Reuters) - The U.S. unemployment rate tumbled to a 2-1/2 year low in November, even though the pace of hiring remained too slow to suggest a significant acceleration in the labor market recovery.
A Conservative pundit, George Will, commenting on Newt Gingrich: "Now you can associate many things with Mr. Gingrich, but wisdom isn’t one of them."
The Bomb Buried In Obamacare Explodes Today [12/02/2011]-Hallelujah!
Andrew Sullivan commenting on the Rabid Right's overestimating Mr. Gingrich and underestimating President Obama:
"Of course, when you actually imagine a Gingrich-Obama debate, and you are not living in a cocoon that insists that Obama is both dumb and a commie, you see how fatal a trap this could be for the GOP.
Christmas has come early in Minnesota.
After an intense battle over government spending shut down its government for 20 days this summer, the state now is forecasting an $876 million surplus over the next two years. That’s a huge surprise compared to the $5 billion projected deficit that Minnesota expected in July, setting off a national, highly-partisan battle over the best way to close that gap.
What changed? State officials chalk a lot of the good news up to factors specific to Minnesota. The state has seen its revenue increase as its unemployment rate is lower than the national average. The state has, for example, regained about a third of the jobs lost since the recession began. Nationally, that number stands at 22 percent.
Minnesota has also cut its spending, particularly on health care, in unique ways. It’s one of just four states, for example, to expand its Medicaid program in advance of the health reform law’s required expansion. For doing so, it’s received a higher Medicaid matching rate for some patients from the federal government.