Posts Tagged ‘support

28
Jul
12

Rise and Shine

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President Obama arrives to attend two campaign events at a private residence on July 27 in McLean, Virginia

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Tally? Deep breaths, okay?

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@aramis2377

The Guardian: Mitt Romney’s campaign is scrambling to limit the damage from his gaffe-strewn visit to London – which has drawn mocking put-downs from the city’s mayor and the British prime minister, and “Mitt the twit” headlines in the UK – by saying that Americans don’t care what the foreign press prints.

But the attempt to downplay the debacle made little headway in the face of a barrage of critical coverage in the US, which portrayed the Republican presidential candidate as incompetent and undiplomatic, and stinging criticism from American Olympic legend Carl Lewis, who suggested that Romney should not be allowed to travel abroad.

…. The New York Daily News called Romney’s visit to the UK “flub-filled”. “At this rate, Mitt Romney may provoke an international incident with the United Kingdom by the weekend,” it said.

…. Larry Sabato, director of the University of Virginia’s Center for Politics, …. said the near farce of Romney’s trip will reinforce doubts in the minds of some voters about his fitness for the presidency.

“The image is somewhat that he’s not ready for prime time. It’s London for God’s sakes. You have to try to mess up a foreign debut in Great Britain if you’re an American candidate for president. It looks terrible. He was a gaffe machine. It wasn’t just a single gaffe. Every time he opened his mouth he created another gaffe,” he said.

More here

NYT: …. Mr. Romney has misspoken before, despite his highly disciplined, analytical and cautious campaign. But it may be the very consultant-cool personality of his campaign that has helped propel Mr. Romney’s Olympic-size gaffe.

…. The aftermath was swift and vicious, with the British press devouring Mr. Romney like a pile of mushy peas. His campaign was slow and flat-footed in recognizing it had a problem, and unable to improvise a quick response.

Instead, staff members were forced to watch as David Cameron, the British prime minister, offered a tart and public rebuke on Thursday. “Of course it’s easier if you hold an Olympic Games in the middle of nowhere,” Mr. Cameron said, an obvious allusion to the Games Mr. Romney oversaw in Salt Lake City.

Afterward, the campaign said that Mr. Romney had misspoken because he was tired and jet-lagged… Two British television networks led with the gaffe on their nightly broadcasts (a third ran it second), and Mr. Romney awoke to British headlines proclaiming him a “party-pooper” and “Mitt the Twit.”

More here

Washington Post: Mitt Romney’s Friday was better than his Thursday. He did very little.

…. Romney’s missteps have drawn extensive mockery in Britain and public consternation from both Republicans and Democrats in the United States, and his campaign advisers were at a loss Friday to put a positive spin on the story — other than to look ahead to the next two stops on his tour.

…. As a result, there is now immense pressure on him to find better footing in Israel and Poland…

… in the absence of any new biographical narrative or policy pronouncements, the media coverage of Romney’s trip has centered on his Olympics gaffe — and the result has been brutal for the candidate.

Even some Republicans acknowledged the damage Romney’s comments had caused. “You have to sort of shake your head,” former George W. Bush strategist Karl Rove said Friday on Fox News. But Rove said he did not think it was “a big deal,” adding that Romney “walked it back adroitly, but nonetheless the damage was done.”

More here

Cagle

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Gallup: While Republicans may look favorably on Romney’s visit to Israel, another group with keen interest in U.S.-Israeli relations — Jewish Americans — solidly backs Obama in the election.

Gallup Daily tracking from June 1-July 26 finds Jewish registered voters favoring Obama over Romney by 68% to 25%. That is essentially the same as Gallup’s prior update on Jewish voting preferences.

Although one goal of Romney’s Israel visit could be to attract greater support among Jewish voters in the U.S., Jewish Americans have been a traditionally strong Democratic group, so they are unlikely to become much more supportive of Romney regardless of the outcome of the trip.

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Morning everyone 😉

18
Jul
12

Coming up

11:50: Michelle Obama joins elected officials to announce public and private sector commitments for her Let’s Move! initiative in Pennsylvania (CNN live streaming)

12:30: Jay Carney briefs the press (White House live)

2:25: President Obama honors the 2012 NCAA Women’s Basketball Champion Baylor Bears (White House live)

4:15: Michelle Obama is briefed on tornado recovery by local officials in Birmingham, Alabama and meets children affected by the storm (CBS live streaming)

5:40 President Obama attends a campaign event at The Mandarin Oriental Hotel (Closed press)

6:00: Michelle Obama delivers remarks at a campaign fundraising event in Birmingham

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Steve Benen: In 2008, Latino voters overwhelmingly supported Barack Obama over John McCain, siding with the Democrat by a 36-point margin, 67% to 31%, according to exit polls. The president won’t be able to improve upon this, will he?

