Author Topic: US GDP grows at strong 4 percent rate  (Read 757 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 271,110
US GDP grows at strong 4 percent rate
« on: July 30, 2014, 09:44:16 AM »
Support the USO

Offline GourmetDan

  • Hero Member
  • ****
  • Posts: 7,202
Re: US GDP grows at strong 4 percent rate
« Reply #1 on: July 30, 2014, 10:47:35 AM »

The good news comes the same day President Obama is slated to talk about the economy in Kansas City, Mo.


Well... what a nice coinkidink...


"The heart of the wise inclines to the right, but the heart of the fool to the left." - Ecclesiastes 10:2

"The sole purpose of the Republican Party is to serve as an ineffective alternative to the Democrat Party." - GourmetDan

Online Oceander

  • Technical
  • ****
  • Posts: 51,223
Re: US GDP grows at strong 4 percent rate
« Reply #2 on: July 30, 2014, 11:39:13 AM »
Quote
The good news comes the same day President Obama is slated to talk about the economy in Kansas City, Mo.

Anybody smell a rat?  I do.

Offline flowers

  • Hero Member
  • ****
  • Posts: 18,788
Re: US GDP grows at strong 4 percent rate
« Reply #3 on: July 30, 2014, 12:05:44 PM »
It will be revised quietly in a few weeks.


Offline 240B

  • Lord of all things Orange!
  • TBR Advisory Committee
  • ***
  • Posts: 12,167
Re: US GDP grows at strong 4 percent rate
« Reply #4 on: July 30, 2014, 12:28:52 PM »
It is to the point of pure silliness. They do this same stunt every single time with every number they publish. They always put out a fake number, then have a big celebration, then revise the number later. They do it every single time.
 
My God. Anyone who believes anything these guys say, has a screw loose.
You cannot "COEXIST" with people who want to kill you.

Online kevindavis

  • Hero Member
  • ****
  • Posts: 9,787
Re: US GDP grows at strong 4 percent rate
« Reply #5 on: July 30, 2014, 09:25:05 PM »
Just wait until the pumping by the fed stops.
"Last but not least, I was a Republican, a Reagan Republican. Still am. Not a Tea Party Republican. Not a Breitbart Republican. Not a talk radio or Fox News Republican. Not an isolationist, protectionist, immigrant-bashing, scapegoating, get-nothing-useful-done Republican. Not, as I am often dismissed by self-declared "real" conservatives, a RINO, Republican in Name Only. I'm a Reagan Republican, a proponent of lower taxes, less government, free markets, free trade, defense readiness, and democratic internationalism."
John McCain

Offline truth_seeker

  • Hero Member
  • ****
  • Posts: 23,177
  • Common Sense Results Oriented Conservative Veteran
    • The place where argument addicts can go
Re: US GDP grows at strong 4 percent rate
« Reply #6 on: July 30, 2014, 09:56:25 PM »
Just wait until the pumping by the fed stops.
However it has already been significantly reduced, and appears to have less negative impact than many expected.

There are probably regional differences in economic recovery.
"God must love the common man, he made so many of them.�  Abe Lincoln

Online Oceander

  • Technical
  • ****
  • Posts: 51,223
Re: US GDP grows at strong 4 percent rate
« Reply #7 on: July 30, 2014, 11:59:01 PM »
However it has already been significantly reduced, and appears to have less negative impact than many expected.

There are probably regional differences in economic recovery.

There are already several people worth listening to who are worried they went too far and that there's too much inertia to avoid inflation and asset bubbles popping, including, if memory serves, at least one federal reserve bank head.

Offline Relic

  • Hero Member
  • ****
  • Posts: 4,967
Re: US GDP grows at strong 4 percent rate
« Reply #8 on: July 31, 2014, 10:12:21 AM »
I understand basic economics. The complexity of the US economic system escapes me. For years I've been reading about the horrific things that were going to happen as a result of Obama policies. For years I've been watching, and for years I've seen good things. Not great, but good. The market is up, I golf with people in the building trades, and they're all very busy. Their margins are very thin, but they have lots of work. In spite of all the hand wringing I see people buying cars, going out to eat regularly, buying electronics, etc.

Now put yourself in the shoes of a moderate, low information voter. You hear the constant media and Dem drumbeat, recovery summer, things are turning around, etc. You hear the constant right wing warnings that we're headed off a financial cliff. So far, it's closer to the former than the latter.

I think the wheels will have to fall off the economy, which I hope doesn't happen, for Republicans to have any credibility.

Online Oceander

  • Technical
  • ****
  • Posts: 51,223
Re: US GDP grows at strong 4 percent rate
« Reply #9 on: July 31, 2014, 07:37:49 PM »
Funny thing though, if you add this 4% to the negative 2.9% from the first quarter, you get a very weak 1.1% growth in GDP over the last six months.  That's not something to write home about.


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf