- Apr 30, 2012
- 4,825
- 4,428
As opposed to the predictions of the complete economic collapse of the United States predicted by the right wing, the economy is shaping up nicely for the mid-term elections.
The economy is on a return to pre-Bush levels. We would see stronger growth this coming quarter if it were not for the sequester. Republicans will have no choice but to run on a "look at this scandal" ticket, rather than real issues affecting the middle class voter.
"Times have changed since 2010. Barring a fresh crisis — and there are certainly a few that could arise — many economists expect growth to return to a fairly healthy level by next year as house prices and the stock market continue to rise and the jobless rate falls closer to its historic average of 5.8 percent.
(Also on POLITICO: Democrats ask: What debt crisis?)
The federal deficit is around half the size it was...)
Consumer confidence this week hit a level not seen since the financial crisis rocked the economy in 2008. And economists say there is enough time between now and when voters go to the polls next November for the improvements to actually be felt throughout the economy. Even conservative economists predict somewhat stronger growth next year, while left-leaning forecasters are borderline giddy.
“The fact is the economy is probably going to look and feel very good next year,” said Ian Shepherdson of Pantheon Macroeconomics. “The most likely outlook for Obama and the Democrats is pretty good growth and employment rising strongly. If you step back and look at it, it’s a hugely favorable scenario for them.”
Read more: http://www.politico.com/story/2013/05/2014-election-economy-92053.html#ixzz2UuzwYANI
The economy is on a return to pre-Bush levels. We would see stronger growth this coming quarter if it were not for the sequester. Republicans will have no choice but to run on a "look at this scandal" ticket, rather than real issues affecting the middle class voter.
"Times have changed since 2010. Barring a fresh crisis — and there are certainly a few that could arise — many economists expect growth to return to a fairly healthy level by next year as house prices and the stock market continue to rise and the jobless rate falls closer to its historic average of 5.8 percent.
(Also on POLITICO: Democrats ask: What debt crisis?)
The federal deficit is around half the size it was...)
Consumer confidence this week hit a level not seen since the financial crisis rocked the economy in 2008. And economists say there is enough time between now and when voters go to the polls next November for the improvements to actually be felt throughout the economy. Even conservative economists predict somewhat stronger growth next year, while left-leaning forecasters are borderline giddy.
“The fact is the economy is probably going to look and feel very good next year,” said Ian Shepherdson of Pantheon Macroeconomics. “The most likely outlook for Obama and the Democrats is pretty good growth and employment rising strongly. If you step back and look at it, it’s a hugely favorable scenario for them.”
Read more: http://www.politico.com/story/2013/05/2014-election-economy-92053.html#ixzz2UuzwYANI