Actually, he might. Latino Decisions released a new poll this morning, pointing to an even larger gap between Obama and Republican Mitt Romney, with the president leading 70% to 22%. It’s the first time in nearly two years of Latino Decisions polls that Obama has reached this level of support.

More here

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Chat away 😉

09
Mar
12

evening all

March 9: A volunteer signs up for shifts at the opening of the new field office in East Las Vegas, Nevada

Here

March 9: A supporter left a message for President Obama on the wall of a Florida field office.

Flickr

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Brad Plumer (Washington Post): There’s quite a bit of good news – and very little bad – in February’s jobs report …. The U.S. economy added 227,000 jobs last month …. And there were even more encouraging signs in the data revisions for previous months…..

Some of the broader indicators are encouraging, too …. There are also some reasons to think this recovery can sustain itself through 2012. Ever since the recession ended in mid-2009, the U.S. private sector has been consistently hiring workers. It’s just that the public sector has been hemorrhaging employees – around 500,000 government layoffs since Obama took office. But that trend finally appears to be winding down…..

The U.S. economy is still in a large hole. Right now, we’re adding around 250,000 jobs per month. If that trend keeps up, it’s enough to get us to 8 percent unemployment by election day. That would bode well for President Obama’s reelection chances. But 8 percent unemployment is still unnervingly high ….  but, for now, the economy looks to be in decent shape. As Justin Wolfers sums it up, “Let’s call it a recovery.”

Full article here

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WSJ: New York City employers in January added the highest number of jobs in a single month in 23 years, according to new figures released Thursday.

Some 31,200 jobs were added in the month, according to a seasonally adjusted analysis of new state Labor Department figures.

“It is an understatement to say that these gains exceeded all expectations,” said Barbara Byrne Denham, chief economist with the real-estate services firm Eastern Consolidated, who conducted the analysis.

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Paul Krugman never fails to amuse. Here he is today, trying – through gritted teeth – to sound pleased about the jobs’ news:

“OK, definitely a better jobs report than we have become used to. And terrific news for Obama; another six months of news like this and he’ll be in very good shape for reelection.

But still, this was just equivalent to an average month during the Clinton years. And we’re still a long way from full employment.”

(1) Full employment is, usually, defined as 3% unemployment …. so, you have to go back to Eisenhower in 1956 for ‘full employment’ in America. That, then, is the shiny new standard Krugman is holding PBO to. Seriously, you couldn’t make this stuff up.

(2) Does Krugman, a Nobel Prize-winning economist, truly forget the state of the economy when PBO came to power? Or is he just, eh, forgetful about the facts?

(3) Will Krugman ever find it in his heart to forgive PBO for beating Hillary Clinton to the nomination?

Hillary has. Maybe it’s time for Krugman to move on?

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President Barack Obama talks on the phone with President-elect Vladimir Putin of Russia while aboard Air Force One en route to Richmond, Va., March 9, 2012. Alice Wells, Senior Director for Russian Affairs, is seated at right. (Official White House Photo by Pete Souza)

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Washington Monthly

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March 9: Supporters in Alabama gathered with civil rights leaders past and present to mark the 47th anniversary of the march from Selma to Montgomery.

Flickr

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President Obama speaks at a campaign event at Minute Maid Park, Houston, March 9:

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First lady Michelle Obama gets hugs from a pre-schooler at the Penacook Community Center, March 9, in Concord, N.H.

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NYT: The fragile gains Republicans had been making among female voters have been erased, a shift that has coincided with what has become a national shouting match over reproductive issues, potentially handing President Obama and the Democrats an enormous advantage this fall.

In the 2010 congressional midterm elections, Republican candidates ran evenly with Democrats among women, a break with long-established trends. That was a major reason the GOP regained control of the House.

Now, female voters appear to be swinging back to Democrats …. When the Wall Street Journal/NBC News survey asked last summer which party should control Congress, a slim 46-42 percent plurality of women said it should be the Democrats.

