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Thread: U.S. economy picks up speed

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    U.S. economy picks up speed

    More bad news for Republicans I'm afraid, the GDP was revised UP to 3.9 % growth in the 3rd quarter. The best 6 month performance since 2003. Boy you really can see the results of Obama's "anti-growth" policies, they do better than Republican "growth" policies every time. Not that anyone cares, it seems voters are wistful for another recession and I'm sure the GOP Congress will do their best to make it happen. Recessions are what the GOP do best and with good reason. There is nothing better for upward wealth redistribution than a good recession.

    Gross domestic product, the broadest measure of the nation's economic health, was revised up to 3.9% in the third quarter. Both consumer spending and business investment showed strength.
    The combined growth in the second and third quarters represented the best six months for the economy since 2003.
    U.S. economy picks up speed - Nov. 25, 2014

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    Re: U.S. economy picks up speed

    Quote Originally Posted by iguanaman View Post
    More bad news for Republicans I'm afraid, the GDP was revised UP to 3.9 % growth in the 3rd quarter. The best 6 month performance since 2003. Boy you really can see the results of Obama's "anti-growth" policies, they do better than Republican "growth" policies every time. Not that anyone cares, it seems voters are wistful for another recession and I'm sure the GOP Congress will do their best to make it happen. Recessions are what the GOP do best.



    U.S. economy picks up speed - Nov. 25, 2014
    Just like in early 2006, the economy is responding to upcoming changes in Congress. When it was evident that a anti-business, Democrat dominated Congress was coming to power, the economy contracted (not the only reason, but definitely a big piece of the puzzle), now it's evident that pro-business Republican dominated Congress is coming to power and the economy is expanding (again, not the only reason). The President has very little impact on our economy, so trying to give him credit for the recent upswing is patently dishonest.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: U.S. economy picks up speed

    Quote Originally Posted by faithful_servant View Post
    Just like in early 2006, the economy is responding to upcoming changes in Congress. When it was evident that a anti-business, Democrat dominated Congress was coming to power, the economy contracted (not the only reason, but definitely a big piece of the puzzle), now it's evident that pro-business Republican dominated Congress is coming to power and the economy is expanding (again, not the only reason). The President has very little impact on our economy, so trying to give him credit for the recent upswing is patently dishonest.
    LOL 3rd quarter results were not influenced by the Nov. election. I expect the economy will stumble next year because of the GOP Congress will screw it up. That is about all they are capable of doing. We will see who is right. I will be sure to inform you.
    Last edited by iguanaman; 11-25-14 at 04:18 PM.

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    Re: U.S. economy picks up speed

    Quote Originally Posted by faithful_servant View Post
    Just like in early 2006, the economy is responding to upcoming changes in Congress. When it was evident that a anti-business, Democrat dominated Congress was coming to power, the economy contracted (not the only reason, but definitely a big piece of the puzzle), now it's evident that pro-business Republican dominated Congress is coming to power and the economy is expanding (again, not the only reason). The President has very little impact on our economy, so trying to give him credit for the recent upswing is patently dishonest.
    The sad part is people actually believe this.

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    Re: U.S. economy picks up speed

    Quote Originally Posted by iguanaman View Post
    More bad news for Republicans I'm afraid, the GDP was revised UP to 3.9 % growth in the 3rd quarter. The best 6 month performance since 2003. Boy you really can see the results of Obama's "anti-growth" policies, they do better than Republican "growth" policies every time. Not that anyone cares, it seems voters are wistful for another recession and I'm sure the GOP Congress will do their best to make it happen. Recessions are what the GOP do best and with good reason. There is nothing better for upward wealth redistribution than a good recession.



    U.S. economy picks up speed - Nov. 25, 2014
    NO WAY! Look, we all know that Barack HUSSEIN Obama is destroying the economy in his quest to tear down America with his deep-seated hatred of white people! We know this because we've had fifty-odd consecutive months of private-sector job growth (a record), a stock market that has more than doubled (and may yet triple) during Obama's time in office, extricated us from two wars, grew government at the slowest pace since Eisenhower, and gave us the lowest federal tax burden since Truman! Add to that the fact that he led the nation out of the Great Recession and got health care reform passed and it becomes obvious that he's out to destroy the American way of life!!!!
    “To do evil, a human being must first of all believe that what he’s doing is good" - Solzhenitsyn

    "...with the terrorists, you have to take out their families." - Donald Trump

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    Re: U.S. economy picks up speed

    Quote Originally Posted by faithful_servant View Post
    Just like in early 2006, the economy is responding to upcoming changes in Congress. When it was evident that a anti-business, Democrat dominated Congress was coming to power, the economy contracted (not the only reason, but definitely a big piece of the puzzle), now it's evident that pro-business Republican dominated Congress is coming to power and the economy is expanding (again, not the only reason). The President has very little impact on our economy, so trying to give him credit for the recent upswing is patently dishonest.
    your post is dishonest.


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    Re: U.S. economy picks up speed

    Quote Originally Posted by iguanaman View Post
    LOL 3rd quarter results were not influenced by the Nov. election. I expect the economy will stumble next year because of the GOP Congress will screw it up. That is about all they are capable of doing. We will see who is right. I will be sure to inform you.
    The market ANTICIPATES, it doesn't just react. The 3Q results were definitely influnced by the upcoming election and the surety (in the minds of everyone but those living in utter denial, also known as Democrats) of Rep. control of Congress. Just look back at 2006 and see when it became evident that the Dems. would control Congress and when the economy started to contract. It wasn't after the election, it was when everyone knew that the Dems. would control Congress.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: U.S. economy picks up speed

    Quote Originally Posted by Slyfox696 View Post
    The sad part is people actually believe this.
    NO, the sad part is that too many people lack the willingness to look at situations honestly....
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: U.S. economy picks up speed

    Quote Originally Posted by pbrauer View Post
    your post is dishonest.
    No, it's honest and accurate. Time and again, the market anticipates who will control Congress because smart investors know that Reps. are more business friendly than Dems. are.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: U.S. economy picks up speed

    Quote Originally Posted by faithful_servant View Post
    No, it's honest and accurate. Time and again, the market anticipates who will control Congress because smart investors know that Reps. are more business friendly than Dems. are.
    You are just full of it aren't you? Even FOX can't make up stuff like you are.
    However, history actually shows that the U.S. economy, stock prices and corporate profits have generated stronger growth under Democratic administrations than Republican ones.

    According to McGraw-Hill’s (MHP) S&P Capital IQ, the S&P 500 has rallied an average of 12.1% per year since 1901 when Democrats occupy the White House, compared with just 5.1% for the GOP.

    Likewise, gross domestic product has increased 4.2% each year since 1949 when Democrats run the executive branch, versus 2.6% under Republicans.

    Even corporate profits show a disparity: S&P 500 GAAP earnings per share climbed a median of 10.5% per year since 1936 during Democratic administrations, besting an 8.9% median advance under Republicans, S&P said.
    History Shows Stocks, GDP Outperform Under Democrats | Fox Business

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