Posted on 01/28/2011 5:51:30 AM PST by coaltrain
Edited on 01/28/2011 5:59:38 AM PST by Admin Moderator. [history]
The U.S. economy accelerated in the fourth quarter, the Commerce Department reported Friday. Real gross domestic product rose at a 3.2% annualized rate in the fourth quarter, up from a 2.6% rate in the third quarter. The gain was slightly below expectations.
(Excerpt) Read more at marketwatch.com ...
I ain’t buying this any more than I did when the RATS controlled the House.
Are they subtracting the effects of inflation on these data?
Waiting for detailed breakdown.
Americans realized B.O. would not have total control...the happiness caused a higher GDP.
GDP actually grew by .8%. It's one thing the Euros do that I agree with.
Multiplying it by four is a distortion. IMHO.
I do also see signs that the high-tech job market is picking up. My gut feel is that an actual recovery has started now (no thanks to Obama!).
Huh? What laws did they get through/revoke during the time before the November election. Oh, by the way, they didn't actually take office till January 1st so you can't credit the new Congress, either.
Bull$hit.
Inflation as they define it, through the GDP deflator. ShadowStats has an alternate measure.
They’ve not been to the grocery store or put gas in the car lately then. Grapes were nearly $4 a pound at the NAVY commissary 2 weeks ago.
What was the overall rate for calendar year 2010? No one in government can turn this around—certainly not a divided government headed by a radical Marxist. It is about jobs and so far the outlook is bleak for 2011. We are not even keeping up with population growth, much of it fueled by immigration.
The market responds to the future. Look when the economy hit the fan. In 2008 when it was clear the Dems were going to win the White House, and the culture was higher taxes, more regulation, more job killing policies. Don’t think for a second that business responded to the November elections. The shift in the House and Senate killed Cap & Trade, meant better tax policy, and put the brakes on the ridiculous policies of the last two years. A lot of uncertainty went out the window with a GOP House.
That is not the only factor but it is a significant contributor.
Baloney.
It’s all inflation. But because the government is monkeying with the inflation methodology it can claim it is real growth.
Who ya gonna believe? The government or your lying eyes?
Take away ALL OF THE FED MONEY PISSED AWAY IN STIMULUS AND BAILOUTS AND THERE WAS NEGATIVE GROWTH!
LLS
i don’t believe any of it.
especially since it’s been the habit of this administration to put out rosey gdp numbers ... then promptly ‘revise’ them 2 months later (in other words, replace the lie with the truth)
How much of the increase in the Gross Domestic Product is due to Gross Domestic Inflation?
I know I’m paying more for everything lately.
These figures come from Obama's Commerce department. You do the math.
Thanks for the chart.
So, adjusted for inflation, the GDP is -2%.
I’d call that a recession.
We’re on a roll.
/s
Unemployment news yesterday was terrible and it wasn’t mentioned anywhere....not even here.
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.