But in a survey released Monday, compiling polling since the beginning of the year, that figure had widened considerably to a 15-point advantage for the Democrats

More here

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Cagle

01
Mar
12

afternoon all

President Obama shakes hands with a supporter after speaking about energy and energy independence at Nashua Community College in New Hampshire

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Charles Pierce: NASHUA, N.H. …. After several months of watching the Republican primary process, I can’t tell you what a cool breeze it was to watch a politician who looks at a crowd and doesn’t see a group of potential marks (Romney), a collection of your fellow Elect marching with you through the dystopic Sinai that is America (Santorum), a gaggle of goldbugs (Paul), or the class of half-bright sophomores that N. Leroy Gingrich sees every time he looks anywhere but into the mirror.

Barack Obama is not stiff. He is not bristling with unbridled id. He grins. He kids people, even the people who faint at the beginning of his speeches …. He is relaxed about the job of politics. He is the only president of the United States – real or prospective – that I’ve seen in months.

…. He talks about the challenges Americans face, but he doesn’t do it in the gloom-ridden, stalactite-festooned, minor-key funeral mass context that the Republicans talk about them. He talks in terms of “boundless ingenuity” and “unbridled optimism.”….

More here

Woot, even the ever-grumpy and ever-brilliant Charles Pierce sounds happy today!

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Bloomberg: The number of Americans filing first-time claims for jobless benefits fell to a level matching a four-year low, more evidence the labor market is healing.

Applications for unemployment insurance decreased 2,000 in the week ended Feb. 25 to 351,000, Labor Department figures showed today…..

Firing is on a downward trend as employers gain confidence in the outlook for economic growth. A smaller number of job reductions also puts those companies in place to hire additional employees as demand picks up.

More here

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Steve Benen: …. here’s the chart, showing weekly, initial unemployment claims going back to the beginning of 2007:

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PPP: There might not be any state that better represents Barack Obama’s improved fortunes in the opening months of 2012 than Wisconsin. When we polled there in late October Obama’s approval was a 44/51 spread and he led Mitt Romney by only 3 points at 46-43, representing a much closer race than the state had in 2008. Now those numbers have shifted significantly, with Obama’s approval basically flipping to 52/44. And he now leads Romney 53-39, a 14 point margin that matches what he won against John McCain there.

Obama’s 14 point lead in Wisconsin matches a trend we’re seeing in both our national and state polling across the country right now: Obama/Romney is starting to look more and more like Obama/McCain, or even something more friendly to the President.

More here

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The Atlantic

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Jerusalem Post: Poll finds vast majority of Israelis against unilateral military strike on Iran, Israeli Jews prefer Obama over all republican rivals …. The survey also polled Jewish Israelis’ feelings on the US presidential race, with respondents preferring President Barack Obama to all his Republican rivals.

More here

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Buy a mug today in honor of the Sheriff 😉

OFA

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Our Founding Elitists:

ET’s Right Turn:

The Week

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Ruy Teixeira (TNR): Judging from recent headlines, things are looking up for President Obama. The Republican presidential nominees have been serially embarrassing themselves; the White House communications department has successfully focused its messaging on jobs and economic fairness; and consumers are feeling ever more confident about the economy.

But it’s not just anecdotal evidence that suggests Obama’s re-election chances have improved – most of the polling data suggests the same. Obama has been running consistently ahead of his most likely challenger, Mitt Romney, in national polls – by an average of 4 points according to the Pollster.com website. Indeed, the closer you look at the numbers, the more reassuring the news: Obama, it seems, is well on his way to reconstructing the very coalition that elected him in 2008.

More here

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National Memo: In this Citizens United era of unregulated campaign cash, gay activists and donors are finding innovative ways to reward Barack Obama, who despite his equivocation on marriage equality is often lauded as the greatest friend to the LGBT community of any president in American history.

The reemergence of social issues on the presidential campaign trail, coupled with the reversal of the Don’t Ask, Don’t Tell policy that prevented gays and lesbians from serving openly in the military, has helped Obama improve his standing with this key segment of the liberal base, a vital source of campaign funds for any Democrat running a presidential campaign.

“This kind of Republican campaign has mobilized the community like I haven’t seen since 1992,” said David Mixner, a veteran progressive strategist Newsweek once called the most powerful gay man in America. “There’s a lot at stake. I have no doubt people will be involved in some way in Super PACs. You can count on the major donors of this community doing whatever they have to do to assist in the re-election of this president.”

