This is all quite normal and predictable.
New signs that the recession could be nearing a bottom emerged Thursday, as factory orders were far better than expected and the Dow industrials surged over 8,000 for the first time in two months.
The Commerce Department said orders for manufactured goods rose 1.8 percent in February, reversing six straight monthly declines and easily beating estimates of another drop. Other economic indicators came in better than expected Wednesday, including construction spending and pending home sales.
And it's typical that the jobs recovery lags behind. Not everything finishes bottoming at the same time, and while durable orders are going up now those factories have to sell of the inventory that's built up from the slowdown before new orders = new jobs.
Still, the job situation remains grim. Traditionally, the labor market doesn't pick up until well after a recovery has started.
The monthly unemployment report due out Friday likely will be dismal, and new jobless claims reported Thursday were worse than expected.
So the Bad News Bears (aka Republicans) will continue to whine and lie and try to get Americans to believe that we're headed for a financial Armageddon, when in fact - we're right on track.
Hang in there, Americans - and don't listen to the Republican liars.
Note: Wizbang Blue is now closed and our authors have moved on. Paul Hooson can now be found at Wizbang Pop!. Please come see him there!