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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 Kushinator View Post
    In an era of information, most of the world missed the boat by about three years.
    ...and by "missed the boat" you mean....

    That explains quite a bit.
    Indeed it did.

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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?
    Pretty good for a recovery after a financial crisis, and much better than our peers around the world.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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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
    Gas prices are down which helps out pretty much everyone, and U.S. production is way up. We are on our way to North American Energy Independence, a goal for decades. Care to tell us why that is?
    Thanks, Obama!
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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

    According to the BEA, defense spending increased 16% in Q3, compared with 0.9% in Q2.

    There is a big chink of the GDP gain.


    Oh, and apparently, exports rose while imports shrank (so obviously a stronger dollar did not help that, as I said above).

    And real personal consumption and durable/non durable goods declined from the previous quarter.

    News Release: Gross Domestic Product




    The bottom line, once again, is this makeup of the Q3 growth is not sustainable in the long run.

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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 Threegoofs View Post
    Thanks, Obama!
    And if he had actually attempted to accelerate, rather than decelerate, domestic energy production, you would be correct. Instead, this is a perfect example of businesses and people succeeding in spite of government rather than thanks to.

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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
    According to the BEA, defense spending increased 16% in Q3, compared with 0.9% in Q2.

    There is a big chink of the GDP gain.
    Yeah - Bubba pretty much laid that one out.

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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
    And if he had actually attempted to accelerate, rather than decelerate, domestic energy production, you would be correct. Instead, this is a perfect example of businesses and people succeeding in spite of government rather than thanks to.
    Yes. Never give credit when it doesn't fit with your predetermined conclusions.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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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 Threegoofs View Post
    Yes. Never give credit when it doesn't fit with your predetermined conclusions.
    Would you like to actually get into a debate on whether or not the Obama administration has sought to expand or slow domestic energy production?

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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
    Would you like to actually get into a debate on whether or not the Obama administration has sought to expand or slow domestic energy production?
    Not really. I'm just amused by the ideological stance.
    Many Trump supporters have lots of problems, and those deplorables are bringing those problems to us. They’re racists. They’re misogynists. They’re islamophobic. They're xenophobes and homophobes. And some, I assume, are good people.

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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
    Would you like to actually get into a debate on whether or not the Obama administration has sought to expand or slow domestic energy production?
    LOL. It reminds of all the liberals who spun the stats to laughingly claim that Obama was not a big spender. LOL

    Every other word that comes out his mouth is" Big Goverment "

    Interspersed with how Republicans have obstructed him from more Big Government.

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