Bright spot - USA Today: Economists upping their forecasts for 2012

[janedrake]

http://www.usatoday.com/money/economy/st...titialskip

Given the current zeitgeist around the state of the economy, it is heartening to see this in the news today:

Quote:"The U.S. economy will grow faster than expected this year, despite the headwinds of higher gas prices and Europe's financial crisis, according to USA TODAY's quarterly survey of economists....

The economy is strengthening enough that two-thirds expect the Federal Reserve to raise interest rates sooner than its late-2014 target, although none expects it to happen at this week's Fed meeting Tuesday and Wednesday.

The biggest reason: Consumers have bought more vehicles and gone out to eat more often, even though gas prices had been expected to make them spend less, says Jeff Rosen, an economist at Briefing Research in Chicago.

"Things are getting better," Rosen says. "The economy is picking up and hiring is going to be on the rise."

[jaxx]

That is great news!

The noise you hear is the GOP gnashing their teeth.

[NJMaverick]

(04-23-2012 09:39 AM)jaxx Wrote:  That is great news!

The noise you hear is the GOP gnashing their teeth.

More like the sound of their their forked tongues spewing out lies that try and spin good news into bad

[MilesColtrane]

...working on that.

We'll continue to see gas and oil prices climb before the election in an effort to weaken the economy and President Obama. (It will be blamed on "market forces" and "speculators")

By sheer coincidence (un huh), the opposite happened before the 2008 election when the Republicans held the White House. Gas prices were manipulated downward in an effort to make the GOP party brand and McCain, by association, look good.




Those punks and their tactics are sooo transparent.