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 ...
Obama fan fiction.
If you believe these numbers I have a bridge for sale. Watch for a steep revision in a month or so.
satire?
3.7 is the best quarter of what? Seven years, and Obama is crowing like a three testicle rooster. Pathetic.
Just wait until a Republican is president.
AP will be all doom and gloom, even if things are going very good.
Oh, and the Homeless will be an issue again.
More businesses have recently closed than opened: employees laid off and dead businesses are not paying taxes.
This birth death ratio is the worst in recorded history, since WW2.
They don’t even care anymore that we know they’re lying.
Heck.. if it’s that easy... just revise to numbers again! and make this the best economy in history!!!!
..
oh wait.... that would be all make believe... just like THESE numbers!
Happy days are here again,
The skies above are clear again
Let us sing a song of cheer again —
Happy days are here again
All together, shout it now — There’s no one who can doubt it now
So let’s tell the world about it now
Happy days are here again
Your cares and troubles are gone —
There’ll be no more from now on!
Happy days are here again,
The skies above are clear again
Let us sing a song of cheer again
— Happy days are here again!!!
“The USDA projected farm incomes this year will drop by 36 percent from 2014 to $58.3 billion due to declining crop and livestock prices. The forecast is down 20 percent from the USDA’s February estimate of $73.6 billion.”
And GDP increased? If the rest of this year goes up in any fashion, you know the books are cooked.
PS Vilsak Ag Sec is ‘heartened’ by the loss. Coulda been worse, he says.
went from fraudulent to outrageously fraudulent
it’s all in the deflator - post low enough inflation numbers you can make GDP look like whatever you want
What horsesh**
“They don’t even care anymore that we know they’re lying.”
Why should they?
Reading this is like hearing an old Tokyo Rose broadcast.
On the economy, the author misspelled the word “stellar”, it should have read “cellar”.
Riiiiiiiiiiiiiiiiiiight.
/s
Which explains why the Dow is plunging like a starlet’s neckline.
We have heard this song many times before. When the revised figures come out then we find out it was not so stellar after all.
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