Economic Growth Revised Down Again

Discussion in 'Economy' started by Jroc, Sep 28, 2012.

  1. Jroc
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    Jroc יעקב כהן Supporting Member

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    4 more years!!...What a joke:eusa_shifty:


    Orders Plunge, GDP Growth Revised Down : The Two-Way : NPR
     
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  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    There are no jobs to fuel a recovery so there won't be one.
     
  3. Nova78
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    Nova78 Silver Member

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    Economic Growth Revised Down Again



    Bullshit ,Obama says the private sector is doing fine....... $3562723908.gif
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    IMF pessimistic about global recovery...
    :eusa_eh:
    IMF Lowers Global Growth Outlook
    October 09, 2012 — The International Monetary Fund (IMF) is predicting a further slowdown in the global economy's growth rate. The assessment comes in a closely-watched economic forecast in which the Fund blames the gloomy outlook on uncertainties with fiscal policies in the United States and Europe.
    See also:

    Global Financial Leaders Ponder Jobs, Growth and Politics
    October 08, 2012
    WASHINGTON — The International Monetary Fund is warning that global economic growth is slowing at the same time the World Bank says hundreds of millions of new jobs are needed around the world. Top financial and political leaders are gathering in Tokyo to discuss these and other major economic issues.

     
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    Last edited: Oct 9, 2012
  5. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    It looks like US taxes are about to go up on the 1st of the year, that ain't going to help. Question is which ones, and when it happens. Depending on the outcome of the elections, maybe the lame duck session will do a lot, a little, or very little. Our GDP numbers seem to be hovering around 2% so far for 2012, we'll get a number for the 3rd qtr around the end of October. Doesn't seem to be much optimism for 2013 either, maybe a bit higher but everything is so uncertain.
     
  6. Jroc
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    Jroc יעקב כהן Supporting Member

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    If Romney wins he’ll extend the Bush tax cuts temporarily as he and the Republicans work on real tax reform.
     
  7. uscitizen
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    uscitizen Senior Member

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    Back when this was all just starting and the vast majority of the economic experts were predicting a 6 month or so slump, I predicted at least a decade of VERY lackluster performance, and further moves downward in the lifestyles of Americans.
     
  8. Jroc
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    Jroc יעקב כהן Supporting Member

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    If Obama wins we'll all be a lot poorer
     
  9. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Even if the repubs take the Senate it'll only be by a seat or two; they'll need some cooperation from the dems, who may not be interested in cooperating unless they get something out of it. I think at this point it's all a crap shoot, emphasis on crap.
     
  10. uscitizen
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    uscitizen Senior Member

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    Virtually all of the repubs in the house would rather see us all go down in flams than go on record cooperating with Obama.
     

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