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Obama Says 2014 Will Be 'Breakthrough' for US Economy
BBC ^ | December 20, 2013 | Staff

Posted on 12/21/2013 2:50:09 PM PST by lbryce

Economic growth in the US was revised upwards to its fastest pace since late 2011 on Friday.

The Commerce Department said GDP grew at an annualised rate of 4.1% between July and September, up from an earlier 3.6% estimate.

That gave shares a boost and the Dow and S&P 500 indexes closed at records.

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: obama; useconomy
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To: lbryce

Yes indeed a breakthrough! Hospitals are laying off staff.


61 posted on 12/22/2013 1:43:53 AM PST by momincombatboots (Back to West by G-d Virginia.)
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To: lbryce

this federal gub mint under obammy lies
they can come out and say the economy will grow at whatever and ultimately those figures will be greatly lowered to reality.
bunchof worthless turds


62 posted on 12/22/2013 4:17:18 AM PST by Joe Boucher ((FUBO) obammy lied and lied and lied)
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To: lbryce
The Commerce Department said GDP grew at an annualised rate of 4.1% between July and September

Who believes this? Did not unemployment go up by something like 60K more than forecast this month? Don't unemployment and GDP growth go hand in hand (with a lag of course)

I think what they aren't telling you is inflation is about to rear it's ugly head.

63 posted on 12/22/2013 7:49:50 AM PST by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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