A New Year, A New Congress
Filed Under: 2010 Elections, Economy, Employment, Featured, Financial Institutions Reform, John Boehner, TCR Main Site Post
Out with the old, in with the new, goes the standard cliche every year about this time. No, this is not a reference to Nancy Pelosi’s age, although incoming House Speaker John Boehner is 9 years younger. Speaker Boehner does represent a new attitude and the resulting optimism is being reflected in the markets and the broader economy.
Consider:
- Retail sales, Christmas sales, were up significantly over 2009
- Consumer and business confidence for November and December have inched higher
- Jobless numbers are moving downward, evidenced by today’s ADP employment report that suggested 297,000 new private sector jobs were created in December (this is a big number!)
This is not a coincidence. This is, however a direct result of increased optimism in the country due to …