SPENDING, NOT THE ECONOMY:

Jobless Claims Fell in Latest Week (LUCA DI LEO and SARAH N. LYNCH, 12/31/09, WSJ)

Recent data signal that the U.S. recovery from the worst recession in decades is taking hold. Robust retail sales and improving consumer confidence, meanwhile, have raised expectations for strong economic growth in the fourth quarter. That's prompted some optimism that employers may soon resume hiring after two years of cutting payrolls.

The problem for the GOP in pretending that Democrats are Socialist is the resilience of the Reagan/Volcker economy.

Posted by Orrin Judd at December 31, 2009 11:31 AM