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Good news: Economy not 'frightenly horrible' (AP headline)
Houston Chronicle (AP) ^ | 8/27/10

Posted on 08/27/2010 12:22:51 PM PDT by truthandlife

Stocks rose Friday and bond prices fell after the government reported that U.S. economic growth didn't slow as much as feared.

Comments from Ben Bernanke also helped send stocks higher. The Federal Reserve chairman, speaking at the central bank's annual conference, reaffirmed his outlook for economic growth next year and said the Fed was ready to take extra steps to stimulate the economy if needed.

Stocks stumbled briefly after Intel Corp. lowered its revenue estimate but then resumed their upward march. The Dow Jones industrial average and other market barometers all gained more than 1 percent.

The downward revision in second-quarter economic growth was steep, but not quite as bad as economists expected. That helped encourage investors to take money out of safe investments like Treasurys and put it to work in the stock market. Yields on Treasurys, which help set interest rates on loans like mortgages, rose sharply as their prices fell.

The Commerce Department reported that gross domestic product grew at a 1.6 percent rate in the April-to-June period. That's still way down from its earlier estimate of 2.4 percent but not as bad as the 1.4 percent expected by economists.

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


TOPICS: Extended News
KEYWORDS: andmorelies; ap; lies; propoganda
This was on the front page of the Houston Chronicle website in bold
1 posted on 08/27/2010 12:22:54 PM PDT by truthandlife
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To: truthandlife

When a US Federal government deficit of $1.5 trillion can only produce a 1.6% GDP then I would call that “frightenly horrible”.


2 posted on 08/27/2010 12:24:43 PM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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To: truthandlife

The media is doing their best to polish this turd of an economy.


3 posted on 08/27/2010 12:26:57 PM PDT by earlJam
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To: truthandlife
Good news: Economy not 'frightenly horrible' (AP headline)

Now that's the spirit! Keep up morale in the ranks!

4 posted on 08/27/2010 12:27:13 PM PDT by ScottinVA (The West needs to act NOW to aggressively treat its metastasizing islaminoma!)
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To: truthandlife
I get this mental picture in my mind from "Young Frankenstein"

"Could be worse. Could be raining..."

Thunderclap! (Rain starts)

"Damn your eyes!"

"Too late"

Just replace "liberal ideology" with eyes, and here we are....

5 posted on 08/27/2010 12:27:28 PM PDT by NorCoGOP (OBAMA: Living proof that hope is not a plan.)
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To: truthandlife

The AP is “frightenly horrible” for such reporting.


6 posted on 08/27/2010 12:28:59 PM PDT by anniegetyourgun
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To: truthandlife

Oh, let me guess... during that last quarter the “administration’s” economic policies saved or created 49,876,021,765,774,214 jobs.


7 posted on 08/27/2010 12:29:15 PM PDT by ScottinVA (The West needs to act NOW to aggressively treat its metastasizing islaminoma!)
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To: truthandlife

The headline should read:

Good news! The economy is not like a Grizzly Bear eating you, it’s only like a Wolf. This is much better!


8 posted on 08/27/2010 12:30:50 PM PDT by WKUHilltopper (Fix bayonets!)
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To: truthandlife

No. ‘It’s horribly frightening’.


9 posted on 08/27/2010 12:32:05 PM PDT by AU72
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To: truthandlife

Good news: Your head is still attached to your body


10 posted on 08/27/2010 12:33:18 PM PDT by Berlin_Freeper (Chump Obama promised "Change" and we got chump change.)
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To: truthandlife
When I was coming up, we'd have said "frighteningly." I guess nowadays it's okay to bastardize words; their teachers sure as hell don't know the difference.

I hate to hear people say "he 'commentated' on this or that," or "we 'conversated' about it."

11 posted on 08/27/2010 12:33:28 PM PDT by Gaffer ("Profiling: The only profile I need is a chalk outline around their dead ass!")
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To: truthandlife

Very readable graphs of economic data. Looks like economy is slowly improving.

http://economytrack.org/

You can superimpose graphs of previous recessions on the current one. You can see stats by individual state.


