Unemployment hit a 14 year high today. GM announced that it is burning through $2.3 billion of cash per month.
And the stock market is up (about 200 points as I'm writing this).
Why? They expected worse news. The drops over the past week were based on expectations that the unemployment numbers would be even worse.
Of course, a Republican I know says the recent drop is all Obama's fault. It's easy to refute the claim but what's the point?
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