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Economy Logs Brisk 3.9 Percent Growth (Best Performance in 1 1/2 Years)
AP via Yahoo! ^ | 10/31/07 | Jeannine Aversa

Posted on 10/31/2007 5:50:09 AM PDT by Brilliant

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Suddenly, I'm thinking the Fed is not going to reduce interest rates afterall.
1 posted on 10/31/2007 5:50:11 AM PDT by Brilliant
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To: Brilliant

There goes my marketing plan to sell pencils on street corners.


2 posted on 10/31/2007 5:51:34 AM PDT by 1rudeboy
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To: Brilliant

Bush’s fault


3 posted on 10/31/2007 5:51:59 AM PDT by magellan
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To: Brilliant

“Brother, can you spare a dime”


4 posted on 10/31/2007 5:52:49 AM PDT by FMBass ("Now that I'm sober I watch a lot of news"- Garofalo from Coulter's "Treason")
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To: Brilliant

You never know til they announce it.

What I’m thinking about reading this is the kook sites that insisted a year ago, two years ago, three years ago, five years ago, the economy was DOOMED.

As I’ve noted on those occasions, only fools and Democrats bet against this economy.


5 posted on 10/31/2007 5:55:12 AM PDT by Badeye ('Ron Paul joined 88 Democrats.....")
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To: Brilliant

I may just TIVO the MSM evening news programs to watch their spin on this number.

Teeth are gnashing, heads are spinning, meetings are being called, and strong, strong coffee is being brewed.

“Ahem, I say ahem again, ahem; I say old chap, how in hell are we going to spin this”?


6 posted on 10/31/2007 5:57:42 AM PDT by Chuck54 (Global warming my butt! It's getting cold here.)
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To: 1rudeboy

“Still, skyrocketing oil prices, which have reached record highs in recent days, may pose a risk to the economy.”

I’m not sure that I would say that they are “skyrocketing” at this point. They recently went up from $70 to $90. That’s a 28% increase. Of course, that is a lot, but not as much as from $20 to $70, which is an increase that the economy has already weathered.


7 posted on 10/31/2007 5:58:13 AM PDT by Brilliant
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To: Chuck54

They are going to start talking about inflation. Just watch.


8 posted on 10/31/2007 5:58:55 AM PDT by Brilliant
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To: Brilliant
I generally don't listen to the Democrat candidates, but at the debate last night, on several occasions various candidates came out and said (paraphrasing): "The last 6 years have been a disaster for this country. The nightmare must end. We're going in the wrong direction, and we need to get a Democrat in the White House."

And their plan is to surrender to our enemies in the Middle East, raise our taxes, and impose regulations on our businesses. Yeah, that will turn things around!!

9 posted on 10/31/2007 5:59:50 AM PDT by ClearCase_guy (The broken wall, the burning roof and tower. And Agamemnon dead.)
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To: Brilliant

the economic surge is working. let’s end it!


10 posted on 10/31/2007 6:02:26 AM PDT by ari-freedom (I am for traditional moral values, a strong national defense, and free markets.)
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To: Brilliant

I guess not enough people were watching CNBC’s doom-and-gloom squad of “experts” trying to talk the economy into recession. They’ll keep trying, though.


11 posted on 10/31/2007 6:08:11 AM PDT by kittymyrib
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To: ClearCase_guy
"disaster"

That's standard political prop practiced by both parties. Of course the Dems will call any term by any Republican a disaster. It has been a disaster... for them. Even with control of congress they can barely get any of their screwball programs passed.

The real problem naturally is that they always have a reliable megaphone screaming at the American public in the form of Big Media. Which is why when interviewed many average citizens will say that we're in a recession. Because the media dutifully told them they were. If one hundred Americans were surveyed about their financial situation and ninetynine were in great shape financially, Big Media would find that one person who was not doing well and attempt to depict that one unfortunate as representative of all Americans.

12 posted on 10/31/2007 6:17:09 AM PDT by driftless2
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To: Brilliant
The Fed's overriding worry is that problems in housing and harder-to-get credit could seriously crimp spending and investing by people and businesses, dealing a dangerous blow to the national economy. Many analysts are hopeful the economy can avoid a recession. Growth in the current October-to-December quarter is expected to slow to a pace of around 2 percent or less.

Economy has just grown 3.9% but there's fear of a recession? Do the authors not know the definition of the word?

13 posted on 10/31/2007 6:21:24 AM PDT by Neverforget01
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To: Neverforget01
Do the authors not know the definition of the word?

Oh, the authors know the definition. They're hoping that we do not.

14 posted on 10/31/2007 6:27:04 AM PDT by ClearCase_guy (The broken wall, the burning roof and tower. And Agamemnon dead.)
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To: Brilliant
Suddenly, I'm thinking the Fed is not going to reduce interest rates afterall.

It reduces the chances from 99% to 90%. But they will still cut. They are being proactive in trying to prevent bigger problems down the road. Financials and housing can take the market down if it gets to the crisis level.

15 posted on 10/31/2007 6:27:39 AM PDT by Always Right
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To: Brilliant
Damn. We're winning in Iraq and the economy is growing.

What the hell?

16 posted on 10/31/2007 6:30:34 AM PDT by SoFloFreeper
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To: Badeye

“You never know til they announce it.”

And after they announce it, you STILL never know. When is the upward revision due? What is the standard delay they put on those things while Bush has been in office...?


17 posted on 10/31/2007 6:34:03 AM PDT by bolobaby
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To: Brilliant

Dem’s will still say it’s a bad economy... and the DBM will not challenge them.


18 posted on 10/31/2007 6:38:13 AM PDT by johnny7 ("But that one on the far left... he had crazy eyes")
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To: johnny7
Dem’s will still say it’s a bad economy... and the DBM will not challenge them.

The Dems will either continue to declare the economy is bad or if that doesn't work we'll hear non stop about how the "economic divide" between rich and poor is growing.

19 posted on 10/31/2007 6:43:05 AM PDT by Neverforget01
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To: Neverforget01

What an awful country we live in. Prosperity is high, unemployment is low, we have had no attacks within our borders for 6 years, and everyone is free to dissent without fear of retribution. So I guess this is why I see a dozen Impeach Bush stickers every day.


20 posted on 10/31/2007 6:46:00 AM PDT by TNCMAXQ
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