Steve Benen: After three consecutive weeks of discouraging news, today’s report from the Department of Labor on initial unemployment claims pointed to a sharp improvement in the data.
Indeed, the new numbers not only reverse the discouraging trend, they’re back to the level we saw in mid-March, which is near a four-year low.
…. It’s worth emphasizing that week-to-week results can vary widely, and it’s best not to read too much significance into any one report. Still, it’s generally heartening when the numbers are at least pointing in the right direction.
E.J. Dionne: We expect some hypocrisy in politics, but it was still jaw-dropping to behold Republicans accusing President Obama of politicizing the anniversary of the killing of Osama bin Laden. Wasn’t it just eight years ago that the GOP organized an entire presidential campaign — including the choreography of its 2004 national convention — around the attacks of Sept. 11, 2001, and George W. Bush’s response to them?
Obama’s opponents don’t just think we have short attention spans. They imagine we have no memories whatsoever…
…. On foreign policy, Obama has kept his 2008 promise to turn history’s page. The nation is in no mood to turn it back.
MSNBC: GM posted a profit of $1 billion in the first quarter, beating Wall Street expectations on strong demand in its key North American market.
GM also said the U.S. economy was improving and it expected its core North American results in the second and third quarters to largely match the first quarter due to scheduled downtime at its large truck plants.