There has been some good news lately concerning the economy but the people don't hear much about it because of the congressional elections. The news media's attention is the hype that go with elections and of course those candidates who are running against the President do not want to talk about any economic good news.
Unemployment claims are down across the nation as a whole. The auto industry just announced they will be opening up some closed assembly lines and hire back workers. Overall retail sales have been up and it is anticipated that department stores across the nation will be hiring more people for the holiday season. Many of those jobs will be part time but things are looking up for retail sales. Analysis for the oil and gas industry just announced that offshore operators were getting ready to jump back into the Gulf of Mexico deep water drilling big time. U.S. manufacturing out put has increased for the past 15 straight months. A sure sign that the economy is growing.
General Electric's CEO Jeffrey Immelt said his company will soon place the largest order in history for electric vehicles. "Tens of thousands" of the vehicles in about a week. He said half of GE's sales force of 45,000 will drive electric vehicles. This will fit in with GE's plan to expand its clean energy technology. That spending will create jobs and fall in line with the Obama's administration policy of switching to clean energy and creating an industry that will take the country into the future.
The negative voices about the economy, the stimulus and the President's policies have been proven wrong. It may be too late to save some political jobs in today's election but once again it will be a democratic administration who turned things around for the country and its people.
If the republican party takes control of one of the Houses of Congress they will keep up their attacks and try to continue to kill any legislation proposed by Obama. The President will need to deal with the republican party like President Truman did and call them out for what they are. Liars and creators of debt.
