...the government said..."
Posted on 12/23/2014 11:57:30 AM PST by SeekAndFind
Evidence is mounting that the U.S. economy is kicking into high gear.
Gross domestic product soared 5% on an annual basis in the third quarter, the government said on Tuesday.
To put that in perspective, it's the strongest quarter of growth since 2003.
"Other than the first quarter's weather-induced contraction, there's no doubt the economy has been great this year," said Dan Greenhaus, chief global strategist at BTIG.
Investors cheered the news, sending the stock market to record highs with the Dow crossing 18,000 for the first time ever.
(Excerpt) Read more at money.cnn.com ...
I agree; the economy isn’t recovering. We’re supposed to think a slowing of the contraction/job losses is in fact a recovery. In my area we still have plenty of failed and failing businesses, and housing prices are still in the toilet.
Praise Obama. It’s a miracle. Now when are we gonna see those seas receding?
This is great news! My salary is still 33% lower than what it was in 2009! Happy Days are here again!
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Yes but you’re receiving $2500 per year savings on your health insurance....... Obama said so.
To Reinforce the above point, here is a Yahoo “Answers” exchange from Oct 11, 2008:
-”Drill baby drill! Doesn’t that seem rather crazy when we only have three percent of the world’s oil reserves?”
-”Yes. Drilling for oil where there is no oil is just plain stupid. We need alternative energy and we needed it 5 years ago.
Perhaps if the republicans who were in charge of everything at that time had worried a little more about energy and a little less about gay marriage and flag burning...we wouldn’t be in this mess.”
https://answers.yahoo.com/question/index?qid=20081011065649AApE9cm
The demorats will do anything with numbers to take the heat off 2016.
Well here the difference is gas prices for a full tank are only $20 cheaper than before. Not really gonna make or break someone usually. Maybe people who drive for a living get a huge break but for us it’s only $40 a month. That’s just $40 extra I can spend on groceries that prices have doubled on.
I’ll take it but it’s not make or break.
Oh wait. Can’t spend it on groceries. Our health insurance has gone up a lot more than that. Still waiting on my $2500 savings.
I suspect this is just an accounting trick to make this year look good just like the weekly jobs numbers then corrections coming out next week when no one is paying attention.
Doubled? Since 2008? What the heck are you buying, and where?
I think it is more like it had 5% inflation, when many idiots mistake for “growth.”
No doubt...
Are the numbers adjusted for inflation? if not, they are invalid.
Small minds (media, economists) are unable to handle the fact that inflation diminishes the value of money, causing the numbers to go up.
This confuses the mental midgets into thinking that the economy is improving.
Inflation (increase in money supply) creates the illusion
of prosperity. Everything but gasoline is more expensive. And gas prices will return to previous levels once marginal oil producers are eliminated.
I w some reports that most of it was spending on obamacare.
Bingo!
Where?
The liberals LOVE to trot out those charts showing the supposed “years” of monthly private-sector job growth. But it’s all bogus. The economy has been SHRINKING, not growing and jobs are being DESTROYED, not created.
If we ever get the REAL numbers, we’ll all see that those liberal charts on MSNBC and the White House website were upside down all the time!
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