» Politics and other things

  1. Vitalogy

    U.S. consumer confidence rose in October to its highest level since October 2007 as views on the job market improved, according to a private sector report released on Tuesday.

    The Conference Board, an industry group, said its index of consumer attitudes rose to 94.5 from a upwardly revised reading of 89.0 the month before. Economists had expected a reading of 87.0, according to a Reuters poll.

    September's reading was originally reported as 86.0.

    "A more favorable assessment of the current job market and business conditions contributed to the improvement in consumers' view of the present situation," Lynn Franco, director of economic indicators at The Conference Board, said in a statement.

    The expectations index rose to 95.0 from a revised 86.4 in September, while the present situation index rose to 93.7 from a revised 93.0.

    Consumers' labor market assessment improved. The "jobs hard to get" index declined to 29.1 percent from a revised 29.4 percent the month before, while the "jobs plentiful" index rose to 16.5 percent from a revised 16.3 percent.

    Posted on October 30, 2014 - 08:51 PM #
  2. Vitalogy

    The American economy had a smooth summer.

    Gross domestic product increased 3.5% between July and September, according to the U.S. Commerce Department. It exceeded analysts' expectations and offered more proof of an economy gaining momentum.

    "This is a good number," says Jay Bryson, global economist at Wells Fargo Securities in Charlotte, N.C. "The economy has a fair amount of momentum."

    Analysts had only projected GDP growth to hit 3% this quarter, according to data from FactSet.

    The GDP report reflects a widely held view that employment is picking up. More jobs means higher incomes and spending, economists say.

    Consumer spending is the largest factor for U.S. economic growth, and it rose 1.8% in this quarter, a slight drop from the same time a year ago, but better than the bleak first quarter this year.

    The GDP report shows some bright spots. Government spending, often lagging behind in the recovery, hit its highest quarterly mark since 2009. Exports also showed a healthy gain in the third quarter compared to the same time a year ago.

    "When you look at the underlying pace of the economy, we should continue to see solid numbers going forward," says Bryson. "The government won't be a drag on growth."

    Posted on October 30, 2014 - 08:53 PM #
  3. Vitalogy

    Waiting for Herb to discount the above facts.

    No comment old man?

    Posted on October 30, 2014 - 09:36 PM #
  4. jerry1949

    Then we can expect the party in power to be well rewarded next week for our booming economy.

    Posted on October 30, 2014 - 11:10 PM #
  5. missing_kskd

    Like last time?

    We've got one party who seems to make those rewards evaporate rather quickly, and we've another one known for securing them. Funny how that works isn't it?

    Posted on October 31, 2014 - 03:11 AM #
  6. missing_kskd

    Regarding that "jobs up, paychecks not" tag.


    You, whoever you are, are completely right about it too. Wage growth is a necessary component of a real move to prosperity, not just recovery mode like we are in.

    The big companies and many small to mid sized businesses are doing well. Very well, depending.

    So now that we've got things moving, it's time to seriously discuss wage growth. Two different issues.

    None of that diminishes the good news presented here.

    I will remind you though. We've got one party willing to entertain wage growth policy, and who has made appointments backing that idea up, and we've got another party perfectly willing to make them even lower.

    May I suggest you vote your best interests? I'm going to. And it's not gonna be for the clowns looking to make the wage situation any worse.

    Posted on October 31, 2014 - 03:15 AM #
  7. duxrule

    "Then we can expect the party in power to be well rewarded next week for our booming economy."

    Bingo! You've finally figured it out. The GOP is going to get trashed on 11/4.

    Posted on October 31, 2014 - 05:38 AM #
  8. Vitalogy

    Stock Market closes at record high.

    If Obama is soooooo bad, why is the stock market at an all-time high?

    Posted on October 31, 2014 - 02:57 PM #
  9. Andrew

    C'mon, Vitalogy: USE YOUR HEAD!

    Obama is rigging the stock market to try to help Democrats hold on to the Senate - OBVIOUSLY, just like he's manipulated the unemployment numbers and lowered gas prices by secret executive order. (I hear he is preparing to declare Sharia Law right after the election as well - but obviously he's going to wait til after November 4.)

    Posted on October 31, 2014 - 03:43 PM #
  10. edselehr

    Andrew, don't you know? Obama is the most incompetent, bumbling, panty-waisted president in history. Except when he's the most tyrannical, powerful and cunning.

    It all makes sense if you read the proper websites.

    Posted on October 31, 2014 - 06:02 PM #