Also, even if these figures hold, inflation will outpace GDP for FY11... so what does that tell ya!
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.
“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.
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.’
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
Encouraging, as it shows how strong our great country is in spite of the damage the loon in the WH is doing to it.
Everyday this slant continues from Marketwatch.
Hype hype, not truth to be found.
Sounds like it came right out of Carney's office.
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.
The poser in the Whitehouse ain't foolin' nobody no mo.
Being revised downward in 3....2....1....
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.
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?
and suddenly today, the OWP are all going to work in fantastic jobs? Is the food stamp program ending too?
All Borrowed and tacked on to the national Debt.
HOORAY!!! All our troubles are over. whoop whoop!
“Happy days are here again! The skies above are blue again...” /s
The amount of whining on this web site is getting tiresome. Ya sound like a bunch of liberals.