Economic Update Before The Election Looks Good For Obama

By: RayNov. 1st, 2012more from Ray

After listening to the radical Republicans say how bad the economy is, let’s look at the actual numbers that are coming out this week which show modest but steady improvement.

In a report by CNBC, “The private sector created a better-than-expected 158,000 jobs in October, while jobless claims edged lower and productivity rose about as much as expected.”

The jobless claims came in this week at 363,000, a number consistent with modest job growth.

U.S. October ISM manufacturing index rises to 51.7 from 51.5. Chrysler reported the best September since 2007, with a ten percent growth in sales.

The Institute for supply management shows modest growth in the economy. Consumer confidence also rose to 72.2, which is the best number since February 2008, showing once again you are feeling better than you did 4 years ago.

Finally, construction spending also rose 0.6%, which was also inline with expectations.

Yes, this is all good news heading into the election on Tuesday. The last data point will be in on Friday, which is the BLS’s job numbers. I am figuring a static number or a slight increase or decrease in the overall unemployment situation, nothing that is dramatic.

Economic Update Before The Election Looks Good For Obama was written by Ray for PoliticusUSA.

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8 Responses to Economic Update Before The Election Looks Good For Obama

j

Nov. 1st, 2012 at 3:56 pm

I really need the president to be re-elected and NOW, I don’t think my blood pressure can take much more, from Romney profiteering from the auto bailout,’to the nasty things arriving at my home in the mail from republicans and the never ending lies
it’s almost too much. Now I hear that 1000 early votes in a black neighborhood in Florida have been dropped I’m worrie3d that the rethugs are going to steal this!
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- Sarahthequitter
  
  Nov. 1st, 2012 at 5:39 pm
  
  J, I’m with you. I’m a nervous wreck. I still think this will end up being decided by The SCOTUS, and we know how that will end.
  
  VOTE and convince others to vote for The President, that’s my plan…
  What do you think? 0 0
  - bluerose
    
    Nov. 2nd, 2012 at 10:02 am
    
    me too, my entire family is addicted to the USA election, we live in Dubai and we all want President Obama to be re-elected, hopefully no one screws up the results.
    What do you think? 0 0
    - Shiva (Moderator)
      
      Nov. 2nd, 2012 at 10:41 am
      
      Thank you Dubai
      What do you think? 0 0
Churchlady

Nov. 1st, 2012 at 4:17 pm

The Southern Poverty Law Center Hate Watch reported that the hurricane has spawned incredible numbers of conspiracy theories from Obama’s using it to doctor these numbers to his having used various weather agencies to CAUSE the storm. Others are religion driven – it’s because of gays, our failure to obtain Israel for the End Times, etc.

One commentator – Reynadine, who some of us know – cut to the chase and declared this proved Obama is really Zeus.

I think that just covers it all. The improvements in the economy are all just global manipulation of an all-powerful god on Olympus – Zeubama.

Sigh.

You know – you cannot fix stupid.
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- Johnee
  
  Nov. 1st, 2012 at 4:25 pm
  
  Lol Does any of that crap that they spew really surprise you?
  
  BTW I don’t think Obama is Zeus; I think he’s Thor.
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Johnee

Nov. 1st, 2012 at 4:18 pm

Let’s hope the Obama campaign takes full advantage of these numbers when they are released on Friday.

They need to be used as a political weapon against the Romney campaign in no uncertain terms – showing the very positive upward trend in growth as compared to where we were 4 years ago.
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How I Feel

Nov. 1st, 2012 at 11:00 pm

Slow and steady is the road to real economic growth. I am pleased with this report!
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