U.S. Economy Grows 3.2% in 4Q

FoxBusiness.com ^ | 1/30/14 | Reuters

[mykroar]

Robust household spending and rising exports kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014.

Gross domestic product grew at a 3.2 percent annual rate, the Commerce Department said on Thursday, in line with expectations.

While that was a slowdown from the third-quarter's brisk 4.1 percent pace, it was a far stronger performance than earlier anticipated and was welcome news in light of a 0.3 percentage point drag from October's partial government shutdown and a much smaller contribution to growth from a restocking by businesses.

Earlier in the quarter many economists were anticipating a growth pace below 2 percent given that an inventory surge accounted for much of the increase in the July-September period.

[Revel]

The only reason to publish government numbers is to see what the latest lies are.

[Wyatt's Torch]

Components of GDP:

[sarge83]

3.2% growth in 4th quarter?

http://www.youtube.com/watch?v=InaRIYFPMiY

thus saith the Iceman and anyone else with walking around sense.

[cdcdawg]

Recovery Summer 6.0 is just around the corner!!!

[Scotswife]

we’ve recently been told that Christmas sales were dismal.
Applications for unemployment insurance increased.
Retail chains are closing down stores.
Millions have stopped looking for work.
Homes sales have dropped.

Despite all of this - we managed to have robust growth.

[Whats-wrong-with-the-truth]

Uuuu hmmmmm (clearing throat) BULL S***!
Where is this "American economy" growing? In China? 92,000,000 + MILLION adult American citizens within our boarders are out of work with major corporations (i.e. J.C. Penny, Rosie O'Donnell's K-Mart and many others) making plans for closing down countless locations which will... in turn, put tens of thousands more out of work.

If ever anyone needed proof that obama and his henchmen are smoking crack (and God only knows what other mind altering substances they're injesting) all we need do is read these bogus economic reports. It's all a bunch of communist propaganda and it's paralyzing our nation.

[Wuli]

“Robust household spending and rising exports kept the U.S. economy” UP, on the books of American companies and by the standards of what money has changed hands in the economy, while there is little improvement on either the employment picture, the numbers “permanently” unemployed or the % of the working age population that is actually working.

Like Henry Ford said, he needed people who earned enough to be able to buy his cars.

There may be some “recovery” going on with the “U.S. economy” by some statistics, but it is NO recovery that most of the population is participating in - it remains stagnant at best in terms of where most people are.

[Whats-wrong-with-the-truth]

"Applications for unemployment insurance increased."

Yeah... One of my sons is in a profession in Wisconsin where two or three times a year they are laid off for a few weeks (Union crap ya know?!) and when they are they file for unemployment, which I might add they are legally entitled to as the employers pay unemployment insurance just like every employer does. It's not some "extension" or some scam that's used to pilfer the tax-payers out of our hard earned money it is just the nature of the industry he is in. That said, I'd just a soon do away with unemployment altogether.
Anyway... During their last break over the Christmas holiday season it turns out Wisconsin discontinued accepting unemployment applications. Seems they were over extended paying all the "extended" benefits obama ordered them to pay to people that haven't worked for a couple of years.

Know this... We cannot believe anything this administration and their shills tell us.

[rambo316]

It is all just an illusion and and faux news is part of it!!

[old and tired]

Can someone explain to me - in layman’s terms - how the GDP is calculated? I feel like I’m reading Pravda. My eyes and my wallet are telling quite a different story. I know food prices have gone through the roof - would that account for a rising GDP?

[kingattax]

THIS economy ? 3% growth in ONE quarter ?????????

someone needs to put the crack pipe down immediately.

[WilliamRobert]

Key words: the Commerce Department says ...
Anything coming from the progressives is a lie. Trust nothing these people say.

[JPJones]

“Can someone explain to me - in layman’s terms - how the GDP is calculated? I feel like I’m reading Pravda. My eyes and my wallet are telling quite a different story. I know food prices have gone through the roof - would that account for a rising GDP?”

GDP= G + I + C + (e-i)

Government spending + Investments + Consumption + (exports -imports)

Right now, our economy is almost completely reliant on the government spending component, which is all borrowed money.

Regulation has killed Investments, Obamacare has killed employment which has killed Consumption.

This is an ongoing shift from a mostly Consumption economy to a mostly Government spending economy.

[gogeo]

I can’t be the only person who cynically views government statistics?

[Gene Eric]

Big change in Q4 trade from the previous years. Wonder why.

[Wyatt's Torch]

Sigh... No it’s 3% ANNUALIZED growth...

[bert]

so, what was the annual growth for the whole year 2013?

The number is I believe 2.7%

[hinckley buzzard]

This is so eerily reminiscent of the soviet’s domestic propaganda in the 60s.

Not just the 60's. For seventy years. And the "Ministry of Truth" which now is the face of the Obama regime is no more realistic or reliable.

[hinckley buzzard]

348,000 new unemployed. 72,000 new mostly part time jobs. Some recovery.

[hinckley buzzard]

Don't forget car sales, they dropped big time in January too.