I’m gone for the rest of the day and most of the evening, possibly checking comments a couple times in the interim.
If anyone sees a press report calling a revised 5.5% drop in annualized GDP a positive or encouraging sign for the third full quarter of the POR (Pelosi-Obama-Reid) Economy, otherwise known as the POR Recession As Normal People Define It, I’d like to know about it.
Even given the press’s Obamalove, that doesn’t seem likely. That’s because, in a barometer I generally don’t look at much, weekly unemployment claims rose to 627,000. That only seems significant because I thought there had been a slight downward trend in previous weeks. The apparently Obama kool-aid-free Reuters link says that the news “deflate(s) labor rebound hopes.”