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U.S. Economy Grew at 1.2% Rate in Second Quarter (weaker than expected 2%)
NY Slimes ^
Posted on 07/29/2016 6:15:51 AM PDT by Red in Blue PA
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By all means, let's give these people who have not a clue about economics another 4 years control over the economy.
To: Red in Blue PA
2% ? That got GHWBush unelected.
2
posted on
07/29/2016 6:17:01 AM PDT
by
stylin19a
To: Red in Blue PA
Last quarter revised DOWN to .8%
3
posted on
07/29/2016 6:17:12 AM PDT
by
headstamp 2
(Fear is the mind killer.)
To: Red in Blue PA
first quarter was also revised down to .8% so the last 3 quarters we have averaged 1%....pathetic
4
posted on
07/29/2016 6:17:25 AM PDT
by
jneesy
(I want my country back and Trump is gonna give it to me)
To: Red in Blue PA
Dig into the boilerplate and discover that they are blaming....
THE VERIZON STRIKE!!
A strike that did little more than slow the rate of new FIOS installs. My brother’s buddy was on strike. Little did he know he had such power!
To: Red in Blue PA
We’ll find out how bad it really is when they are forced to tell the truth quietly and it is “reported” on page 28C of the NYTs. UGH! don’t you just hate these lies?
6
posted on
07/29/2016 6:18:17 AM PDT
by
jmaroneps37
(Conservatism is truth. Liberalism is lies.)
To: Red in Blue PA
If you subtract out deficit spending the economy is shrinking.
7
posted on
07/29/2016 6:19:16 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: Red in Blue PA
Well now this would go against what that old hag Fed Reserve Chair Yellen said just two days ago. (and surely had advance info of todays GDP No.) That everything was looking up. Gee one was almost left with the impression that she was talking up the economy just in time for the election.
8
posted on
07/29/2016 6:22:29 AM PDT
by
DAC21
To: Red in Blue PA
Less than 2% for three consecutive quarters.
9
posted on
07/29/2016 6:22:47 AM PDT
by
Starboard
To: Buckeye McFrog
The entire economy evidently rests on people getting triple play deals, buying lottery tickets, and smartphone apps.
Thank you, President Obama, for your service.
10
posted on
07/29/2016 6:23:07 AM PDT
by
oblomov
(We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
To: Red in Blue PA
For these brain dead keynesians, its all about aggregate demand.
Nothing about the USA’s massive pile of debt, or our overbearing, rapacious government.
11
posted on
07/29/2016 6:23:19 AM PDT
by
PGR88
To: Red in Blue PA
12
posted on
07/29/2016 6:23:44 AM PDT
by
Iron Munro
(If Illegals voted Rebublican 50 Million Democrats Would Be Screaming "Build The Wall!")
To: DAC21
The CBs want $hillary to win.
13
posted on
07/29/2016 6:25:26 AM PDT
by
oblomov
(We have passed the point where "law," properly speaking, has any further application. - C. Thomas)
To: Red in Blue PA
"...highlighting the economys continued ability to disappoint experts who have been
been paid off to say they are confident that better times are around the corner."
FIFY
To: Red in Blue PA
The number was well below the 2 percent pace of expansion that economists had been looking for No, that is flat out wrong. Economists were looking for a 2.6% increase. You have to question anything the NYT says.
To: Red in Blue PA
Uh oh New York Times! That sounds awfully “dark”, remember Obama and Hillary said that Trump and the Republicans were too “dark” and the official Democrat party line is everything is just sunshine and lollipops in America, happy days are here again! So you better get out there quick and say you messed up a decimal and the growth rate was really 12% instead of 1.2%!
16
posted on
07/29/2016 6:28:52 AM PDT
by
apillar
To: Red in Blue PA
Like the last 2 years, the Q3 will look much better and the Q4 will be weak again. The Dems will crow about the Q3 number right through to the election and the market will most likely rise in September and October.
But it won’t work.
17
posted on
07/29/2016 6:29:03 AM PDT
by
jdsteel
(Give me freedom, not more government.)
To: Red in Blue PA
In other words, the actual performance was 40% less than what had been reported. 1.2% and 2.0% does not seem like much of a difference, but it is a 40% miss....
18
posted on
07/29/2016 6:30:13 AM PDT
by
seamusnh
To: Red in Blue PA
19
posted on
07/29/2016 6:31:30 AM PDT
by
b4its2late
(A Liberal is a person who will give away everything he doesn't own.)
To: Personal Responsibility
That my FRiend is exactly how the game is played. People who produce “studies” that say things the government doesn’t want to hear don’t get anymore new contracts. You will not be on their solicitation list if you’re experts produce data, conclusions or recommendations that is contrary to the party line. Most contractors learn this political reality quickly or they don’t stay contractors very long.
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