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Oops! Economic Growth Wasn't So Great After All
CNBC ^

Posted on 04/26/2013 5:42:42 AM PDT by Perdogg

U.S. economic growth regained speed in the first quarter, but not as much as expected, which could heighten fears the already weakening economy could struggle to handle deep government spending cuts and higher taxes.

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


TOPICS: Breaking News; Business/Economy
KEYWORDS: gdp; obamasfault
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To: goodnesswins

My source is mentioned in comment #29.


61 posted on 04/26/2013 9:33:20 AM PDT by 1rudeboy
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To: Numbers Guy

Right... you’ve also noticed the constant “surprise” by “economists” when Democrats fail.../sarcasm


62 posted on 04/26/2013 10:03:05 AM PDT by swampthang77
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To: Perdogg

lies all lies


63 posted on 04/26/2013 1:01:35 PM PDT by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Perdogg

In Long After “Unexpectedly!”


64 posted on 04/26/2013 1:29:05 PM PDT by Uncle Miltie (All observant Muslims want to kill you. If they don't, they are not really Muslims.)
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To: Perdogg
and for anybody that believes it grew by 2.5% i have a bridge to nowhere to sell you...
65 posted on 04/26/2013 3:23:41 PM PDT by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: Perdogg

“Part of the acceleration in activity reflected farmers’ filling up silos after a drought last summer decimated crop output. Removing inventories, the growth rate was a tepid 1.5 percent.”

So even the official, unexpectedly-lower figure of 2.5 is malarkey, then? Color me shocked and surprised!

Romney was absolutely right about at least one thing: This is NOT what a recovery looks like.


66 posted on 04/27/2013 1:49:19 PM PDT by DemforBush (Bring me the head of Alfredo Garcia!)
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To: Perdogg

Dejavu all over again.


67 posted on 04/27/2013 4:11:58 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: Wyatt's Torch; magellan

You both might enjoy this talk:

http://www.econtalk.org/archives/2012/04/autor_on_disabi.html

I listen on my commute.


68 posted on 04/28/2013 5:05:18 AM PDT by 1010RD (First, Do No Harm)
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To: Perdogg
...which could heighten fears the already weakening economy could struggle to handle deep government spending cuts and higher taxes.

Seriously, who comes up with this stuff?

Just because a government is larger than a household, doesn't mean it can go on borrowing and borrowing to finance an out of control spending spree indefinitely. At some point, the bills must be paid. And in the case of government spending, the money to pay those bills comes straight from the economy. Decrease the spending, decrease taxes, decrease the burden of government spending. Only then will the economy recover.

69 posted on 04/30/2013 7:45:47 PM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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