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The US economy's second quarter went from solid to stellar
AP via Yahoo News ^ | August 27, 2015 | Martin Crutsinger

Posted on 08/27/2015 4:20:59 PM PDT by John W

WASHINGTON (AP) -- The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.

The economy as measured by gross domestic product expanded at an annual rate of 3.7 percent in the April-June quarter, the Commerce Department reported Thursday. That's more than a percentage point greater than the initial 2.3 percent estimate and a sharp upgrade from the anemic 0.6 percent advance during the January-March quarter.

President Barack Obama took note of the good GDP report, saying it showed America remains "an anchor of global strength and stability" with an economic recovery that has been faster and stronger than most other nations.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; useconomy
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To: John W

I wonder how this explains all the shuttered businesses I see when driving down the road?


41 posted on 08/27/2015 5:54:48 PM PDT by The Duke ( Azealia Banks)
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To: Neoliberalnot
Fewer people Americans working than when the Kenyan maggot took office is not good.

There.

Fixed.

42 posted on 08/27/2015 6:18:09 PM PDT by null and void (Send them all back!)
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To: John W

Remember they changed the way they calculate the GDP a year or so ago. The change that they made caused the GDP to jump by at least 2% and even more as they game the numbers. If they used the same method they did before the change, we would have been in a “depression” for the last couple of years.


43 posted on 08/27/2015 6:50:32 PM PDT by RetiredTexasVet (It's not an "administration", it's a crime syndicate of liars, thieves, freaks, fools & perverts.)
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To: Don Corleone
"AP via Yahoo. Whats not to believe????"

Yahoo News. News written by yahoos for yahoos.
44 posted on 08/27/2015 6:54:04 PM PDT by clearcarbon
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To: John W

3.7 =.7 ALWAYS SUBTRACT THREE. ITS THE NEW METHOD.


45 posted on 08/27/2015 6:56:28 PM PDT by TomasUSMC (FIGHT LIKE WW2, WIN LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM.)
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To: John W

federal govt revenues from collection of taxes at all time high.
they cant justify their outright f’n thievery without cooked gdp numbers.


46 posted on 08/27/2015 7:07:56 PM PDT by Palio di Siena
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To: John W

What fantasy universe is this in?


47 posted on 08/27/2015 8:24:17 PM PDT by AFreeBird
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To: John W

The climate guys were hired to re-right the script for “Commerce”.


48 posted on 08/27/2015 8:26:41 PM PDT by Ozark Tom
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To: John W
0% interest rates and trillions in Monopoly money to work with...and even their fake numbers still look like sh t.

Take a bow zero.

49 posted on 08/27/2015 8:32:06 PM PDT by RckyRaCoCo
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To: John W

This only goes to show how broad, deep, and fundamentally strong the American economy is. In spite of everything Obama has done


50 posted on 08/28/2015 2:49:40 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dreaml)
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To: John W

Man - I haven’t had a drink or other substance for over 27 years but I find myself wanting some of what this guy is on....


51 posted on 08/28/2015 3:22:54 AM PDT by trebb (Where in the the hell has my country gone?)
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To: buwaya

Wow, you’re right, it is very nice. I had just grabbed the image for a glib point. They sure took their lies seriously - lol!


52 posted on 08/28/2015 4:01:28 AM PDT by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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