Republicans ignoring signs of some economic gains

August 30, 2012 - 1:44 PM

WASHINGTON (AP) — You wouldn't know it from listening to the Republican National Convention, but the nation's economic picture seems to be slowly getting a little brighter.

Not a lot, and not very fast. Yet there are some glimmers.

But a steady drumbeat of gloom and doom is predictably being sounded at the GOP gathering in Tampa, Fla.

Nationally, the recent gains are modest and won't do much to push the unemployment rate down much below its present 8.3 percent level before the Nov. 6 presidential election.

The latest positive report, issued Thursday, showed Americans spent at the fastest pace in five months in July. Personal income rose as well.