WSJ:
U.S. economic growth accelerated this summer as consumers and businesses boosted spending, allaying at least for now concerns of a slide back toward recession.This news combined with news of the deal in Europ exploded the stock market. It returned to 12,000 territory for the first time in many months. This is not what the GOP wanted. We are supposed to be in the second dip. A deepening of the recession would improve their chances at the White House. Improving these chances is, for them, more important than improving the economy. Maybe another credit downgrade will hurt the economy?Separately, new claims for unemployment benefits fell slightly last week yet remained elevated, showing that the labor market is still struggling to find its footing.
