GDP up 5.7% best since 2003

[ASPCA4EVER]

Posting article copy without the 'LINK' earns a poster a total deleted thread...on the forum that I'm a moderator of...why are you not able to supply those links...trying to hide something that you don't want us to read

WASHINGTON (AP) -- The economy boomed at the end of 2009, growing at the fastest rate in more than six years. Now if only it could keep it up.
The economy expanded at an annual rate of 5.7 percent in the fourth quarter, the second straight quarter of growth. But analysts warn it's unsustainable.
Consumer spending, chilled by double-digit unemployment and scant wage gains, remains weak. And the benefits of government aid and higher company output to feed stockpiles will dwindle.
Many analysts predict gross domestic product will expand at a rate closer to 2.5 to 3 percent in the current quarter and 2.5 percent or less for the year.

"BUT analysts warn it's unsustainable"...WELL DUH BABY STEPS...it's all about a nice slow recovery, instead of that pendulum swing that isn't sustainable...GOOD GRIEF

You seem so sadly - pathetically under the impression that the past 8 years will be completely and immediately turned over/around like magic...sorry to say that you're delusional and it took everyone being afraidy cat of that bar code {fear tactic manipulated by G.W.B. & Company} and they took their eye off of the financial 8 ball and dear Georgie & company ran this country into the ditch...financial fiasco while screaming..."the terrorist are coming-the terrorist are coming".

 

[Pidgey]

Are y'all going to actually hash this one out without any technical analysis whatsoever?

First, it's 5.7 annualized... so divide by four (4) to get the actual quarterly amount.

Second, transfer payments to the federal budget count in the GDP report but are really quite misleading. Given the increasing deficit, this is comparable to me saying I'm richer if I go to the bank and take out a $500,000 loan.

Third, there's a strong inventory-restocking bounce.

Fourth, figure the rise in prices for several things like energy and food (GDP is not adjusted for inflation) and you've pretty much taken care of all the "good news" in the report. The bad news is pretty bad and getting worse. But y'all just keep hanging on that "green shoots" BS while you've got the chance--they'll try to keep floating that for awhile longer until it's absolutely impossible to hide the real carnage that's going on.

Fifth, military spending counts in the GDP as well. Guess those wars are a good thing? Can you say, "Olive Drab shoots"?

 

[top gun]

question, will the Right ignore this? or just try to bash it for not being enough?

Oh they'll bash it. That's all they know how to do.

It's like when they say that the stimulus package didn't work because unemployment went a couple points passed the original estimate like the markers when stimulating the entire US economy was a 100% exact science. It may not be exact but we sure as hell can chose between something that will definately help or not. The fact that the vast majority of economists from both sides said it was critical to do it to keep The Bush Recession (greatest economic downturn since The Great Depression) from becoming The Bush Depression is just ignored and they whine... Well you said unemployment would top out at 8%.

It's like quickly trying to build a floodwall. You build it to the height of the flood you expect. If the water eventually tops it by a few inches sure the flood will creep a little into the supposedly protected zone. Think that 3 or 4 inches of water is bad? Think how it would of been without the 8 foot floodwall... 8' 3 or 4"!

 

[Hobo1]

Let me see, it has been 3 weeks since I have visited the "House of Politics". The same old people are still stick in their same old corners of the house, speaking the same old rhetoric about who is bashing whom.

Everything revolves around Obama. No matter what topic is discussed, everyone is regarded as being either in the pro-Obama corner or in the anti-Obama corner.

Not one original thought provoking analysis do I see in any post in this tread; not one original idea.

As for me, I think Obama is the best president since Abraham Lincoln. He is doing a terrific job in all areas, foreign and domestic. My only criticism is that he has screwed up almost everything and kept none of his promises.

There. Now does that make everybody happy or everybody angry? On this forum their can be no middle ground.

 

[dogtowner]

Posting article copy without the 'LINK' earns a poster a total deleted thread...on the forum that I'm a moderator of...why are you not able to supply those links...trying to hide something that you don't want us to read

"BUT analysts warn it's unsustainable"...WELL DUH BABY STEPS...it's all about a nice slow recovery, instead of that pendulum swing that isn't sustainable...GOOD GRIEF

You seem so sadly - pathetically under the impression that the past 8 years will be completely and immediately turned over/around like magic...sorry to say that you're delusional and it took everyone being afraidy cat of that bar code {fear tactic manipulated by G.W.B. & Company} and they took their eye off of the financial 8 ball and dear Georgie & company ran this country into the ditch...financial fiasco while screaming..."the terrorist are coming-the terrorist are coming".

my mistake, sue me


read the article, you are incorrect. short anwser is its another sugar high like the cash for clunkers.