More here

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25
Feb
12

chat away

OFA

02
Jan
12

rise and shine

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US News: She’s best known as America’s First Mom, the First Beekeeper, and Veggie Gardener-in-Chief. But first lady Michelle Obama is also getting quite a name in military circles: First Booster for the troops. “Certainly other first ladies and presidents have taken an interest,” says Joyce Raezer, executive director of the National Military Family Association. “But to make supporting military families [a priority], and not just to make it one of the things you do, this is a game-changer,” adds an appreciative Raezer.

Often teamed with her lieutenant, Jill Biden, the vice president’s wife, Obama has organized and attended more events for and with military veterans and their families than any previous first lady, according to veterans groups. This year alone, for example, she’s participated in 50 events, many out of the eye of the media, and even dedicated the White House Christmas tree to supporting veterans. “There is this sense that this is genuine,” says Raezer. “We haven’t had this kind of visibility from the White House – ever.”

Full article here

Thanks Donna

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President Obama and his family will leave Hawaii early Monday evening, the White House announced Sunday, bringing their Christmas vacation to an end.

The first family will depart Joint Base Pearl Harbor-Hickam in Honolulu at 5 p.m. local time (that’s 10 p.m. back in Washington). They’re expected to land at Joint Base Andrews on Tuesday morning.

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Mediaite: In an interview with Candy Crowley on CNN’s State of the Union on Sunday, Ron Paul slammed the 1964 Civil Rights Act, saying it “undermined the concept of liberty” and “destroyed the principle of private property and private choices.”

“If you try to improve relationships by forcing and telling people what they can’t do, and you ignore and undermine the principles of liberty, then the government can come into our bedrooms,” Paul explained. “And that’s exactly what has happened. Look at what’s happened with the PATRIOT Act. They can come into our houses, our bedrooms our businesses … And it was started back then.”

More here

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Morning everyone 😉

29
Dec
11

rise and shine

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Washington Post: President Obama holds a wide lead among Hispanic voters when matched against potential Republican challengers, even as widespread opposition to his administration’s stepped-up deportation policies act as a drag on his approval ratings among that group, according to a new poll.

The survey, conducted by the Pew Hispanic Center, revealed a general-election weakness for Republicans among an increasingly influential voting bloc — with former Massachusetts governor Mitt Romney and Texas Gov. Rick Perry each winning less than one-fourth of the Hispanic vote in hypothetical matchups against Obama.

Obama leads Romney by 68 percent to 23 percent and Perry by 69 percent to 23 percent among Hispanic voters, with a margin of error of plus or minus 5.2 percentage points for the sample.

More here

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Bloomberg: Fewer Americans filed applications for unemployment benefits over the past month than at any time in the past three years, a sign the U.S. labor market is on the mend heading into the new year.

The four-week moving average for claims, a less volatile measure than the weekly figures, dropped to 375,000 last week, the lowest level since June 2008, Labor Department figures showed today in Washington. Applications rose for the first time in a month in the week ended Dec. 24, climbing by a more-than- forecast 15,000 to 381,000.

The jump in claims last week may say more about their volatility during this time of year than about the state of the job market …. Their recent decline has stoked speculation the world’s largest economy was on the cusp of showing bigger gains in employment.

Full article here

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Morning everyone 😉

I’m hoping normal service will be resumed either this evening or tomorrow – thank you for your patience!

20
Dec
11

honest, i tried to find some bad news….

CNN: President Barack Obama’s approval rating is on the rise …. In a CNN/ORC International Poll out Tuesday 49% of Americans approve of the job Obama’s doing in the White House, up five points from last month, with 48% saying they disapprove, down six points from mid-November …. The 49% approval rating is the president’s highest since May, when his number hit 54% thanks to a bounce following the killing of Osama bin Laden.

More here

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Greg Sargent: Yesterday the Washington Post released some new poll data …. it showed President Obama holds a 15 point advantage over Republicans on helping the middle class, and a 17 point edge among independents on the traditional GOP signature issue of taxes.

It would be premature to place too much stock in one poll. But CNN has just released a new survey with equally striking findings – ones that suggest that Obama’s new populist offensive, including the pressure on Republicans over the payroll tax cut, is working, and winning back middle class voters in big numbers.

More here

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Chris Cillizza: President Obama’s resurgence in a new Washington Post-ABC News poll is built in no small part on a growing sentiment in the electorate that he is fighting for the middle class. Asked who they trust more to protect the middle class, 50 percent of respondents chose Obama while just 35 percent named “Republicans in Congress”.

