Economy grows at fastest pace in 6 years

#3
#3
1 in 10 people are jobless but the economy is growing at the fastest pace in 6 years? Yeah right. What a crock!!! MSNBC is a joke anyway
 
#4
#4
It should say "Economy, in Mexico and other cheap labor countries, grows at fastest pace in 6 years"
 
#5
#5
The nation's economy declined 2.4 percent in 2009, the largest drop since 1946. That's the first annual decline since 1991.

This is Obama"s fault
 
#8
#8
10% unemployment doesn't translate into economic expansion. The 4th quarter GDP numbers are always over-emphasized because nobody wants to point out the holiday sales are the driving factor. While GDP growth is good and important, it doesn't mean a whole lot when no one has a job. I'm sure when these numbers get revised it will be closer to 4.8%.
 
#9
#9
Thats funny that the economy has grown at its fastest pace in 6 years while u/e has risen to its highest rates in 20+ years
 
#10
#10
volfanjustin said:
The nation's economy declined 2.4 percent in 2009, the largest drop since 1946. That's the first annual decline since 1991.

This is Obama"s fault
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This is true because we all know that events prior to Obama taking office had nothing to do with the economy in 2009. It's obvious to anyone that the economy was healthy and booming until that fateful day in January, 2009.
 
#11
#11
VolInMn said:
This is true because we all know that events prior to Obama taking office had nothing to do with the economy in 2009. It's obvious to anyone that the economy was healthy and booming until that fateful day in January, 2009.
Click to expand...

We did have the dems in control of both chambers and there was a US Senator from Illinois who voted for every spending bill and bad fiscal policy that came through the senate. I can't remember his name, maybe you could help me out?
 
#12
#12
VolInMn said:
This is true because we all know that events prior to Obama taking office had nothing to do with the economy in 2009. It's obvious to anyone that the economy was healthy and booming until that fateful day in January, 2009.
Click to expand...

What Obama has done, and in some case chosen not to do, has had more negative impact on the economy in 2009 than anything prior. He had an excellent opportunity to assume the role of the POTUS with momentum and some positive changes with such an overwhelming support, and embarrassingly so, from most of the public and the media respectively. However, and unfortunately, he chose to focus nearly all of his attention on healthcare and the few things he has put in place for the economy have been massive failures.
 
#13
#13
Like I said, this is Obama's fault. Had he done the right things the economy would have never been in this situation to begin with and the growth would have been closer to 10%.

I keep forgetting that bad things have everything to do with him and good things have nothing to do with him.
 
#14
#14
VolInMn said:
Like I said, this is Obama's fault. Had he done the right things the economy would have never been in this situation to begin with and the growth would have been closer to 10%.

I keep forgetting that bad things have everything to do with him and good things have nothing to do with him.
Click to expand...

When he actually does something good, pro-American or pro-capitalist I will be the first on here to give him credit.
 
#15
#15
volfanjustin said:
When he actually does something good, pro-American or pro-capitalist I will be the first on here to give him credit.
Click to expand...

Says the man who had to have a link to Fox News before he'd believe the story to begin with.

I'm not sayin', I'm just sayin'...
 
#16
#16
VolInMn said:
Like I said, this is Obama's fault. Had he done the right things the economy would have never been in this situation to begin with and the growth would have been closer to 10%.

I keep forgetting that bad things have everything to do with him and good things have nothing to do with him.
Click to expand...

jesus man. this isn't real economic growth. the housing component is 100% due to the tax credit and the rest of it was slow inventory drawdown which means nothing. there was ZERO consumer growth. if you want to pat the arse on the back wait till he actually does something.
 
#17
#17
VolInMn said:
Like I said, this is Obama's fault. Had he done the right things the economy would have never been in this situation to begin with and the growth would have been closer to 10%.

I keep forgetting that bad things have everything to do with him and good things have nothing to do with him.
Click to expand...

Obama could crap golden bricks and I still wouldnt like him. We could have 20% growth and I still could care less about him. His ideas of what America should be and mine dont mix. See, I like the Constitution and think its a great thing. I believe he looks at it like a roadblock to his far left agenda.
 
#22
#22
from the WSJ:

The Commerce Department is expected to say GDP rose at about a 5% annualized pace in the final three months of last year, after inflation, which would be its fastest since early 2006. Slower liquidation of inventories held in warehouses and stockrooms is likely to contribute three percentage points of that growth.

How so? Production collapsed during the recession as companies sold from their existing inventories but didn't order new goods, because of uncertainty about future customer demand. These inventory declines dragged on GDP for six consecutive quarters, the longest streak on record since 1948.

Now that the pace of liquidation is slowing, those changes are showing up as a boost to GDP growth. Some economists prefer to look at final sales to domestic purchasers, a subset of GDP that doesn't include inventories and trade, to better gauge U.S. economic activity. That category is likely to grow at only a 2% pace, similar to the third quarter.

i.e. the inventories went to zero and there was no where to go but up.
 
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