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Thread: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by cpwill View Post
    Oh. Then perhaps you could explain how you think that they impact?
    Not sure how that is relevant or necessary.
    Someone who keeps firerfighters from being able to save your house while it is on fire and then excitedly announces that it's okay because they saved your fine china isn't going to be received with unqualified celebration.
    As expected, cognitive dissonance is getting the best of you. Ideology over country!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by cpwill View Post
    Oh. Then perhaps you could explain how you think that they impact?
    What are you talking about? Why do you insist on deliberately misrepresenting about what I said?

    I told you exactly what I said (that different situations are different). Take your nonsense someplace else.

    Someone who keeps firerfighters from being able to save your house while it is on fire and then excitedly announces that it's okay because they saved your fine china isn't going to be received with unqualified celebration.
    What does that have to do with the price of tea in China?

    We're talking about a situation where the building already burned down and we're in the process of rebuilding it. Asking how quickly a shed was rebuilt when we're busy building a mansion is pointless.

    And no, I have absolutely zero confidence in your ability to understand what I just said. People like you generally don't.
    Quote Originally Posted by Kushinator View Post
    Not sure how that is relevant or necessary. As expected, cognitive dissonance is getting the best of you. Ideology over country!
    It really is amazing how many people hate this country and want it to fail, all because they hate the fact a Democrat is President.

    Quite sickening.

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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by cpwill View Post
    This is good news.


    Hey, though, how does this compare to other Recoveries?
    Considering the ****hole we were in just before Bush left office I'd say pretty damn good!

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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by Tettsuo View Post

    The thing that gets me is that the so called "Left leaning main stream media" won't even give this news any lift. The President has been getting pounded and blame for everything, but nobody will give him any love for any good that happens.

    I bet somehow the right will blame Obama policies for St Louis losing in the world series.

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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by rcart76 View Post
    I bet somehow the right will blame Obama policies for St Louis losing in the world series.

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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by Tettsuo View Post
    Let's give credit where credit is due.

    We should all be thanking the business community across the nation for working so hard to get around the inane policies of the government in order to push the economy forward. Now if the government would just remain still and do nothing, the business community can continue to do what it does best, grow and produce goods and services that benefit all.

    Unfortunately, given the massive number of things that have been put off until after the election, obviously because they suck for the country, I'm not too confident the "don't do anything" wish will come true.

    It remains to be seen what impact these "put off till later" policies will have, given the fact they are apparently so horrendous they could impact election results. For that we can truly thank the Obama Administration.

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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by ocean515 View Post
    Let's give credit where credit is due.

    We should all be thanking the business community across the nation for working so hard to get around the inane policies of the government in order to push the economy forward. Now if the government would just remain still and do nothing, the business community can continue to do what it does best, grow and produce goods and services that benefit all.

    Unfortunately, given the massive number of things that have been put off until after the election, obviously because they suck for the country, I'm not too confident the "don't do anything" wish will come true.

    It remains to be seen what impact these "put off till later" policies will have, given the fact they are apparently so horrendous they could impact election results. For that we can truly thank the Obama Administration.
    LOL!

    You're funny.
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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    mixed news
    trade deficit mitigated [excellent], government spending up [not so great; see below], and consumer spending down [bummer]
    net economic gain

    federal government spending is predictably elevated at the conclusion of the federal fiscal year ended 09/30. every federal buying activity holds money until the end of the year, to be able to fund any exigencies. and they spend those held back monies by 09/30 because if they do not, they then lose those funds. additionally, next year's budget is often incrementally larger than last year's expenditures. thus, if all the monies allocated for fiscal year 2014 are not spent, then the base amount for the FY 2015 budget year is reduced. our budgetary practices incentivize spending everything available at the end of the year, whether such spending is essential or not

    this apparent good quarterly economic news causes me to wonder why the Obama administration has directed at least one of its economic development agencies to not release its quarterly data until AFTER the election. i am inclined to speculate that federal business loan guarantees will be significantly down, otherwise why hide that economic data
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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by DA60 View Post
    Ummmm....roughly 2/3rd's of the U.S. economy is made up of consumer spending - yet despite a drop in consumer spending, the GDP went up 3.5%.

    Then why did the GDP do so well?

    Government spending and an improved trade deficit (the latter probably helped greatly by the stronger US dollar as imports became cheaper).

    Q3 GDP Rises 3.5% Despite Sharp Slowdown In Consumption, Pushed Higher By Government Spending Spree | Zero Hedge

    But since increased government spending is not sustainable and the government's/Fed's policies are pro-weaker dollar, this growth is not sustainable unless consumer spending turns around.

    Once again, please read beyond the headlines people.

    Meanwhile in a alternate universe where Romney is President.......


    Quote Originally Posted by DA60 View Post
    The GDP went up 3.5% !!!!!

    That and the unemployment rate is below 5.9%. President Romney is really cleaning up the mess that Obama made. Its good to have someone in office that knows what they are doing

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    re: U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade[W:75]

    Quote Originally Posted by Kushinator View Post
    Not sure how that is relevant or necessary.
    SlyFox is the one who thought it was - you would have to ask him.

    As expected, cognitive dissonance is getting the best of you. Ideology over country!
    Not at all - I'm glad we are now partly recovering, and wish our recovery were better.

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