That’s the widest margin the President has enjoyed in Post-ABC polling on that question since December 2010 and is a vast improvement from an early November survey in which Obama had just a four-point edge over Republicans on the “protecting the middle class” question.

Dig deeper into the numbers and it’s clear that the President’s middle class messaging is resounding in the critical center of the electorate. Among independents, 49 percent trust Obama more to look out for the middle class while 32 percent side with congressional Republicans. Self described moderates opt for Obama by a wide 58 percent to 26 percent margin.

More here

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CNN: President Barack Obama’s numbers are on the rise in two important indicators of his reelection chances …. A CNN/ORC International Poll out Tuesday indicates the president’s margins have increased against five possible Republican presidential challengers in hypothetical general election matchups….

…..  Obama leads Mitt Romney 52%-45% …. Romney held a 51%-47% margin over the president in last month’s survey….

…… Newt Gingrich doesn’t fare as well against the president with Obama up by 16 points, 56% to 40%. Last month Obama led Gingrich 53%-45%.

More here

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The Jewish Daily Forward: Top-level Jewish fundraisers from President Obama’s 2008 campaign are sticking with the president in 2012.

Despite reports that President Obama faces a loss of Jewish funders due to his Middle East policy, analysis of a list of elite bundlers from his 2008 race shows no defections among the president’s top Jewish supporters in 2012.

In 2008, Obama’s elite “bundlers” – fund raisers who collected more than $500,000 each for the president’s campaign – included many prominent Jews …  all of them have returned on the 2012 campaign’s list of volunteer bundlers, or are confirmed to be fundraising for the campaign. And a handful of new prominent Jewish bundlers has joined the elite group this year for the first time.

More here

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Business Insider

Business Insider

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Washington Post: Unemployment rates fell in 43 states in November, the most number of states to report such declines in eight years.

The falling state rates reflect the brightening jobs picture nationally. The U.S. unemployment rate fell sharply in November to 8.6 percent, the lowest since March 2009. The economy has generated 100,000 or more jobs five months in a row – the first time that’s happened since 2006 …. The drop in unemployment rates in 43 states marked the most number of states to show declines since October 2003.

More here

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WSJ: The Obama administration has approved a pair of renewable energy projects being developed on public lands in Arizona and California.

Interior Secretary Ken Salazar said Tuesday his department has approved a 300-megawatt solar farm southwest of Phoenix and a 186-megawatt wind farm east of San Diego.

….. The latest projects are the 24th and 25th renewable energy projects on public lands approved in the past two years….

More here

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White House: House Republicans are refusing to extend the payroll tax cut, which expires on December 31. If it does, taxes will go up for 160 million working Americans. Nearly everyone – from President Obama to Congressional Democrats to Republicans in the Senate – is committed to making sure that doesn’t happen, but a faction in the House is dragging their feet….

…. What does $40 mean to you? What will you and your family have to cut or go without if Congress refuses to pass the payroll tax cut? Here are some of the stories we’ve collected so far. Tell us your own story here, or tweet @WhiteHouse with the hashtag #40dollars, to help us add to the list.

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22
Nov
11

welcome, mr president

President Obama at Manchester High School Central, N.H., Nov 22

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….. ‘drumming’ along to the music after his speech

….. receiving a drawing from a child after his speech

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Mitt Sees the Light:

27
Oct
11

rise and shine

NYT: … Despite a school of thought in Washington that Mr. Obama’s support among blacks has weakened because of the poor economy and a sense of unmet expectations, interviews and public opinion surveys show that his standing remains remarkably strong among African-Americans.

….Some believe the president will be hard-pressed to reproduce those (2008) results, with a political narrative emerging in Washington that African-Americans have begun to sour on the president. Various black leaders – including Representative Maxine Waters of California, the television host Tavis Smiley and Cornel West, a prominent professor – have criticized Mr. Obama for what they see as not doing enough for black Americans…

Outside Washington, however, the story is markedly different. Mr. Obama’s support among African-Americans appears strikingly strong, even among many who are out of work, who might be expected to complain the loudest.

In a recent Pew Research Center poll, black voters preferred Mr. Obama 95 percent to 3 percent over Mitt Romney, “which is at least the margin he got in 2008,” said Michael Dimock, associate director for research at Pew. “There’s no erosion at all.”

