Posts Tagged ‘highest


whisper it…

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Thank you Proud




*** The last time the President’s disapproval rating was as low as 39% with Gallup was …..  November 15, 2009 ***

Even GOP Rasmussen have the President at 49 😉

Meanwhile, here’s the latest from Pew:


Also from the Pew poll – “Independents’ assessments of Obama’s performance spiked from 42% to 52% approval on news of Osama’s death, and remain at 49% in the current survey. The current survey also finds that just 37% of independents disapprove of Obama’s job performance, the lowest since the fall of 2009.”



Gallup: April’s +13 index score is based on 32% of workers nationwide saying their employers are hiring and 19% saying their employers are letting workers go


Getting there 😉


‘dow closes above 12,000 for first time since 2008’

Washington Post: The Dow Jones Industrial Average closed above 12,000 Tuesday for the first time since June 2008. The milestone was another mark of recovery from one of the worst financial crises in the nation’s history – and a sign that investors expect the economy to keep growing instead of taking a second dip into recession.

….The news raised hopes on the economic front. “We have issues; we have problems,” said James W. Paulsen, chief investment strategist at Wells Capital Management, an arm of Wells Fargo. “But I don’t think they’re as overwhelming as what everyone thought, and that’s why we’re back here as fast as we are.”

The Dow, an index of major corporate share prices, has now risen more than 83 percent in less than two years….Companies such as IBM, Apple, Netflix and Caterpillar have contributed to the momentum with encouraging year-end reports or upbeat financial forecasts…..

The symbolism of a Dow 12,000 could be as much political as economic. In his recent State of the Union address, President Obama noted that the stock market had “come roaring back.”

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AP: The best month for U.S. factories in nearly seven years is brightening the outlook for job growth.

Companies are exporting more construction and mining equipment, and Americans are buying more cars, appliances and computers.

The Institute for Supply Management, a private trade group, said Tuesday that its index of manufacturing activity rose last month to 60.8. It was the highest reading since May 2004 and the 18th straight month the sector has grown. Any reading above 50 indicates expansion.

The strong data on manufacturing activity was a major reason the Dow Jones industrial average closed above 12,000 for the first time since June 2008.

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‘us consumer spending best in three years’

BBC: Consumer spending in the US grew at its fastest pace in three years during 2010, official figures have shown.

Spending grew by 3.5% from 2009 the Commerce Department said, the best showing since a 5.2% rise in 2007 – before the country went into recession.

The 2010 levels were helped by a strong December, where spending grew by 0.7%, the sixth consecutive month of growth.

Consumer spending makes up more than two-thirds of activity in the US, the world’s largest economy.

….Economists expect that spending and savings will be boosted further in 2011, if the job market continues to slowly improve and with a cut in payroll tax.

…Last week, figures showed that US economic growth accelerated in the last three months of 2010 to an annualised rate of 3.2%, up from a rate of 2.6% in the previous quarter.

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Financial Times: US retail sales surged last year at the strongest pace since 1999, as consumers shook off their fears of recession and started spending again amid tepid inflation … Commerce department figures on Friday showed that total sales in 2010 were up 6.8 per cent from 2009, marking the sharpest such increase in more than a decade.

…Retail sales are a big part of consumer spending, which accounts for the bulk of economic output in the US. Last year’s rise offers hope that consumers will be able to help fuel the economic recovery, in spite of stubbornly high unemployment.

“Clear and sustained evidence of renewed life in household spending since July indicates that the market pessimism this summer had very little lasting impact on consumer activity,” said Michael Woolfolk, strategist at BNY Mellon Global Markets. “Not only did US consumers hit the holiday shopping season in full stride this year, but the recent tax stimulus plan ensures that the momentum will carry over into 2011.”

Full article here

Bloomberg: Sales at U.S. retailers rose in December for a sixth consecutive month, capping the biggest one-year gain in more than a decade … sales advanced 6.7 percent in 2010, the most since an 8.2 percent jump in 1999.

Analysts this month boosted 2011 forecasts for household spending, which accounts for 70 percent of the economy, as tax cuts and an improving job market put more money in Americans’ pockets. Ford Motor Co. and Dollar General Corp. are among companies planning to increase payrolls this year, pointing to gains in employment that may accelerate the recovery.

Consumers are “feeling that the worst is definitely behind them,” said David Semmens, a U.S. economist at Standard Chartered Bank in New York …. “The first quarter should definitely receive a boost in consumer spending from the fiscal stimulus and the improvement in hiring.”

….Ford said Jan. 10 it plans to hire more than 7,000 workers in the next two years … the Dearborn, Michigan-based company will hire 4,000 factory workers and 750 engineers this year and add 2,500 hourly workers next year… Other companies are boosting their payrolls. Dollar General, the biggest of the U.S. dollar discount stores, said Jan. 3 it plans to add 6,000 jobs as it opens 625 more stores in fiscal 2011.

Full article here



National Journal: As Pres. Obama returns from a Hawaiian vacation to a more Republican Washington Tuesday, his approval rating in the latest Gallup Daily tracking poll sits at its highest point in eight months.

Fully half of Americans approve of the job Obama is doing, while 42 percent disapprove. The last time Obama’s approval stood at 50 percent was for the three-day, rolling sample conducted last May 29 to June 1….

The jump in Obama’s approval rating comes shortly after a lame-duck session of Congress that Obama hailed as “a season of progress” before departing on his Christmas vacation.

Hmm, I wonder if the LA Times’ Andrew Malcolm feels a little embarrassed now?

Malcolm: “Obama pays no attention to opinion polls, of course, because he’s so focused on the nation’s well-being. Which is probably another good thing because the president’s job approval has started down again. After all the pre-holiday hoopla over the “productive” lame-duck session of Congress that only added a trillion dollars to the national debt, the Democrat’s end-of-his-second-year approval rating has declined to 47% from 49%, with 46% disapproving of his job performance, according to Gallup.”


Media Matters: We already noted that Andrew Breitbart blogger Dana Loesch posted the confused claim that the New York Times, among others, “underreported” the Tea Party story last year, when in fact the Times managed to publish more than 1,000 articles and columns mentioning the Tea Party in 2010.


Well, look what else appeared on Loesch’s soggy list of stories the biased mainstream media have ignored: Obama’s sagging popularity

Gosh darn it, why won’t the press cover “Obama’s sagging popularity”?!

Possible answer: Because when a president’s approval rating remains essentially constant over a 12-month span, there’s not much of a news story to cover. But that’s just me thinking out loud.

Sadly for Loesch, her latest post appears on the same day that Obama climbs to a 50 percent approval rating at Gallup. But Loesch wants to know why the press won’t cover Obama’s sagging popularity.

Oh bother.








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