Some good news on the economy was released today. For the 3rd quarter, the Gross Domestic Product grew by a rather surprising 2.5% -- not great, but good. That's compared to only 1.3% in the 2nd quarter. It mainly signifies that the economic recovery hasn't stalled. This, plus news of a deal on European debt, boosted the stock market well over 12,000.
Clearly, Rethugs will bemoan this good news on the economy, since it might diminish their election prospects (remember their 2008 slogan, "Country First"?). But we're not out of the woods by any measure, and we would need to have several more quarters like this or better to pop the champagne.
