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The IBD/TIPP Economic Optimism Index improved by 1.4 points, or 3.1%, in January, posting 46.5 vs. 45.1 in December. The index is 1.8 points below its 12-month average of 48.3, 2.1 points above its reading of 44.4 in December 2007 when the economy entered the recession, and 3.3 points below its all-time average of 49.8.
The White House and congressional Republicans are always saying that the other side's math doesn't add up. Speaking of math that doesn't add up, check out the people's math — if you can call it that.
A new Monitor/TIPP poll shows Americans' outlook on the economy soured in December, across the board – coinciding with the 'fiscal cliff' standoff. For Republicans, economic optimism has hit rock bottom.
The IBD/TIPP Economic Optimism Index declined by 3.5 points, or 7.2%, in December, posting 45.1 vs. 48.6 in November. The index is 3.3 points below its 12-month average of 48.4, 0.7 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 4.7 points below its all-time average of 49.8.
Democrats stopped basking in the afterglow of President Barack Obama's re-election victory and abruptly lowered their outlook on the economy this month, as fears of the "fiscal cliff" dominate year-end headlines, according to the latest IBD/TIPP poll released Tuesday.
A new Monitor/TIPP poll finds Americans favor cutting government spending to solve the fiscal cliff, but few want to cut entitlements such as Medicare, which make up most of the budget.
If newly re-elected President Obama was hoping to float into his second term on a cloud of renewed national optimism and bipartisan goodwill, he's likely to be disappointed.
The IBD/TIPP Economic Optimism Index declined by 5.4 points, or 10%, in November, posting 48.6 vs. 54 in October. The index is 0.4 points above its 12-month average of 48.2, 4.2 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 1.3 points below its all-time average of 49.9.
The recent surge in economic optimism looked even more partisan in the latest IBD/TIPP Economic Optimism poll, with Republicans now suddenly turning more upbeat this month after Democrats had a similar spike last month. Both may have more to do with the looming presidential election than with the economy.
The IBD/TIPP Economic Optimism Index improved by 2.2 points, or 4.2%, in October posting 54 vs. 51.8 in September. The index is 6.4 points above its 12-month average of 47.6, 9.6 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 4.1 points above its all-time average of 49.9.
The IBD/TIPP Economic Optimism Index improved by 6.2 points, or 13.6%, in September posting 51.8 vs. 45.6 in August. The index is 5.4 points above its 12-month average of 46.4, 7.4 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 2.0 points above its all-time average of 49.8.
The IBD/TIPP Economic Optimism Index dropped by 1.4 points, or 3.0%, in August posting 45.6 vs. 47.0 in July. The index is 0.2 points above its 12-month average of 45.4, 1.2 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 4.2 points below its all-time average of 49.8.
Jobs: Another week, another bad employment number — this one a 34,000 jump in jobless claims. Gee, what happened to Obama's "laserlike focus" on jobs? And for that matter, why hasn't his Jobs Council met in six months?
The IBD/TIPP Economic Optimism Index edged up by 0.3 points, or 0.6%, in July posting 47.0 vs. 46.7 in June. The index is 2.4 points above its 12-month average of 44.6 and 2.6 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 2.9 points below its all-time average of 49.9.
Stalling job growth further darkened Americans' views of the economy, despite cheaper gasoline prices, according to the latest IBD/TIPP Economic Optimism Index.
The IBD/TIPP Economic Optimism Index declined by 1.8 points, or 3.7%, in June posting 46.7 vs. 48.5 in May. The index is 2.6 points above its 12-month average of 44.1 and 2.3 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 3.2 points below its all-time average of 49.9.
While President Obama is out on the campaign trail talking about how bad things were four years ago, and how we have to go "forward" to his second term to see just how great things are going to be in the next four years, the biggest problem he's got is the here and now.
The IBD/TIPP Economic Optimism Index declined by 0.8 points, or 1.6%, in May posting 48.5 vs. 49.3 in April. The index is 4.5 points above its 12-month average of 44.0 and 4.1 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 1.4 points below its all-time average of 49.9.
The recovery has not yielded job vacancies, but here are five ways to cure our labor woes.
America has long been a country where almost everyone, including the poor and unskilled, could get a job. Given the will to do a reasonable day's work, a job was a passport to economic and social well-being; it was the fount of self-esteem and the foundation of family life. Indeed, work was Life.
The IBD/TIPP Economic Optimism Index improved by 1.8 points, or 3.8%, in April posting 49.3 vs. 47.5 in March. The index is 5.8 points above its 12-month average of 43.5 and 4.9 points above its reading of 44.4 in December 2007 when the economy entered into the recession, and 0.6 points below its all-time average of 49.9.
