economy hits pre recession mark

[Truthmatters]

Economy in U.S. Surpasses Pre-Recession Level: Bloomberg Business News - MSN Money


The value of goods and services produced in the U.S. surpassed its pre-recession level after 15 quarters, taking three times longer than the average for 10 previous recoveries since World War II.

Gross domestic product expanded at a 2.5 percent annual rate in the period from July through September, the Commerce Department reported yesterday, the fastest pace in a year and up from 1.3 percent in the prior three-month period. After adjusting for inflation, GDP climbed to $13.35 trillion last quarter, topping the $13.33 trillion peak reached in the last three months of 2007.

“The American economy finally has accomplished the recovery and has now entered the expansion,” said Neal Soss, chief economist with Credit Suisse in New York, who was an aide to former Federal Reserve Chairman Paul Volcker. “But the growth is clearly too slow to solve the most significant problems the economy faces: jobs and getting the public budgets under control.”

 

[Truthmatters]

its going to get very bad for the republicans next year


I wish they would join the rest of the country and help us recover.

Unfortunately they dont want a healthy economy

 

[Truthmatters]

how much you got to spend?

what kind of guitar?

 

[CrusaderFrank]

Just in time for Obama to get us downgraded again

 

[Conservative]

States face bleak economic forecast, report says - The Washington Post

Unemployment and Real Estate Prove Economy is Still Poor

US jobs and GDP stats still poor, but not as bad as previously estimated — MercoPress

 

[Conservative]

Let's all go shopping.

I need a new guitar --any suggestions?

yeah, go join an OWS protest, and add it to their list of demands... free Martin acoustics or Gibson Les Pauls for everyone.

 

[Truthmatters]

http://www.usmessageboard.com/econo...ve-to-do-something-to-distroy-this-trend.html

 

[Annie]

its going to get very bad for the republicans next year


I wish they would join the rest of the country and help us recover.

Unfortunately they dont want a healthy economy

You see that report as 'election changing news?' Why? Do you understand what you posted?

 

[Mr. H.]

The only way an improved economy would help Obama's reelection chances is if he gets on his soapbox and brags how he did it singlehandedly.

Which he will do.

 

[Trajan]

gdp for the quarter was revised down to 2.0% btw

 

[Truthmatters]

and consumer confidence jumped 15 points which means the consumer is ready to spend

 

[Truthmatters]

The right is going to be frantic with joy that America is recovering

 

[iamwhatiseem]

Wow...even for Truthmatters this is a bit much.
Economy has recovered and now expanding...

 

[Mad Scientist]

The right is going to be frantic with joy that America is recovering

Do you even read your own posts?

“But the growth is clearly too slow to solve the most significant problems the economy faces: jobs and getting the public budgets under control.”

Those are just a minor details right?

 

[Truthmatters]

Wow...even for Truthmatters this is a bit much.
Economy has recovered and now expanding...

where did I say anything that wasnt true?

 

[Truthmatters]

The right is going to be frantic with joy that America is recovering

Do you even read your own posts?

“But the growth is clearly too slow to solve the most significant problems the economy faces: jobs and getting the public budgets under control.”

Those are just a minor details right?

yes and thazt is where the other good news of consumer confidence being way up is really helping huh?

Im so glad all you on the right are happy this country is seeing very good economic signs.

Thank you for putting country over party

 

[CrusaderFrank]

CEO confidence is down 13 points over the same period

http://www.conference-board.org/data/consumerdata.cfm

 

[ba1614]

Economy in U.S. Surpasses Pre-Recession Level: Bloomberg Business News - MSN Money


The value of goods and services produced in the U.S. surpassed its pre-recession level after 15 quarters, taking three times longer than the average for 10 previous recoveries since World War II.

Gross domestic product expanded at a 2.5 percent annual rate in the period from July through September, the Commerce Department reported yesterday, the fastest pace in a year and up from 1.3 percent in the prior three-month period. After adjusting for inflation, GDP climbed to $13.35 trillion last quarter, topping the $13.33 trillion peak reached in the last three months of 2007.

“The American economy finally has accomplished the recovery and has now entered the expansion,” said Neal Soss, chief economist with Credit Suisse in New York, who was an aide to former Federal Reserve Chairman Paul Volcker. “But the growth is clearly too slow to solve the most significant problems the economy faces: jobs and getting the public budgets under control.”

Hasn't the 2.5% growth number in this month old article already been debunked as bullshit?

 

[Truthmatters]

if the numbers have been revised then up date them if you wish

 

[Warrior102]

Economy in U.S. Surpasses Pre-Recession Level: Bloomberg Business News - MSN Money


The value of goods and services produced in the U.S. surpassed its pre-recession level after 15 quarters, taking three times longer than the average for 10 previous recoveries since World War II.

Gross domestic product expanded at a 2.5 percent annual rate in the period from July through September, the Commerce Department reported yesterday, the fastest pace in a year and up from 1.3 percent in the prior three-month period. After adjusting for inflation, GDP climbed to $13.35 trillion last quarter, topping the $13.33 trillion peak reached in the last three months of 2007.

“The American economy finally has accomplished the recovery and has now entered the expansion,” said Neal Soss, chief economist with Credit Suisse in New York, who was an aide to former Federal Reserve Chairman Paul Volcker. “But the growth is clearly too slow to solve the most significant problems the economy faces: jobs and getting the public budgets under control.”

Poll: Obama Job Approval Now Worse Than Carter's - Guy Benson