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Thread: Economy expanded at fastest pace in a year as summer waned

  1. #11
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    Re: Economy expanded at fastest pace in a year as summer waned

    Republicans and their sycophants will go to great lengths to find a cloud in this silver lining.

    Imagine if the President could get his job bills passed the positive one two punch this would have for the nation in battling unemployment.
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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by haymarket View Post
    Republicans and their sycophants will go to great lengths to find a cloud in this silver lining.

    Imagine if the President could get his job bills passed the positive one two punch this would have for the nation in battling unemployment.
    things are proceeding as i expected they would...i figured it would take a couple of years to get things turned around, and it does appear we are headed in the right direction...not that we don't have work to do, but we are heading the right way.

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by Kandahar View Post
    A bit of inflation would be very helpful right now. It would help reduce the crippling debt burdens on consumers, and it would help reduce unemployment. I like the idea of the Fed pursuing a target of nominal GDP growth (which is real GDP growth + inflation), rather than an inflation target. With the economy in the duldrums and unemployment stuck at high levels, we should be aiming for about 4% inflation instead of 1-2%.
    Disagree. The worker will still have almost no bargaining power to increase wages. Even the current rate of inflation is hard for a lot of us.

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by AdamT View Post
    GDP grows more than expected, unemploymnet down slightly, manufacturing and exports picking up. Yep ... sky must be falling.
    What article did you read? More than expected..."GDP...matched economists' expectations", unemployment down slightly..."not fast enough to make a dent in unemployment."...'recovery's pace is still too weak to lower a jobless rate"

    What number is 'spin'?

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by haymarket View Post
    Imagine if the President could get his job bills passed the positive one two punch this would have for the nation in battling unemployment.
    Yeah, national debt would go up another half trillion.

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by randel View Post
    i would think this is good news, no matter your politics...couple this with the good news on the European debt crisis, and i'd say we are headed in the right direction.
    This is great news. Instead of the conomy being crappy, it's just pissy. I'm pumped!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by Helix View Post
    Disagree. The worker will still have almost no bargaining power to increase wages. Even the current rate of inflation is hard for a lot of us.
    Workers bargain for increased wages via increased performance, job skills, changing industries, moving to where wages are higher, moving to where they are big fish in a small pond, working overtime, etc., etc.

    I see your "almost no bargaining power" and I laugh.

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by haymarket View Post
    Republicans and their sycophants will go to great lengths to find a cloud in this silver lining.

    Imagine if the President could get his job bills passed the positive one two punch this would have for the nation in battling unemployment.
    Yeah, just imagine all the new debt and deficit spending. That would awesome, huh?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Economy expanded at fastest pace in a year as summer waned

    Quote Originally Posted by apdst View Post
    Yeah, just imagine all the new debt and deficit spending. That would awesome, huh?
    Wait, overspending and debt can cause catastrophic global conditions!?!
    The moral hazard of borrowing our way out rather than working our way out, is a bad thing?!?

    That sounds like sycophant-speak!

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    Re: Economy expanded at fastest pace in a year as summer waned

    These first estimates are always wrong, sometimes as much as 100% too high. I am confident the revised number will drop since it was in line with the economists....the same suckers that haven't guessed a marginally correct number in years.

    One more thing, the GDP is also skewed by the vast over spending by the fed's. Wow, if we borrow and spend another one or two trillion more dollars the economy would look like it's taking off........yeehaa.
    I love the smell of burning moonbat in the morning.

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