The U.S. unemployment rate has dropped to its lowest level in about four years. Real estate foreclosure filings fell last month to the lowest number since the summer of 2007. Meanwhile, the stock market has enjoyed a pretty nice 2012, with the
All around, there are overwhelming signs of an improved economy. At times it seems that only the sluggish response of government — both in Europe, where some countries remain perilously close to insolvency, and in the Congress, where lawmakers seem unable to agree on any fiscal policy longer than a few months in duration — is keeping a lid on global growth opportunities.
The recovery, albeit slower than many in the past but with more ground to make up than any downturn since the Great Depression, may be picking up a head of steam, even in the long-stagnant housing market. Yet all around, a sense of pessimism reigns. For many, the glass is not merely half empty; whatever contents it holds are assumed to be poisonous.
Take, for instance, the news this week that
Apparently, the record profits and bonuses Goldman's top managers accrued during the Obama term didn't result in much sense of gratitude. It's fine to blame joblessness on the
Meanwhile, Romney supporters like former
Let's try that: These Chicago guys will do anything. These Chicago guys will do anything??? Hmm, doesn't seem to change the meaning all that much.
One of the more amusing results of all this negativism is to watch some of the Republican governors try to support Mr. Romney's gloomy assessment while simultaneously touting their own accomplishments. Ohio Gov.
But the biggest purveyors of gloom and doom are surely the right-wing media. It was certainly challenging to find any evidence of the low September foreclosure rate on the