GDP gets stimulus checks boost

Reuters ^ | 7-31-2008 | Reuters

[edzo4]

WASHINGTON (Reuters) - Expansion accelerated modestly in the second quarter as government stimulus payments helped consumers add more buying punch to the economy, a Commerce Department report on Thursday showed.

Gross Domestic Product or GDP grew at a 1.9 percent annual rate, up from a revised 0.9 percent rate in the first quarter that previously was reported as 1 percent.

Economists surveyed by Reuters had expected a 2.0 percent rise in GDP in the second quarter.

[edzo4]

sorry dems no recession yet your pals in the media are going to have to do a better job talking down the econmy if your are going to drag obama across the finish line

[econjack]

Hey...Washington!

How 'bout this for an idea? Cut taxes and you won't have to waste postage on giving us money that was ours in the first place.

[MrB]

But that would leave YOU in control of your own money, not “us”...

terrible idea.

You should know, government types, especially liberals, “know better” than you and deserve (and are even obligated) to control your money, and your life.

[edzo4]

you gotta love how they try an put a negative spin on it.

Economists surveyed by Reuters had expected a 2.0 percent rise in GDP in the second quarter.

this will be the headline for the MSM

GPD FALLS SHORT OF EXPECTATIONS IN THE 2ND QUARTER

[econjack]

You should know, government types, especially liberals, “know better” than you and deserve (and are even obligated) to control your money, and your life.

You're right...what was I thinking??

[CowboyJay]

Newest Dem economic program...

Raise taxes by 5%, and give back a 2% stimulus check?

[aft_lizard]

Nope, they made their stake with this one. Knowing that the Congress has the lowest ratings in history a positive result from a hand out from them is better than attacking a President who is in his last term. So in other words the MSM is going to play ‘see how good the Dems are by pushing for the stimulous package..... it grew our economy”

[Vaduz]

stimulus check mine went to OPEC thank you Nancy Pelosi.

[edzo4]

NOPE I called it here is the AP article headline

Economic rebound not as energetic as hoped for

the second-quarter rebound wasn't as robust as economists had hoped; they were forecasting growth at a 2.4 percent pace.