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U.S. economy grows 2.5% in third quarter
Marketwatch ^ | 10.27.11 | Jeffry Bartash

Posted on 10/27/2011 8:04:43 AM PDT by Free Vulcan

U.S. growth accelerated in the third quarter as consumers and businesses ramped up spending, a report that shows the economy remained resilient in the face of strong headwinds.

Gross domestic product in the July-through-September period expanded at a 2.5% annual rate, the government said Thursday. That’s nearly double the 1.3% rate of growth in the second quarter and much faster than the first quarter’s tepid increase of 0.4%.

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


TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events
KEYWORDS: 0bamarigged; apiece0theaction; bs; canadianbusesup; coincidence; creativeaccounting; economic; economy; expected; finnishluxurycarsup; gdp; governmentsaid; inflationjokerama; maddow2; obamarigged; obamasstoogessaid; recovery; tacktaqiyya; tackytaqiyya; thirdquarter; unemployed9percent; wagyabeefsalesup; wherethesundontshine

1 posted on 10/27/2011 8:04:53 AM PDT by Free Vulcan
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To: Free Vulcan
Snooze until the revisions come out. Q2 initial report was well over 2.0%.

Also, even if these figures hold, inflation will outpace GDP for FY11... so what does that tell ya!

2 posted on 10/27/2011 8:14:19 AM PDT by 11th Commandment (http://www.thirty-thousand.org/)
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To: Free Vulcan
Now a good number for Obama

No need for stimulus because the economy is growing.

The price of goods is the reason the GDP grew as Food and Energy prices rose even though its not calculated in inflation.

3 posted on 10/27/2011 8:15:53 AM PDT by scooby321
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To: Free Vulcan

“headwinds” - what a wonderful word, like “resource”, or “issue” that says next to nothing when there is something more specific that needs to be said.


4 posted on 10/27/2011 8:16:34 AM PDT by frposty (I'm a simpleton)
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To: scooby321

Yup...more “playing” with the numbers.


5 posted on 10/27/2011 8:17:19 AM PDT by Michael Barnes (Obamaa+ Downgrade)
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To: Free Vulcan

Spending Has Collapsed, The Economy Is Next
http://www.freerepublic.com/focus/f-bloggers/2756067/posts
Q1 was only 0.4%. Q2 was 1.3%

Anything below 3% is considered ‘negative growth.’


6 posted on 10/27/2011 8:18:51 AM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Free Vulcan
The media is Polishing a TURD here

Anything less than 3% is bad news in normal times

All their budget projections to justify their ridiculous spending plans are based on 4% growth- 2.5 is a bad bad number

7 posted on 10/27/2011 8:23:29 AM PDT by Mr. K (We need a TEA Party march on GOP headquarters ~!!)
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To: Free Vulcan

Encouraging, as it shows how strong our great country is in spite of the damage the loon in the WH is doing to it.


8 posted on 10/27/2011 8:41:28 AM PDT by Rennes Templar (Fast & Furious: Holder gone by the end of the year.)
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To: Free Vulcan

Everyday this slant continues from Marketwatch.

Hype hype, not truth to be found.


9 posted on 10/27/2011 8:57:21 AM PDT by George from New England (escaped CT in 2006, now living north of Tampa)
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To: Free Vulcan
Kind of an odd celebration by this administration considering unemployment is still officially over 9%, we are $5 trillion more in debt than before Obama took office, the GDP average for the year is only about 1% growth, etc.
10 posted on 10/27/2011 9:02:08 AM PDT by tobyhill (Obama, The Biggest Thief In American History)
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To: Free Vulcan
US Real GDP Growth  Chart

US Real GDP Growth Chart by YCharts

11 posted on 10/27/2011 9:30:32 AM PDT by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: tobyhill

When you’re going over the precipice you’ll grab on to anything.

Other than rising food costs—which is not the same as having more discretionary income—I defy any one to tell me what generated this wonderful 2.5% growth. For example: Are there more people working and therefore spending? Are manufacturers producing more—or at least investing in fiscal plant? Is this generating spending and creating jobs? How new home starts? Up? Where? What about buying of existing homes? Up? Where? And so on.

