• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

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

Tettsuo

Compassion is Strength
DP Veteran
Joined
Jul 5, 2011
Messages
3,750
Reaction score
2,758
Location
New Mexico
Gender
Male
Political Leaning
Progressive
U.S. Economy Up 3.5% in 3rd Quarter, Capping Best 6 Months in Over a Decade  - Bloomberg

The economy in the U.S. expanded more than forecast in the third quarter, capping its strongest six months in more than a decade, as gains in government spending and a shrinking trade deficit made up for a slowdown in household purchases. Gross domestic product grew at a 3.5 percent annualized rate in the three months ended September after a 4.6 percent gain in the second quarter, Commerce Department figures showed today in Washington. It marked the strongest back-to-back readings since the last six months of 2003. The median forecast of 87 economists surveyed by Bloomberg called for a 3 percent advance.
Damn this terrible Obama economy! /sarcasm
 
This is good news.


Hey, though, how does this compare to other Recoveries?
 
I'm waiting for the resident Obama-slammers to show up and tell us it isn't the economy stupid. That negative GDP from 6 years ago--no problem--let's do stupid and austerity .
 
Sounds like good news. The economy is growing, unemployment is going down...it seems like in the last two years the economy is growing like many economists predicted it would. Hopefully the good news keeps a'comin'.
This is good news.


Hey, though, how does this compare to other Recoveries?
I'll be more than happy to tell you if you can direct me to the last time the an increasingly global economy crashed during an advanced technological age.
 
This is good news. Hey, though, how does this compare to other Recoveries?
It doesn't, as the 2008 - 2009 economic & financial crisis was a once in a generation event.
 
I'll be more than happy to tell you if you can direct me to the last time the an increasingly global economy crashed during an advanced technological age.

So it is your claim that.... trade with other countries is responsible for this? Or are you blaming... microchips?
 
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.
 
Last edited:
Once again, read beyond the headlines people.
Your perpetual pessimism continues to be exposed for what it is... complete absurdity. Carry on!
 
So it is your claim that.... trade with other countries is responsible for this? Or are you blaming... microchips?
Is that what I said?

No, it isn't. I said trying to compare completely different situations with one another really isn't much more than a waste of time. Just accept the good news for what it is.
 
Is that what I said?

Oh. Then perhaps you could explain how you think that they impact?

Just accept the good news for what it is.

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

wut-e1351425183759.gif
 

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.
 
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.
 
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
 
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.......


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
 
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.
 
LOL!

You're funny.

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

:roll:

Guess again, pal.

I think both parties are worse then useless and have said so over and over.

Try less assuming before you speak and you won't be wrong so often.


Good day.
 
Hmm...don't you recall that "good news" before the last election that was "corrected" later?

The left is so funny.

This is good news.


Hey, though, how does this compare to other Recoveries?
 
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

That is definitely true, and frankly, annoying.
 
Back
Top Bottom