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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: Sr K who wrote (108795)2/3/2012 9:17:41 AM
From: RetiredNow  Read Replies (3) | Respond to of 149317
 
Not yet. I see good news and then I see bad news side by side. Example:
* great unemployment report today. Awesome jobs growth and lower unemployment rate.
* on the other hand, the labor pool dropped as 1.2M people stopped looking for work! so if the unemployment rate is decreasing mainly because people are no longer looking for work, then that means lower tax revenues, higher deficits and debt, and a poorer long term economy.

So we really need to pay attention to the underlying economy, not just the headline news. I'm on the fence right now. The flood of good news in Jan is starting to sway me, but I'm not convinced just yet.