Anyone remember how Clinton got into office and Bush Sr got booted out to begin with? Yep, the economy. 9 months before the election Bush was the most popular president in history. Then people became unhappy with the economy and elected Clinton. We sure have good news on that front. From CNN (is there a MORE liberal news agency?):
Industrial output jumps in Jan.
NEW YORK (CNN/Money) - U.S. industrial output rose in January, driven mainly by a surge in output from utilities in response to cold weather, the Federal Reserve said Tuesday, in a report that edged Wall Street forecasts.
Industrial production rose 0.8 percent after being flat in December, according to the Fed, which also said factories, mines and utilities ran at 76.2 percent of capacity in the month, compared with 75.6 percent in December.
New York factory sector jumps
N.Y. Fed's index of regional manufacturing posts surprising gain to a record high.
NEW YORK (Reuters) - Factories in New York state saw business conditions improve for the 10th month in a row in early February, in line with a pick-up in the manufacturing sector across the United States, a survey said Tuesday.
The Federal Reserve Bank of New York said the business conditions component of its two-year-old Empire Manufacturing Survey rose to a record high of 42.05 from a revised 38.85 in January.
Economists, on average, expected the index to fall to 36.4, according to Briefing.com.
The Fed said respondents in the New York area reported improved conditions and continued optimism,
with nearly all those surveyed expecting conditions to be the same or better in six months' time.
Payrolls expand for a fifth straight month, but gain of 112,000 below estimates; jobless rate falls.
NEW YORK (CNN/Money) - U.S. payroll employment continued to slowly improve in January, the government said Friday, in a report that disappointed Wall Street's hopes for a more vigorous recovery.
But the unemployment rate fell again, to its lowest level in two years, leaving a long-standing economic mystery unresolved -- is the labor market on the road to a full recovery, typical of past expansions, or will structural changes in the economy keep job growth anemic?
Remember - unforetunately, the American public has a PAINFULLY short memory. It'll be what is happening in the last couple months before the election that'll decide the outcome - not what's happening today.
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