Romney Better Off for Not Asking as Economy Improves Since 2009 – Bloomberg 09-19-12

Salient to Investors:

Bloomberg reports 51 of 70 indicators have improved since January 2009 when Obama took office.

A three month moving average of the Chicago Federal Reserve Bank’s National Activity Index shows the economy growing below its historical trend for five consecutive months and nine of the past 12.

Bloomberg survey of economists expect Q3 annual rate of growth of 1.8 percent versus 1.7 percent in Q2.

Sentier Research says median household income is back to its 1995 level and fell more during the Obama recovery than during the recession that preceded it.

The misery index is 9.8 versus 12 on January 1 2012.

Bloomberg study shows 61 percent of the increase in the deficit in fiscal 2009 through 2011 was caused by falling individual and corporate income tax receipts and automatic spending increases versus 24 percent attributed to the stimulus program and an additional 15 percent linked to non-stimulus spending growth on programs including the military.

Household debt is  $12.9 trillion equals 83 percent of total output versus $13.7 trillion or 97 percent of GDP at the end of 2008. The University of Michigan Survey of Consumer Confidence was 79.2 in September versus 70.3 in September 2008.

Read the full article at http://www.bloomberg.com/news/2012-09-19/romney-better-off-for-not-asking-as-economy-improves-since-2009.html