I wonder what the story will be if the polls will either tighten or even turn around in Mitt Romney's over the next few weeks, which is still clearly a possibility?
Thursday, September 27, 2012
Though I don't know much about her, I was impressed by what little I saw of Mayor Love during the Republican National Convention. I'm sorry that there are idiots or there attacking her in this way. It makes no sense and needs to stop. The only question I have is this:
Love believes she's being attacked like this because she opposes President Barack Obama. If that's true, why do I receive the same kind of hate mail?
One week before the all-important monthly unemployment report, economic indicators are muddled.
The manufacturing industry, which has helped to keep the economy afloat over the past couple of years, softened again last month with a sizable drop in durable-goods orders.
And the second quarter GDP figure was revised down to 1.3 percent from an expected 1.7 percent, though corporate profits showed a big rebound from the first quarter.
On the other side of the equation, there was a huge drop in initial weekly jobless claims, down to 359,000, pretty much the best level that has been recorded during this tepid recovery. But that's only one week. We'd have to see that number, and lower, for several weeks before it indicates a real speed up in hiring from the pace we've seen over the past 3 months.
And finally, real estate is showing some signs of life in the Myrtle Beach area and elsewhere. If that continues, it would be a real boon, because when housing is leading the recovery, growth tends to be stronger than when manufacturing does.
What does it all mean? We are still growing and there are signs that things might be picking up beyond what we've seen the past year, but hurdles remain.
Wednesday, September 26, 2012
From the piece:
If there's one thing the media won't tolerate for long, it's an unchanging media narrative. So the current story of the presidential campaign -- Obama sits on a lead that is modest but increasingly comfortable, thanks to a hapless Romney and a hapless Romney campaign -- should be yielding any moment to something fresher.