Friday, December 7, 2012

Economy improving

The U.S. economy added 146,000 jobs in November, and unemployment fell to 7.7% -- down .2% from October and the lowest in rate four years.   Housing prices are up.  The economy grew at a solid 2.7% annual rate for the July-September quarter.

Things are definitely looking up.  Even with the uncertainty of the fiscal cliff looming.  Either they will come to some agreement or they'll fix it afterward, which wouldn't be hard if the political will is there.

The biggest stumbling block is that the Republicans don't get it that they lost the election and they do not have the clout to continue obstructing progress.   Judging from Aunt Minnie's miscalculation yesterday, they've entered the season of making stupid mistakes.

Ralph

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