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Pensacola Discussion Forum » Politics » 3rd quarter GDP (final estimate): 5.0%

3rd quarter GDP (final estimate): 5.0%

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ZVUGKTUBM
boards of FL
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boards of FL

boards of FL

http://mam.econoday.com/byshoweventfull.asp?fid=461149&cust=mam&year=2014&lid=0&prev=/byweek.asp#top



Great day for Americans. Terrible day for republicans.


Third-quarter GDP was revised sharply higher to plus 5.0 percent for the strongest rate since way back in third-quarter 2003. Today's second revision, up 1.1 percent from the first revision and compared to plus 4.6 percent for the second quarter, reflects gains for health care, recreation, financial services, and software. Final sales were also revised sharply higher, to plus 5.0 vs a prior reading of 4.1 percent. GDP prices remain soft at plus 1.4 percent in a reading that is likely to ebb further given this quarter's drop in oil prices. Today's results point to unexpectedly strong economic momentum going into the current quarter.


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ZVUGKTUBM

ZVUGKTUBM

US economy grows incredible 5%
http://money.cnn.com/2014/12/23/news/economy/us-gdp-economy-5-percent-growth/index.html?hpt=hp_t2

"...To put that in perspective, it's the strongest quarter of growth since 2003..."

http://www.best-electric-barbecue-grills.com

gatorfan



boards of FL wrote:http://mam.econoday.com/byshoweventfull.asp?fid=461149&cust=mam&year=2014&lid=0&prev=/byweek.asp#top



Great day for Americans.  Terrible day for republicans.
[/quote]

Why is that? Aren't they Americans too? Don't they work and contribute to the economy? Or do you have to be Dem or communist in this day and age to be considered an "American"?

Wow - you are a weird one......

KarlRove

KarlRove

More made up numbers...fantasy

boards of FL

boards of FL

gatorfan wrote:
boards of FL wrote:http://mam.econoday.com/byshoweventfull.asp?fid=461149&cust=mam&year=2014&lid=0&prev=/byweek.asp#top



Great day for Americans.  Terrible day for republicans.


Why is that? Aren't they Americans too? Don't they work and contribute to the economy? Or do you have to be Dem or communist in this day and age to be considered an "American"?

Wow - you are a weird one......


Because they're idiots with a worldview that isn't actually based in reality.  Republicans share a reality that is entirely fabricated, so when news comes out that doesn't fit with their worldview, they are forced to then make shit up on the fly in order to explain it away.

PACEDOG has been kind enough to illustrate this perfectly.


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knothead

knothead

boards of FL wrote:
gatorfan wrote:
boards of FL wrote:http://mam.econoday.com/byshoweventfull.asp?fid=461149&cust=mam&year=2014&lid=0&prev=/byweek.asp#top



Great day for Americans.  Terrible day for republicans.


Why is that? Aren't they Americans too? Don't they work and contribute to the economy? Or do you have to be Dem or communist in this day and age to be considered an "American"?

Wow - you are a weird one......


Because they're idiots with a worldview that isn't actually based in reality.  Republicans share a reality that is entirely fabricated, so when news comes out that doesn't fit with their worldview, they are forced to then make shit up on the fly in order to explain it away.

PACEDOG has been kind enough to illustrate this perfectly.


LOLOL

Guest


Guest

Do you mean fabrication like pumping trillions of air dollars into the markets and banks and corps...

and calling that a recovery? I call it a bubble at best... flat fraud and theft at worst.

boards of FL

boards of FL

PkrBum wrote:Do you mean fabrication like pumping trillions of air dollars into the markets and banks and corps...

and calling that a recovery? I call it a bubble at best... flat fraud and theft at worst.


No. That is called monetary policy. And for the rest of us living in the information age, it appears as if it has done quite well.

For cave-dwelling, neanderthal republicans.....CONSPIRACY!!!


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2seaoat



The President continues in unprecedented economic growth. The Stock Market just hit 18k for a new record, and consumer confidence is growing. People are finding employment, and finally the President almost has us out of the ditch which after six years of patience and strong will.....the American people are once again with hope.

KarlRove

KarlRove

Stocks are bloated worse than in 08.

Employment is found at 25% less pay and hours.

We are far from out of a ditch when record numbers of people are taking public assistance.

2seaoat



Stocks are bloated worse than in 08.

I know baby boomers who lost 60% of their retirement with President Bush's economic policies, who know have recovered most of those losses. Those folks think bloated is good. They are enjoying early retirement as they no longer PARTICIPATE, and enjoy their early retirement.

boards of FL

boards of FL

KarlRove wrote:Stocks are bloated worse than in 08.

Employment is found at 25% less pay and hours.

We are far from out of a ditch when record numbers of people are taking public assistance.


A trend of gross redistribution of wealth has been in place since the 80's and is to blame for the public assistance and income numbers. This will not change until either 1) district gerrymandering is first corrected so that republicans can be evicted from the House or 2) republicans evolve on this issue and agree that it is something that should be addressed.

2 definitely isn't going to happen.


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boards of FL

boards of FL

http://mam.econoday.com/byshoweventfull.asp?fid=461228&cust=mam&year=2014&lid=0&prev=/byweek.asp#top

3rd quarter GDP (final estimate): 5.0% Showimage

Corporate profits in the third quarter came in at $1.895 trillion, following $1.842 trillion for the second quarter. Profits in the third quarter rose an annualized 11.9 percent after a 27.1 percent gain in the first quarter. Profits are after tax but without inventory valuation and capital consumption adjustments. Corporate profits on a year-on-year basis were up 5.1 percent, compared to 4.6 percent the prior quarter.


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ZVUGKTUBM

ZVUGKTUBM

CNN/ORC Poll: Obama ends year on an upswing
http://www.cnn.com/2014/12/23/politics/obama-approval-rating/index.html?hpt=hp_t2

"Improving views of the economy have helped hike President Barack Obama's approval rating to a 20-month high, a new CNN/ORC poll showed Tuesday..."

http://www.best-electric-barbecue-grills.com

2seaoat



Oh my.....President Obama's popularity numbers never got as low as President Reagan......has Mr. Markle jumped off a building.......President Obama is heading to the hall of fame wearing number 42.

boards of FL

boards of FL

I'm really looking forward to next years final budget numbers. If we eventually return to surplus from the worst budget in US history...look out.


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boards of FL wrote:http://mam.econoday.com/byshoweventfull.asp?fid=461149&cust=mam&year=2014&lid=0&prev=/byweek.asp#top



Great day for Americans.  Terrible day for republicans.


Third-quarter GDP was revised sharply higher to plus 5.0 percent for the strongest rate since way back in third-quarter 2003. Today's second revision, up 1.1 percent from the first revision and compared to plus 4.6 percent for the second quarter, reflects gains for health care, recreation, financial services, and software. Final sales were also revised sharply higher, to plus 5.0 vs a prior reading of 4.1 percent. GDP prices remain soft at plus 1.4 percent in a reading that is likely to ebb further given this quarter's drop in oil prices. Today's results point to unexpectedly strong economic momentum going into the current quarter.

3rd quarter GDP (final estimate): 5.0% Images?q=tbn:ANd9GcRaEsaC2-RWLghAwMvrVzodvij4oQfRt288shr0tOKl_Jdychay7g

I see... So celebrating how well the large corporations are doing even though the middle class continues to fail and more and more go on welfare is something that progressive liberals appreciate and support.

Could we be a little more hypocritical and perhaps give the large corporates some more incentives using tax payer dollars to do so?

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