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5 reasons why the shrinking GDP isn't a reason to panic (Spin Cycle)
Vox.com ^ | 06/25/14 | Danielle Kurtzleben

Posted on 06/25/2014 12:10:36 PM PDT by nhwingut

The US GDP fell at an annual rate of 2.9 percent in the first quarter, its slowest rate of growth since 2009, in the middle of the recession. And yet no one seems to mind. Stock markets didn't plummet, and no one is forecasting yet another recession. A shrinking GDP is never great news, of course, but here are a few reasons why economists and markets are shaking off the biggest economic contraction in more than five years.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; gdp; obama
All day comedy... Some of today's headlines.

Yahoo: We Just Got A Horrible GDP Report, And Here's Why You Shouldn't Care

CNN: 3 reasons not to freak out about -2.9% GDP

AP: U.S. economy collapses in first quarter, but growing again

1 posted on 06/25/2014 12:10:36 PM PDT by nhwingut
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To: nhwingut

Imagine this media during the Great Depression. haha


2 posted on 06/25/2014 12:12:53 PM PDT by Viennacon (Rebuke the Repuke!)
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To: Viennacon

“Bread lines promote exercise and socialization!”


3 posted on 06/25/2014 12:15:59 PM PDT by Army Air Corps (Four Fried Chickens and a Coke)
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To: nhwingut
The US GDP fell at an annual rate of 2.9 percent in the first quarter, its slowest rate of growth since 2009

Only in the weasel wording of the liberal "media" would a 2.9 percent contraction be termed a "rate of growth."

4 posted on 06/25/2014 12:21:37 PM PDT by ScottinVA (If it doesn't include border security, it isn't "reform." It's called "amnesty.")
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To: nhwingut

Oh, what’s the big deal? They do the same thing when a Republican is president. (sarcasmaroony)


5 posted on 06/25/2014 12:21:47 PM PDT by fhayek
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To: nhwingut

Yep. We’re definitely getting the Maytag treatment from the media.


6 posted on 06/25/2014 12:25:25 PM PDT by Lorianne (fedgov, taxporkmoney)
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To: Viennacon

Imagine if this were during George Bush’s term. They’d have been shrieking 24/7 that we were in a Depression.


7 posted on 06/25/2014 12:25:44 PM PDT by txrefugee
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To: ScottinVA

negative rate of growth ... which is why they won’t use that term.


8 posted on 06/25/2014 12:26:05 PM PDT by Lorianne (fedgov, taxporkmoney)
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To: ScottinVA

negative rate of growth ... which is why they won’t use that term.


9 posted on 06/25/2014 12:28:26 PM PDT by Lorianne (fedgov, taxporkmoney)
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To: nhwingut

NEGATIVE IS POSITIVE
WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH


10 posted on 06/25/2014 12:30:40 PM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: nhwingut

I like Zero Hedge’s interpretation of this. They detected some accounting sleight-of-hand at play.

Since the administration knew this was going to be a bad quarter, they delayed a large positive accounting entry until the second quarter. This makes the first quarter look “worse than expected” but gives them the opportunity to post good news going into the election this fall.


11 posted on 06/25/2014 12:42:03 PM PDT by AZLiberty (No tag today.)
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To: nhwingut

This is the best Summer I’ve had since I was a kid. The Democrat news media is stumbling around like a bunch of drunks trying to play hopscotch.


12 posted on 06/25/2014 1:19:42 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: nhwingut

I swear that reporters for Pravda and Izvestia were not as shameless as these hacks. At least in the Soviet Union, they would actually be shot for not toeing the party line. Here, they don’t get invited to cocktail parties.


13 posted on 06/25/2014 1:38:50 PM PDT by Stand W ( You can't fight in here! This is the War Room!)
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To: fhayek
here's our only "growth"
14 posted on 06/25/2014 2:12:01 PM PDT by 4Liberty (Optimal institutions - optimal economy.)
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To: nhwingut

Orwellian doublethink...War is Peace, Freedom is Slavery and now a negative GDP is prosperity.


15 posted on 06/25/2014 2:18:07 PM PDT by The Great RJ
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To: nhwingut

The housing market is booming again. This can’t be denied. It is silly to pretend we are in a huge recession. We’re not. But understand millions of jobs lost will never come back. Ever. They will be/are being replace(d) with automation and/or illegal aliens. THOSE people are in deep trouble.


16 posted on 06/25/2014 2:42:08 PM PDT by montag813
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To: nhwingut
I like how one of the reasons given for the negative growth was the cold weather.

Doesn't that mean that global warming will be good for the economy?

17 posted on 06/25/2014 2:45:57 PM PDT by Repealthe17thAmendment
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To: nhwingut
When polar vortexes and multiple feet of snow keep people stuck at home, they just can't get out to buy groceries or see the doctor.

Umm...didn't I just read that this was the warmest spring in recorded history? What happened to that?

18 posted on 06/25/2014 2:47:58 PM PDT by Billthedrill
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To: nhwingut

19 posted on 06/25/2014 2:56:19 PM PDT by JRios1968 (I'm guttery and trashy, with a hint of lemon. - Laz)
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To: nhwingut
Why yes grasshopper this appears to be a COW PATTY , but once it is dried and painted with a shiny enamel...., you will behold it as a gold artifact and be happy!
20 posted on 06/25/2014 5:46:21 PM PDT by ExSES (the "bottom-line")
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To: txrefugee

They basically tried that with the “worst economy since Herbert Hoover” line. Not sure if that was the media but more so the Democrat politicians but I’m sure it went unchallenged.


21 posted on 06/25/2014 6:10:48 PM PDT by CommieCutter ("For an idea to be too simplistic, it must first be proven wrong" --Thomas Sowell)
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