And it will “unexpectedly” be revised down next quarter.
The only thing holding 0bama’s head above water is something he hates.
No, not the KKK, worse!
FRACKING!!!
Interesting that the word “oil” does not appear in this report.
IMHO, the large reduction in gasoline prices has a lot to do with the supposed upturn in the economy.
Here’s the report’s view on this: “The economy has benefited in recent months from sharply lower energy prices. Cheaper fuel has given consumers and businesses more money to spend on other goods and services that drive growth.”
The libs are in remorse because wind and solar have had virtually NO influence on the US economy.
There are lies, damned lies.. and then there are statistics
Exposing The Deception: How The US Economy "Grew" By $140 Billion As Americans Became Poorer
The Housing Recovery Remains Cancelled Due To 6 Months Of Downward Revisions
Durables Goods Data Ugly Across The Board, Worst Since Polar Vortex
Fuzzy math?
Why do we need zero percent interest rates - ZIRP when the economy is growing like gangbusters??
BS!
“18,000”
A number that is not adjusted for inflation is worth nothing. The idiots are so fixated on the three zeros that they can’t understand what I just said.
BS
They present out select figures that they feel best support, and exclude the others. Ask yourself, what figures are really missing, or what is not described by the babble in numbers. Are plenty of people living in affordable situations? Are plenty of people working at a job with decent pay? Are plenty of people working some holiday season packing job just to scrap what little bucks they can on a crazy shift? As I have come to find, saying employment doesn’t do the situation in the economy any justice. Simply mentioning the total size of the economy also doesn’t say much because how different is the holiday surge from other years, or is it not significantly different. The big facts that plenty of these economic reports rely is on you not coming up with questions that the data doesn’t answer.
Everything Obola does is a lie.
Stop. Zero Hedge, an economics blog posted frequently here on FR has done some analysis....the bulk of consumer spending responsible for the increase was due to spending on OBAMACARE.
Search somewhere here on FR....it is here.
I just got back from Walmart an hour ago. There was almost nobody in the store. 2 days before Christmas and Walmart is as crowded as any other week day.
That 5% GDP is a bunch of horse squeeze.
http://www.zerohedge.com/news/2014-12-23/here-reason-surge-q3-gdp
It appears the bulk of consumer spending came because of increased Obamacare costs.....if the analysis at zerohedge can be believed.
You won't hear that on the networks, eager to prop up the Obama Regime.