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U.S. Economy Grew 5% in Third Quarter, Its Fastest Rate in More Than a Decade
NYT ^ | 12/23/2014 | NYT

Posted on 12/23/2014 11:08:21 AM PST by mikelets456

The American economy grew last quarter at its fastest rate in more than a decade, providing the strongest evidence to date that the recovery is finally gaining sustained power more than five years after it began.

Bolstered by robust spending among consumers and businesses alike, economic output rose at an annual rate of 5 percent during the summer months, the Commerce Department said Tuesday, a sharp revision from its earlier estimate of 3.9 percent. The advance followed a second quarter where growth reached a rate of 4.6 percent after a decline last winter that was exacerbated by particularly harsh weather.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Local News
KEYWORDS: economy; gop; obama
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To: mikelets456
Perhaps Americans are seeing a glimmer of light after 6 dark years.
21 posted on 12/23/2014 11:32:10 AM PST by TexasCajun
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To: GeronL

I concur. The economy is NOT growing and is NOT creating any net jobs. In fact, we’ve been LOSING jobs every month since OZero took over. And it makes sense. Who creates jobs under communist rule except the government? Unfortunately for the Marxists in charge, they can’t hire people as fast as private industry can fire them.

We have been in a deep recession for six years.


22 posted on 12/23/2014 11:40:04 AM PST by GodAndCountryFirst
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To: mikelets456

“providing the strongest evidence to date that the recovery”

I wonder how many consecutive months of those five years could be said to have experienced (technically) “recovery”?

I suspect cooked books, ie counting bozoCare as ‘economic activity”.


23 posted on 12/23/2014 11:53:59 AM PST by TalBlack (Evil doesn't have a day job.)
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To: mikelets456

JUST POSSIBLY people have spent a tiny bit more (those who will always spend every dime they take home) on things other than gasoline. So there is possibly a mirage of people shaking lose with more money to the economy. But other than that, I am not buying it.


24 posted on 12/23/2014 11:55:23 AM PST by NEMDF
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To: Starboard

You’re absolutely correct.

I have a business background - from an officer in a $400M corp to my own business - so I pay very close attention to the business “news”.

Slick Willie changed the definition of Unemployment and Comrade obamatollah is just flat out making up the “facts” while “printing” $5 TRILLION of new money.

I gotta think it all comes crashing down as soon as a GOP President is elected to make obamatollah more messianic.


25 posted on 12/23/2014 12:31:38 PM PST by newfreep ("Evil succeeds when good men do nothting" - Edmund Burke)
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To: mikelets456

Bush’s fault.

Oh.
Never mind.


26 posted on 12/23/2014 12:32:58 PM PST by oldbill
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To: newfreep

Think 2008. What happened just before the election? An economic crisis. How convenient.


27 posted on 12/23/2014 12:41:51 PM PST by Starboard
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To: Starboard

How Juan McCain handled it (basically, giving up) was proof the election was cooked and caused Sarah to go rogue in a valiant attempt to save America.

That GWB bailed out the crooks led to the communist dicktator we have at this moment.

I really, really hate “W” the traitor.


28 posted on 12/23/2014 12:45:57 PM PST by newfreep ("Evil succeeds when good men do nothting" - Edmund Burke)
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To: mikelets456

If true, it’s only because we’re having to replace items that have finally used up their last life after being repaired, nursed along and repaired again.


29 posted on 12/23/2014 1:00:45 PM PST by bgill (CDC site, "we still do not know exactly how people are infected with Ebola")
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To: mikelets456

Bull cocka!


30 posted on 12/23/2014 1:37:43 PM PST by vpintheak (Keep calm and Rain Steel!)
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