Greetings from Olympia, WA
Posted on 10/31/2009 6:10:45 PM PDT by peeps36
It's true, the 3.5 percent third quarter GDP growth could be a good sign of good things to come...but most likely that's not the case. Brian Sullivan of FBN has put together five reasons why the US is not recovering.
(Excerpt) Read more at dailyreckoning.com ...
In October the total number of people filing for some kind of unemployment rose to over 10 million for the first time in history, and no new jobs are replacing the ones that are lost.
printing 10 trillion dollars and spending it, can contributes to increase in GDP. Zimabawee GDP growth is like $2109830924803284023 Zimbawae dollars, but it doesn’t mean anything
Inflation is not factored into GDP so maybe inflation is taking off.
You only need ONE reason: the entire GDP growth was due to Cash for Clunkers and First Time Homeowners gimmee programs, e.g. Gov’t spending. Wait and see when the next report comes out.
It’s all smoke and mirrors like the during the previous administration, but we’ve run out of bubbles, except for the government bubble.
If a lie is told enough times eventually the listener will believe it.
Since when?
By then they will have revised these numbers downward, making the new numbers look better when they come out. They do that with all the other data that comes out these days.
Ya, it is a job loss recovery. The manufacturing jobs are still leaving the country. If a factory opened here wanting a thousand people they would have 10,000 applications just like the Target distribution center had in Lincoln County, NC. The country is being deliberately ruined and the chronies are still ticks using the public treasuries. How can things get better when planning is about controlling a demolition?
A plausible criticism, sounds like.
Greetings from Olympia, WA
I’d call that “Portrait of a Loser”
Millionaires picking thje pockets of the poor?
Riiiiight ...
“3.5 percent third quarter GDP growth”
Hmmm ...
Components of GDP
GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X - M).
Which one (which component) grew again?
“3.5 percent third quarter GDP growth”
Hmmm ...
Components of GDP
GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X - M).
Which one (which component) grew again?
Bump for a morning read.
I’d call that “Portrait of a Loser”But, to listen to the Libs, those are the guys WE need to go to for a job, not the rich b*stards who could actually pay one of us ...
GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X - M).
Which one (which component) grew again?
The first 3 grew.
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