Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

U.S. Economy Grew at 4% Rate in Second Quarter, Beating Expectations
New York Times ^ | 20 July 2014

Posted on 07/30/2014 1:08:25 PM PDT by Lorianne

The United States economy rebounded heartily in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent from April through June and surpassing economists’ expecations.

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


TOPICS: Business/Economy
KEYWORDS: gdp
Can you believe it! We're saved!
1 posted on 07/30/2014 1:08:25 PM PDT by Lorianne
[ Post Reply | Private Reply | View Replies]

To: Lorianne

Next week when the corrected numbers come out it will be -2%.


2 posted on 07/30/2014 1:09:39 PM PDT by E. Pluribus Unum ("The man who damns money obtained it dishonorably; the man who respects it earned it." --Ayn Rand)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne

Six this is two, Bravo Sierra, over.


3 posted on 07/30/2014 1:10:58 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne

Commerce Department? Let’s see...that’s the Federal Government, isn’t it?

OK...must be false then.


4 posted on 07/30/2014 1:11:12 PM PDT by SumProVita (Cogito, ergo....Sum Pro Vita - Modified Descartes)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne
Cool, then according to the Commerce dept and the NYT, the GDP growth for the first half was 1.1%.

Yippee.

After they adjust the number downward next month it'll be back to negative growth.

5 posted on 07/30/2014 1:13:33 PM PDT by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne

My thoughts exactly. The rainbows and unicorns finally arrived! Praise to Aiges-Bearing Jove.


6 posted on 07/30/2014 1:15:23 PM PDT by demshateGod (The fool hath said in his heart, There is no God.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SumProVita
The conversation went something like this:

White House to Commerce: "How much did the economy grow this quarter?"
Commerce: "What number would you like us to use?"

7 posted on 07/30/2014 1:17:07 PM PDT by ken in texas
[ Post Reply | Private Reply | To 4 | View Replies]

To: All

I’ll wait until the adjustments come out on Friday before labor day weekend.


8 posted on 07/30/2014 1:19:22 PM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Lorianne

and Moon is made of Cheese ,WOW


9 posted on 07/30/2014 1:19:56 PM PDT by molson209 (Blank)
[ Post Reply | Private Reply | To 1 | View Replies]

To: demshateGod
The rainbows and unicorns finally arrived! Praise to Aiges-Bearing Jove.


10 posted on 07/30/2014 1:20:32 PM PDT by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
[ Post Reply | Private Reply | To 6 | View Replies]

To: skeeter

They adjusted 1Q to -2.1%.

The original swing was 3.9 points. Now it’s a 3.1 point reduction from the original 1%.

I’m thinking this will get revised down to just below 2% eventually.

America is stagnant economically.


11 posted on 07/30/2014 1:21:31 PM PDT by Bogey78O (We had a good run. Coulda been great still.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Lorianne

Sure it is. Which major companies just laid off 1000s? Mirosoft, ....

What is the number for the banks?


12 posted on 07/30/2014 1:23:02 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SumProVita

Exactly. Even if by some remote chance this is true, they have zero credibility at this point. And they know it.

So, why 4%? It’s nice round number. Four is a very good useful number and hasn’t been used in a while. Completely underused for some years now. I like 4. Who would not like the number 4 ? ... unless they are ‘haters’ or racists something.


13 posted on 07/30/2014 1:23:05 PM PDT by Lorianne (fedgov, taxporkmoney)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Bogey78O

Original was +0.1% not 1.0% and was based on the flawed ACA methodology now fixed.


14 posted on 07/30/2014 1:25:23 PM PDT by Wyatt's Torch
[ Post Reply | Private Reply | To 11 | View Replies]

To: Lorianne

Liar, liar, pants on fire.


15 posted on 07/30/2014 1:26:21 PM PDT by VRWC For Truth (Roberts has perverted the Constitution)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne

Oh Happy Day! Hallelujah. All praise Dear Leader.


16 posted on 07/30/2014 1:27:51 PM PDT by ProtectOurFreedom
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

1st revision is scheduled for 8/28

2nd revision scheduled for 9/26

3rd scheduled for 10/30

The while schedule is published http://www.bea.gov/newsreleases/news_release_sort_national.htm


17 posted on 07/30/2014 1:28:20 PM PDT by Wyatt's Torch
[ Post Reply | Private Reply | To 2 | View Replies]

To: Lorianne

I wonder how much of that “growth” was inflation?


18 posted on 07/30/2014 1:28:29 PM PDT by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ken in texas
White House to Commerce: "But don't use it all up. Save some growth for the September and October reports."
19 posted on 07/30/2014 1:29:28 PM PDT by ProtectOurFreedom
[ Post Reply | Private Reply | To 7 | View Replies]

To: E. Pluribus Unum; All
"Next week when the corrected numbers come out it will be -2%."

Yes, revisions tend to show worse results.

20 posted on 07/30/2014 1:31:33 PM PDT by Amendment10
[ Post Reply | Private Reply | To 2 | View Replies]

To: Lorianne

The inventory levels soared.

Yeah, companies produced some stuff. But they are not selling it to the end consumer.


21 posted on 07/30/2014 1:34:33 PM PDT by Vermont Lt (If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne

With the elections just a couple months away, this is about the time I figured the Media would start covering for Obama again. Not that they ever really quit.

We should expect to see nothing but unicorns and lollipops from the Media in regards to the Democrats from here till the end of November and Republicans will be portrayed as evil and all that’s wrong with the universe.


22 posted on 07/30/2014 1:36:46 PM PDT by Carbonsteel
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

Come now, you know the real numbers won’t be released until the day AFTER Election Day...