 

[dogtowner]

Let me see, it has been 3 weeks since I have visited the "House of Politics". The same old people are still stick in their same old corners of the house, speaking the same old rhetoric about who is bashing whom.

Everything revolves around Obama. No matter what topic is discussed, everyone is regarded as being either in the pro-Obama corner or in the anti-Obama corner.

Not one original thought provoking analysis do I see in any post in this tread; not one original idea.

As for me, I think Obama is the best president since Abraham Lincoln. He is doing a terrific job in all areas, foreign and domestic. My only criticism is that he has screwed up almost everything and kept none of his promises.

There. Now does that make everybody happy or everybody angry? On this forum their can be no middle ground.

gee Dad, why you gotta be so mean ?

perhaps you can throw out the first original thought to get the ball rolling !

 

[ASPCA4EVER]

my mistake, sue me

Before I even contemplate that...could I see some financial/year end tax reports...

read the article, you are incorrect. short anwser is its another sugar high like the cash for clunkers.

And had it not been for the cash for clunkers would Chrysler or GM being to anything in today's market...and here you've been worried about their market share...nobody forced them to take the bailout...seems as though they were the ones that came a knock'n begging for a hand out!

"SAVE ME', 'SAVE ME' or we'll fail and the entire auto industry will go down with us"...GOOD GRIEF, there's no wining with you...just all whine...want some cheese & crackers to go with that? LOL

 

[ASPCA4EVER]

gee Dad, why you gotta be so mean ?

perhaps you can throw out the first original thought to get the ball rolling !

DITTO
OMG...OMG...OMG...we actually agreed on something

 

[dogtowner]

Before I even contemplate that...could I see some financial/year end tax reports...

And had it not been for the cash for clunkers would Chrysler or GM being to anything in today's market...and here you've been worried about their market share...nobody forced them to take the bailout...seems as though they were the ones that came a knock'n begging for a hand out!

"SAVE ME', 'SAVE ME' or we'll fail and the entire auto industry will go down with us"...GOOD GRIEF, there's no wining with you...just all whine...want some cheese & crackers to go with that? LOL

I suppose ths meaningless tangent is easier than accepting that while it was pleasant for a moment, this is a meaningless bump.

 

[ASPCA4EVER]

I suppose ths meaningless tangent is easier than accepting that while it was pleasant for a moment, this is a meaningless bump.

And yet you extended it as such...the IRONY IS AMAZING...truly

 

[dogtowner]

And yet you extended it as such...the IRONY IS AMAZING...truly

I extended what ? I just corrected your misconception.

 

[pocketfullofshells]

Once again empty pockets you misrepresent our posts.

Its not 99% of the US, its more like 50-70% of the political class who are progressives. The American people are predominately conservatives and moderates. And, they are waking up to the progressive agenda and the consequences for your side are ugly.

Very few Americans are progressives like you.

50-70% of Americans are Progressives....

Very few are Americans are progressives like me...

SO your then Mad that the govement follows what the Majorty or even 70% of Americans want? In a Democracy?

Also how is it that very few are progressives like me when you just sated as many as 70% of the population are?

Its sad this simple flaw even needs to be pointed out to you.

 

[pocketfullofshells]

He never mentioned socialism. Bush was a Progressive.

the dear Gipper was trying to bash Obama as Socialist and how Socialist could not ever fix a econ....my Statement was that it was a Capitalist who put the econ where it is in the first place...

But if you want to try to argue that Bush is now not even a capitalist...go ahead...it will be nice to know

 

[pocketfullofshells]

Let me see, it has been 3 weeks since I have visited the "House of Politics". The same old people are still stick in their same old corners of the house, speaking the same old rhetoric about who is bashing whom.

Everything revolves around Obama. No matter what topic is discussed, everyone is regarded as being either in the pro-Obama corner or in the anti-Obama corner.

Not one original thought provoking analysis do I see in any post in this tread; not one original idea.

As for me, I think Obama is the best president since Abraham Lincoln. He is doing a terrific job in all areas, foreign and domestic. My only criticism is that he has screwed up almost everything and kept none of his promises.

There. Now does that make everybody happy or everybody angry? On this forum their can be no middle ground.

So do something and post something worth while or quite crying...

 

[pocketfullofshells]

Once again empty pockets you misrepresent our posts.

Its not 99% of the US, its more like 50-70% of the political class who are progressives. The American people are predominately conservatives and moderates. And, they are waking up to the progressive agenda and the consequences for your side are ugly.

Very few Americans are progressives like you.

also going back to name calling are you? gee hope your mom does not find you out and ground you.