Rising U.S. economy could help Democrats stave off election loss

Reuters ^ | May 12, 2014 | BY RICHARD COWAN

[Oldeconomybuyer]

Here's a riddle: Many Republicans deny it's happening. Some Democrats don't want to talk about it. What is it?

The answer is the growing U.S. economy, on pace to expand as much as 3.5 percent this year, about the best performance in the industrialized world. Unemployment has fallen from 10 percent to about 6.3 percent and consumer confidence is at a six-year high.

Better economic data could help persuade voters in November to look past President Barack Obama's weak approval ratings and his unpopular healthcare law and give Democrats enough lift to hold onto the Senate and limit their losses in the House, political strategists said.

[Eric in the Ozarks]

92 million Americans are jobless.
This article is whistling past the graveyard...

[tbw2]

One of our modern tragedies is that you get better reporting on the Benghazi situation, economics and political scandals from Pravda and Al Jazeera than NBC, CBS, etc.

[Orangedog]

The economy IS growing, and by a lot more than .1%. Maybe something like 2% this year.

By what measure? GDP? GDP is a meaningless made up number that is rigged to always overstate the growth of the economy.

[ExCTCitizen]

What BS...

[Lazamataz]

But, that’s no reason to deny that this economy is currently expanding and has been for years

Yes, it is expanding!

Provided, of course, you define 'expanding' as extremely higher inflation, with no salary increases to offset it; many new part-time jobs with an equivalent loss of full-time jobs; and a stock market that is higher because the dollar is devaluing. WHOO HOO! PARTY TIME!

[ripley]

“The equivalent of a two-year old with chocolate all over her face saying she didn’t eat that candy.”

They’re more like obnoxious, fifteen-year old, adolescent junior-high-schoolers.

IMHO

[Jack Hydrazine]

The rising economy is only happening to the richest counties in the US that surround the District of Criminals.

[Organic Panic]

Gaslightin pure and simple. When millions more are shifted to disability from unemployment an dropped from unemployment counts then we will really have good numbers.

[M Kehoe]

Mr. Cowan is whistling past the grave yard.

5.56mm

[old and tired]

Proof? Simple. Actual, collected withholding and income taxes are up about 7% year-over-year.

Yeah, but...the rate on the so called wealthy (over 250k) is way up. As is inflation thanks to massive government printing. Let's see if the collections are up next year as well.

On the bright side, corn prices are expected to keep dropping which means our gas will be cheaper when we have to buy more of it because of all the ethanol they're putting in the pump.

[IMR 4350]

“I think most folk are seeing through the lies by now...they’re out there seeing it firsthand every day, despite whatever BS the media is selling.”

I live in SE Texas.

Parts of Texas are booming, other parts are doing OK, other parts are in the dirt.

Overall Texas is doing OK. From what I’ve been told, this is exactly how it was in Texas during the Great Depression.

Even in Texas you can see the economy isn’t OK.

I can only imagine what people in other states are seeing.

[Cringing Negativism Network]

California is falling to pieces.

Just saying.

America needs to bring back jobs to America.

[wolfpat]

Is the economy really growing? Or is it that the dollar value of the produced goods are expanding due to inflation? I know the regime is saying that the inflation rate is about 1.5%.

That’s crap.

My grocery bill has doubled in the last 4 years. And I’m not buying as many groceries.

[Gaffer]

They’re more like obnoxious, fifteen-year old, adolescent junior-high-schoolers.

I'll give you that for sure. However, I was kinda thinking they're not that advanced. I mean 'beentheredonethat'.....the 15YOs are just plain devious.

I don't think these people are that smart. Devious, yes. Smart, no. Just persistent.

[tanknetter]

Bookmark

[sport]

The only place the economy is growing is in the imagine of the media.

[Iron Munro]

Now Entering REDOVERY SUMMER PHASE 6

[MrB]

And if it isn’t actually growing, they’ll just report that it is.

[IronJack]

So it will be imperative that the Democrats create the ILLUSION of a rising economy before fall. Look for a lie-storm from the media and an all-out assault on Truth from the lying Left (but I repeat myself).

[txrefugee]

Only if the GOP is stupid enough to let Karl Rove plan strategy for its candidates. If George Washington had hired Rove, he would have gone from Revolutionary War hero to farming in VA the rest of his life.