Found on the Internets …
Well, of course there are probably some Republicans who are glad that the economy is doing well (perhaps as a sign that the trickling down that started in 1981 is finally reaching ordinary Americans????) … but in general terms Eric Boehlert is right: this is NOT good news for those who are willing to destroy the economy to bring down President Obama.
Here are the cold hard facts.
The White House: Third Estimate of GDP for the Third Quarter of 2014
Real gross domestic product (GDP) grew 5.0 percent at an annual rate in the third quarter of 2014-the strongest single quarter since 2003-according to the third estimate from the Bureau of Economic Analysis. While quarterly growth reports are volatile, and some of the growth in Q3 reflected transitory factors, the recent robust growth data indicate a solid underlying trend of recovery. Indeed, the strong growth recorded in each of the last two quarters suggests that the economy has bounced back strongly from the first-quarter decline in GDP, which largely reflected transitory factors like unusually severe winter weather and a sharp slowdown in inventory investment. Consumer spending, business investment, and net exports all remained positive contributors this quarter. Real gross domestic income (GDI), an alternative measure of the overall size of the economy, was up 4.7 percent in Q3.
More Americans still disapprove of the job Obama is doing as President. But at 48%, Obama’s approval rating is at its highest point in CNN polling since May 2013.The gains were driven by newfound backing among women, independents and millennials – groups where Obama’s approval numbers jumped 10 percentage points from a month ago. […]
Tuesday’s CNN/ORC poll showed for the first time in seven years, a majority of Americans – 51% – have a positive view of the economy, a sharp increase from the 38% who felt that way in October.
1.9 Million Americans Sign Up For Obamacare, 4.5 Million Renew Coverage
Health and Human Services Secretary Sylvia M. Burwell says health care sign-ups are off to an encouraging start, but a lot of work is still needed to make the second open enrollment season for the federal insurance market a success.
Burwell says 1.9 million new customers have picked a plan through the federal market as of Dec. 19. It serves 37 states.
Another 4.5 million have renewed existing coverage, with most automatically re-enrolled.
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