pardoned turkey. Waddle, waddle, they both got the waddle thing going on.

  8. 12 Perry
    November 24, 2010 at 7:57 pm

    Oh cry me a river tan-man…

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