12 posted on 08/27/2010 12:34:44 PM PDT by frposty (I'm a simpleton)
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To: truthandlife
* Economy not ‘frightenly horrible’ *

...unexpectedly.....

13 posted on 08/27/2010 12:46:20 PM PDT by PATRIOT1876 (Language, Borders, Culture, Full employment for those here legally)
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To: truthandlife

Who are you going to believe? The AP or your lying eyes?

The stock market is no longer an accurate measurement of the nations economy.


14 posted on 08/27/2010 12:51:47 PM PDT by Rational Thought
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To: truthandlife

What’s “frightenly”? *rolls eyes*


15 posted on 08/27/2010 12:54:48 PM PDT by Shelayne
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To: truthandlife

Whoo-hoo-hoo, look who knows so much. It just so happens that the ecomony here is only MOSTLY dead. There's a big difference between mostly dead and all dead. Mostly dead is slightly alive.

16 posted on 08/27/2010 12:59:53 PM PDT by 6SJ7 (atlasShruggedInd = TRUE)
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To: truthandlife

Everybody lets go back in the way back machine to 2007 when GDP slowed to ~1% growth. Wasn’t everyone in the media in sackcloth and ashes over it, calling it a “virtual” recession because you really needed >2% growth to accommodate population growth? Hmm...


17 posted on 08/27/2010 1:01:05 PM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: truthandlife
I would guess that depends on your point of view. If you're Barry Hussein Soetoro 0bama and vacationing every other week, eating lobster and wagyu steak, it is not bad.

On the other hand, if you're an American who has been out of work so long you've given up, then you have a different perspective.

18 posted on 08/27/2010 1:01:35 PM PDT by The Sons of Liberty (Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
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To: truthandlife

19 posted on 08/27/2010 1:35:04 PM PDT by AngelesCrestHighway
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To: truthandlife

LIARS ALL!

LLS


20 posted on 08/27/2010 2:05:03 PM PDT by LibLieSlayer (WOLVERINES!)
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To: truthandlife

Both are libtard news outlets.....Houston Chronicle and the AP....where denial is more the truth than telling the actual truth. =.=


21 posted on 08/27/2010 3:37:54 PM PDT by cranked
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To: Gaffer

When I was coming up, we’d have said “frighteningly.” I guess nowadays it’s okay to bastardize words; their teachers sure as hell don’t know the difference.

I hate to hear people say “he ‘commentated’ on this or that,” or “we ‘conversated’ about it.”
////////////////////////////////////////////////////////////
I agree completely! It grates on me to think that I have never had a language class post high school but it would appear that I am better qualified to teach English than ninety percent of the people who do. I am sometimes left wondering whether people even know what it is they are trying to say. When you have an idiot in the White House saying that some people will save “3000 percent” on their health insurance it doesn’t help matters any.


22 posted on 08/27/2010 7:46:36 PM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: AngelesCrestHighway

Bravo, that needs to be up on billboards all over this country.


23 posted on 08/27/2010 7:48:39 PM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: AngelesCrestHighway

That is truly wonderful. May I ask where you got it?
Did you make it?


24 posted on 08/27/2010 10:48:07 PM PDT by MarMema
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To: NorCoGOP

I love that - saw the premiere in Seattle for the play
a few years ago. Laughed until I cried.


25 posted on 08/27/2010 10:48:50 PM PDT by MarMema
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To: politicket
When a US Federal government deficit of $1.5 trillion can only produce a 1.6% GDP then I would call that “frightenly horrible”.

According to Hussein's plan this is a success. He's not stupid. He is evil.

26 posted on 08/27/2010 10:56:44 PM PDT by 3boysdad (Intellectualism is the new stupid!)
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To: 3boysdad
According to Hussein's plan this is a success. He's not stupid. He is evil.

I agree with you that Obama is evil.

However, the US Federal government going into this much new debt is an attempt by them to keep people from realizing the economic deflationary depression that we're in.

The international banking system is the one causing this depression by removing credit (money) from the system intentionally.

The point I'm trying to make is this: the public really needs to begin focusing more on the evil banking structure right now than the evil governmental structure. They're both evil, but in their own greedy ways.

27 posted on 08/28/2010 6:47:29 AM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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