Even more noteworthy, less than 10 percent of black voters in a New York Times/CBS News survey taken last month said that Mr. Obama had failed to meet their expectations as president, while nearly 3 in 10 said he had exceeded expectations…

…. Sitting in a chair at the Ultimate Choice Barber Shop in Charlotte, Brian Gainey, 28, a truck driver, initially hesitated when asked if he was going to vote again for Mr. Obama. “Yes,” he said finally, adding: “I’d almost like to see someone else win though. Maybe then they’ll see how much better Obama was than whoever will come after him.”

To Lemar Foster Jr., 48, a barber at Ultimate Choice, the Obama family epitomizes a bigger cultural change. …. “ … having the Obamas in the White House?” he asked. “Yeah, I’m very proud. And I’m definitely voting for him again.”

Full article here

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Bloomberg: President Barack Obama’s “tsunami” of new government regulations looks more like a summer swell.

Obama’s White House has approved fewer regulations than his predecessor George W. Bush at this same point in their tenures, and the estimated costs of those rules haven’t reached the annual peak set in fiscal 1992 under Bush’s father, according to government data reviewed by Bloomberg News.

…. The scope of government regulation has emerged as a major issue in the 2012 presidential race and on Capitol Hill. Republican presidential candidates have accused Obama of stifling job creation by imposing rules on businesses, and House Republicans have vowed to rein in proposed regulations on everything from the environment to health care to banking.

….. Obama’s White House approved 613 federal rules during the first 33 months of his term, 4.7 percent fewer than the 643 cleared by President George W. Bush’s administration in the same time frame….

Full article here

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Today:

12:00 PM: Michelle Obama delivers remarks at a Democratic National Committee luncheon in Jacksonville, Florida

3:10 PM: President Obama holds a bilateral meeting with Prime Minister Petr Necas of the Czech Republic

3:30 PM: Michelle Obama delivers remarks at a DNC reception in Tampa, Florida

5:05 PM: The President greets city and municipal leaders from across the country

6:45 PM: The President has dinner with winners of a campaign contest

7:00 PM: Michelle Obama delivers remarks at a DNC reception in Ft. Lauderdale, Florida

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Robert Shrum: Critics berate the president for taking his inspiring new progressive message to the American people. But it’s the critics who ought to be ashamed

The president must be doing something right. He’s now getting advice (from all the wrong quarters) that he ought to stop standing up for the people, not the privileged. Of course, such arguments largely rest on pre-cast assumptions and self-serving calculations.

…. New York Times columnist David Brooks, on the other hand, sounds agonized and genuinely disappointed as he mourns Obama’s passage from compromising to fighting for progressive values….. Brooks contends that instead of fighting such battles, Obama should “champion a Grand Bargain strategy.” When he did just that this summer during the debt-ceiling fight, the Republicans wouldn’t meet the president even a quarter of the way….

…. So fight on, Mr. President. You’re renewing your voice and your vision, and America is beginning to hear you again as it did in 2008….

As long as you keep fighting, the critics will keep complaining. Every time they do, think of Harry Truman in 1948, written off, facing a “do-nothing Congress,” assailed for class warfare, but clear in purpose and in principle. And think of what he promised as he came to the podium of a weary and worried Democratic convention: We “will win this election and make these Republicans like it — don’t you forget that…The reason is the Democratic Party is the people’s party, and the Republican Party is the party of special interest, and it always has been and always will be.”….

Full article here

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Steve Benen: By most measures, the third quarter – July through September – wasn’t pretty. The Eurozone crisis intensified; the debt-ceiling scandal rattled investors; and Republican intransigence generated a downgrade in U.S. debt. Talk of a “double-dip” recession was ubiquitous.

But as it turns out, the U.S. economy muddled through anyway. The Commerce Department released its report this morning showing that the nation’s gross domestic product rose at 2.5% annual rate in the third quarter. It’s the strongest economic growth in a year, and a marked improvement over the anemic growth we saw in the first two quarters (January through June).

Indeed, economic growth in the third quarter was nearly double the rate seen in the previous quarter.

That said, it’s important to note that 2.5% GDP growth is hardly great news. It’s a clear improvement relative to the first half of 2011, but as Neil Irwin put it, we’re still dealing with “the diminished economic expectations of the post-crisis age.”….

I mention this in part because, while faster economic growth is encouraging, policymakers and pundits would be making a tragic mistake if they saw today’s numbers as an excuse for inaction….

Full post here

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Gallup

Thanks VC




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