The Obama Boom refuses to die! Despite months of bad economic data the media refuses to give up on the theme. The new ray of hope for the Obama Boom is the recent stock market surge. They are interpreting this as the economy is good now and we are in boom times.
Wall Street continues to benefit from receding fears of a double-dip recession in the U.S. Those concerns have faded as recent indicators show stronger-than-expected growth in employment, manufacturing activity and retail sales.
“The economic data out of the U.S. has been pretty decent and suggests we are not in a recession,” David Joy, chief market strategist at Ameriprise Financial, told FOX Business. Joy, who said he has a year-end S&P target of 1250, down from 1345 previously, added, “There is a chance to break out to the upside here, but we have some heavy lifting to do.”
Read the rest: Dow Soars as Double-Dip Fears Continue to Fade
I wonder if real Americans have been asked if things are good. polls show Americans think the country is on the wrong track. Despite these facts you get ridiculous stories like this one claiming things are good. I hope this writer is getting paid good money.
The article is like the Obama Boom, it’s an outright lie.
Tags: The Obama Boom
