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I agree with you that in no way does this show that things are great or even good. But it does show a pretty clear trend that things have gotten better then they were.
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Actually, things have gotten progressively worse. Bernanke and the Obama Administration are doing everything they can to try and put a spin for all of the problems. Hell, they blamed ice storms for rising unemployment claims. Foreclosures keep rising and haven't even bottomed out yet. The dollar continues to be debased. Our national debt and budget deficits keep rising thanks to Barry. We're fucked pretty much, thanks Obama!