Posted on 03/01/2012 7:32:34 AM PST by Slyscribe
The economy expanded at a revised 3% annual rate in the fourth quarter. That’s the fastest growth since Q2 2010 and not a bad number by itself. But it’s a measure of how low expectations have fallen.
U.S. GDP hasn’t risen 4% or more in any quarter since the first quarter of 2006. That’s by far the longest such stretch on record going back to 1950. The only other sizable sub-par stretch was a three-year span from late 2000 to mid 2003 during the prior recession and sluggish recovery.
(Excerpt) Read more at blogs.investors.com ...
The democrats took over congress in Q3 of 2006? and the economy has tanked ever since? Connection?
But, we’ve finally turned the corner and are getting a handle on this economy. Gas prices are dropping and food is almost being given away. Oops, that must have been in bizzaro world!
The Rats took over Q1 2007. As a whole, the economy has been tanking for years. Bubbles was[is] the only thing keeping it up.
Its hilarious seeing the media shouting how great our economy is and how it guarantees OBama a second term. This is based off of one good jobs report which is a complete lie. No new net jobs were created last month, and we will see the actual unemployment rate jump .3 or .4% next week. About the same time as prices will hit 4 dollars for most of the country.
Yeah, even if a Repub is elected, its still musical chairs at the Titanic.
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