Which is more than we can say for Europe which is beyond hope unless Angela Merkel and Mario Draghii each get a lobotomy. As it is Germany is determined to bite the nose of Greece to spite it's own face.
In the US we have seen unemployment claims coming down along with the unemployment rate with signs that even the housing market may have bottomed. With the congressional Republicans to to finally letting a few hostage goes without even more ransom money there would seem to be some reason for optimism.
The negative to this is that while we saw unemployment claims reach to the lowest level since 2008-to the territory needed to see the unemployment rate come down, the question remains how much of this is rather people falling out of the labor market rather than finding a place back in it.
Still it is not hopeless. Which is more than you can say for Europe-there the reason for hope is much slighter. Germany certainly has a great plan-everyone should run a budget surplus and a trade surplus. Problem solved.
Not that it's in itself adequate comfort but whatever you think of the US right now, we're in better shape than Britain and whatever you say about Britain right now, it's in better shape than Europe. It has been said that the one eyed man is king. (The irony is that despite the GOP's tactics, the US is where austerity hasn't happened on the level of Europe or even the dimwitted Cameron led British.)
But even if we get to be king does that make up for having only one eye?
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