Onada’s Marxist regime simply makes numbers up out of whole cloth and pretends they are reality.


12 posted on 10/27/2011 10:01:59 AM PDT by dools0007world
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To: Free Vulcan
...a report that shows the economy remained resilient in the face of strong headwinds.

Sounds like it came right out of Carney's office.

13 posted on 10/27/2011 1:27:19 PM PDT by hattend (If I wanted you dead, you'd be dead. - Cameron Connor)
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To: Free Vulcan

Do any of you guys have the actual GDP reports and revised reports for this year?

I remember GDP numbers being revised after initial reports.


14 posted on 10/27/2011 2:07:04 PM PDT by servantboy777
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To: Free Vulcan
And 2.4999% was due to inflation.

The poser in the Whitehouse ain't foolin' nobody no mo.

15 posted on 10/27/2011 2:12:29 PM PDT by Drill Thrawl (0 - 537 They ALL must go.)
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To: Mr. K; Free Vulcan
That’s nearly double the 1.3% rate of growth in the second quarter and much faster than the first quarter’s tepid increase of 0.4%.

As Victor Hugo would say, "Less Miserable."


16 posted on 10/27/2011 2:24:32 PM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
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To: Free Vulcan

Being revised downward in 3....2....1....


17 posted on 10/27/2011 3:00:01 PM PDT by Purrcival (Herman Cain 2012)
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To: Free Vulcan

I have a problem with how quarterly GDP reports are presented by the media in isolation from dependent issues such as national debt, government spending and unemployment.

When we say the GPD ‘grew’ by 2.5%; in terms of dollars and cents, it means the economy has grown by JUST $443 billion (2011 Q1-Q3) so far.

If you layer that over our catastrophic national debt, devaluation of our currency through ‘stimulus’, pervasive unemployment rate and Obama’s 2011 existing $3.82 trillion expenditure... the NET growth of 2.5% just evaporated.


18 posted on 10/27/2011 3:42:36 PM PDT by NYCIR
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To: NYCIR

It really is a fairy tale and the abdication of Fourth Estate is historic. The Republican nominee must hammer barry for this. If we get another RINO tip toeing through the Presidential debates we will lose.


19 posted on 10/27/2011 4:10:16 PM PDT by lodi90
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To: Free Vulcan

We can make fun of it all we want; the idiot public believes it. Point is it is a lie and media will tout it and the 9% unemployment and they’ll shout 8.9 from the rooftops soon...point is, how can we prove it’s a lie?


20 posted on 10/27/2011 4:48:42 PM PDT by CincyRichieRich (Keep your head up and keep moving forward!)
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To: Free Vulcan

Suuuuure it did /s ... like being 30% off and now only 27.5% off in that quarter.


21 posted on 10/27/2011 5:23:50 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: All

“Canadian buses up” —— haha good one!

Would be funnier if only it weren’t true of our idiot poser-in-chief touting “American jobs” while traveling in a Canadian bus flow to his destination area.


22 posted on 10/27/2011 5:26:03 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: Free Vulcan

and suddenly today, the OWP are all going to work in fantastic jobs? Is the food stamp program ending too?


23 posted on 10/27/2011 5:51:46 PM PDT by Varsity Flight
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To: Free Vulcan

All Borrowed and tacked on to the national Debt.


24 posted on 10/27/2011 6:15:18 PM PDT by Revel
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To: Free Vulcan

HOORAY!!! All our troubles are over. whoop whoop!


25 posted on 10/27/2011 9:28:19 PM PDT by Scotswife
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To: Free Vulcan

“Happy days are here again! The skies above are blue again...” /s


26 posted on 10/27/2011 10:19:29 PM PDT by newzjunkey (Republicans will find a way to reelected Obama.)
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To: All

The amount of whining on this web site is getting tiresome. Ya sound like a bunch of liberals.


27 posted on 10/28/2011 3:12:28 AM PDT by PjhCPA (Anybody but Obama or Romney)
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To: Free Vulcan

The fact that we are supposed to be happy about this number shows how low expectations are under Obama.


28 posted on 10/28/2011 2:26:02 PM PDT by KansasGirl
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