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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (645546)2/15/2012 11:12:23 PM
From: puborectalis  Read Replies (3) of 1573852
 
In January, 243,000 jobs were created. The number surprised investors and economists, but it was part of a stream of solid economic data: over the last few months, consumer confidence has gone up, Americans have spent more on big-ticket items like cars and there is even evidence that the housing market has begun to rebound. Before the job numbers came out, most economists were expecting around 2.5 percent G.D.P. growth this year. Those forecasts are liable to be revised upward now, perhaps to about 3 percent.

Americans seem to have noticed the change. By early February, Obama’s approval rating had climbed to 49 percent in the Real Clear Politics average, a six-point improvement from three months earlier. Although it’s not a terrific approval rating, it may be enough to get Obama another term. In 2004, George W. Bush won a narrow victory with essentially identical metrics: G.D.P. growth of 2.9 percent and an approval rating of about 48 percent on Election Day.

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