23 posted on 07/30/2014 1:39:54 PM PDT by Salgak (Peace through Superior Firepower. . . .)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Lorianne

I thought I read earlier that June data was incomplete and this was purely an estimate..


24 posted on 07/30/2014 1:41:08 PM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne

I don’t believe any economic data published by the Federal Government. That is a very sad thing to say.


25 posted on 07/30/2014 2:06:23 PM PDT by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution)
[ Post Reply | Private Reply | To 1 | View Replies]

To: E. Pluribus Unum

Exactly. Wait until the lies about the 3rd quarter come out just before the mid-term elections.

So-called low information voters (I prefer low IQ voters - most are still stupid even with the information) eat the BS up.


26 posted on 07/30/2014 2:08:17 PM PDT by Fledermaus (Conservatives are all that's left to defend the Constitution. Dems hate it, and Repubs don't care.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: ken in texas

Indeed! Could this have been similar to conversations between the White House and the IRA...as well as the DOJ?


27 posted on 07/30/2014 2:10:16 PM PDT by SumProVita (Cogito, ergo....Sum Pro Vita - Modified Descartes)
[ Post Reply | Private Reply | To 7 | View Replies]

To: VRWC For Truth

So says the outfit whose stock took a 10% dump in two days.

I shorted them last month and $$$ are involved.

Thanks, Punch!!


28 posted on 07/30/2014 2:11:23 PM PDT by bakeneko
[ Post Reply | Private Reply | To 15 | View Replies]

To: 3Fingas

I don’t either. I wonder how many millions, if not billions, of dollars we waste putting out BS statistics.

The same with the CBO and the GAO and all the IG’s. Waste of money. Everyone knows the CBO is garbage in/garbage out. The GAO issues reports that change nothing, no one gets fired, no one goes to jail.

The IG’s show corruption and, again, nothing ever happens.

Total waste of billions of dollars that never stop. All these useless bureaucrats will be paid billions more when they “retire” for life.


29 posted on 07/30/2014 2:12:05 PM PDT by Fledermaus (Conservatives are all that's left to defend the Constitution. Dems hate it, and Repubs don't care.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Amendment10

They deliberately release “optimistic” numbers because state-controlled media ignores the corrected numbers when they come out.


30 posted on 07/30/2014 2:13:02 PM PDT by E. Pluribus Unum ("The man who damns money obtained it dishonorably; the man who respects it earned it." --Ayn Rand)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Fledermaus

exactly

I don’t believe the numbers either


31 posted on 07/30/2014 2:13:58 PM PDT by GeronL (Vote for Conservatives not for Republicans)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Lorianne

Lol! The register language of their ideology/philosophy is so easy to mimic, you’d think the vast majority of the public could have readily seen through them much earlier. Unfortunately, their beginnings of awakening may be a bit too late now.

PS Love the quote by Camus on your home page.


32 posted on 07/30/2014 2:19:44 PM PDT by SumProVita (Cogito, ergo....Sum Pro Vita - Modified Descartes)
[ Post Reply | Private Reply | To 13 | View Replies]

To: ken in texas

I did not mean to say the IRA...but rather the IRS.

;-o


33 posted on 07/30/2014 2:22:11 PM PDT by SumProVita (Cogito, ergo....Sum Pro Vita - Modified Descartes)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Lorianne

Piles of BS and many lies. Typical administration horse manure.


34 posted on 07/30/2014 2:23:36 PM PDT by mulligan (I)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Lorianne

Yeah, by who’s numbers?


35 posted on 07/30/2014 2:24:01 PM PDT by ThePatriotsFlag ($$$$$$$$ DEFUND OBAMA! $$$$$$$$$)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Little Ray

Bingo, we have a winner! They’ve been fiddling with the inflation number for the last few years to keep a positive GDP number and that’s in addition to the revisions on how the GDP is calculated to double count some economic activity and to include phantom economic activity.


36 posted on 07/30/2014 2:47:52 PM PDT by RetiredTexasVet (His Arrogance would love to replace John Kerry-Heinz but all the trained monkeys turned him down.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: RetiredTexasVet

Thanks! When do I get my certificate?

I have been watching earning drop as raises are below the real inflation rate.
I won’t complain - being employed right now is pretty good!
But our currency is being debased and it will have an impact on us internationally.


37 posted on 07/30/2014 3:28:19 PM PDT by Little Ray (How did I end up in this hand-basket, and why is it getting so hot?)
[ Post Reply | Private Reply | To 36 | View Replies]

To: Lorianne

Yeah, well, we’re importing the economy killers now aren’t we. Just wait until next quarter. For every 100 illegal alien jobs, 65 American workers are displaced and we’ve recently imported millions of illegal aliens. Plus, the tax dollars that were earmarked to help Americans get ahead, now go to people in this country illegally. Healthcare premiums will rise, due to all the newly uninsured population who become permanent patients in emergency rooms. Crime will rise tremendously...prostitution, drugs, human trafficking, assaults, burglaries, gang violence and car thefts. Along with rising crime comes rising costs to control it...prisons and jails, etc. Not to mention the lives of law enforcement officers targeted by drug cartels, etc. Local, State and Federal budgets will all suffer. These people drain the budgets and entitlement programs - they do no contribute. Education budgets will suffer due to all the specialized classes and classrooms for people here illegally. Unemployment will rise tremendously as Americans are displaced by cheap labor - five dollars and hour - of those here illegally. As the cost of labor goes down, due to slave labor, so does American’s paychecks. Income inequality will rise. Horrible policy from a horrible Democratic Party of America - the anti-American atheistic socialist party.


38 posted on 07/30/2014 3:58:14 PM PDT by jacknhoo (Luke 12:51. Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson