Posted on 10/27/2011 8:04:43 AM PDT by Free Vulcan
U.S. growth accelerated in the third quarter as consumers and businesses ramped up spending, a report that shows the economy remained resilient in the face of strong headwinds.
Gross domestic product in the July-through-September period expanded at a 2.5% annual rate, the government said Thursday. That’s nearly double the 1.3% rate of growth in the second quarter and much faster than the first quarter’s tepid increase of 0.4%.
(Excerpt) Read more at marketwatch.com ...
Also, even if these figures hold, inflation will outpace GDP for FY11... so what does that tell ya!
No need for stimulus because the economy is growing.
The price of goods is the reason the GDP grew as Food and Energy prices rose even though its not calculated in inflation.
“headwinds” - what a wonderful word, like “resource”, or “issue” that says next to nothing when there is something more specific that needs to be said.
Yup...more “playing” with the numbers.
Spending Has Collapsed, The Economy Is Next
http://www.freerepublic.com/focus/f-bloggers/2756067/posts
Q1 was only 0.4%. Q2 was 1.3%
Anything below 3% is considered ‘negative growth.’
Anything less than 3% is bad news in normal times
All their budget projections to justify their ridiculous spending plans are based on 4% growth- 2.5 is a bad bad number
Encouraging, as it shows how strong our great country is in spite of the damage the loon in the WH is doing to it.
Everyday this slant continues from Marketwatch.
Hype hype, not truth to be found.
When you’re going over the precipice you’ll grab on to anything.
Other than rising food costs—which is not the same as having more discretionary income—I defy any one to tell me what generated this wonderful 2.5% growth. For example: Are there more people working and therefore spending? Are manufacturers producing more—or at least investing in fiscal plant? Is this generating spending and creating jobs? How new home starts? Up? Where? What about buying of existing homes? Up? Where? And so on.
Onada’s Marxist regime simply makes numbers up out of whole cloth and pretends they are reality.
Sounds like it came right out of Carney's office.
Do any of you guys have the actual GDP reports and revised reports for this year?
I remember GDP numbers being revised after initial reports.
The poser in the Whitehouse ain't foolin' nobody no mo.
As Victor Hugo would say, "Less Miserable."
Being revised downward in 3....2....1....
I have a problem with how quarterly GDP reports are presented by the media in isolation from dependent issues such as national debt, government spending and unemployment.
When we say the GPD ‘grew’ by 2.5%; in terms of dollars and cents, it means the economy has grown by JUST $443 billion (2011 Q1-Q3) so far.
If you layer that over our catastrophic national debt, devaluation of our currency through ‘stimulus’, pervasive unemployment rate and Obama’s 2011 existing $3.82 trillion expenditure... the NET growth of 2.5% just evaporated.
It really is a fairy tale and the abdication of Fourth Estate is historic. The Republican nominee must hammer barry for this. If we get another RINO tip toeing through the Presidential debates we will lose.
We can make fun of it all we want; the idiot public believes it. Point is it is a lie and media will tout it and the 9% unemployment and they’ll shout 8.9 from the rooftops soon...point is, how can we prove it’s a lie?
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