Discussion in 'Economy' started by Truthmatters, Mar 1, 2012.
Reports show improving economy, manufacturing growth slows
Healthier economic growth is spurring greater job growth. The economy expanded at an annual rate of 3% in the final three months of last year.
More jobs leads to more spending. U.S. consumers earned a little more in January and spent most of the extra money. The gains should keep the economy growing at a modest pace.
The Commerce Department said Thursday that consumer spending increased 0.2% in January. That's better than December's reading of no change. Consumer spending accounts for 70% of economic activity.
That big 0.2% increase in consumer spending, Truthmatters...that's what you started a new string to "trumpet"? You are amusing as always. The truth is that the economy under this Administration has been so abysmal for such a long time that people like yourself now view a .2% increase as GREAT NEWS. I suppose the next string will be on what a "triumph" it is for the Obama Administration to get unemployment down to 8%? Or the deficit for this year to only a trillion dollars? Or even that a budget was actually submitted? Talk about diminished expectations...
DOW 13,000 represents how well 30 companies are doing.
The jobless recovery continues!
"It's important to remember that the stock market is not the U.S. economy, and the U.S. economy is not the stock market," said Dan Greenhaus, chief global strategist for the brokerage BTIG. "Most people are likely to say, Dow 13,000. So, where's my job?
Apparently, Reuters didn't get the memo from OIRA.
Factory growth cools, spending stagnant - Yahoo! News
Granny says she knows what's wrong with the economy - it's bad...
Everything That's Wrong With the Economy in 1 PowerPoint Slide
3/02/12 - If it feels like the economic recovery is still more of a dream than a reality, this one slide should pretty much explain why.
We've heard this song before - a summer recovery is on the way! Except ... it didn't happen. Economies always have ebbs and flows, peaks and valleys. I wish I could see some reasons why we should believe this time we really will begin a steady recovery. But I got nothin, what's going to happen this year that will fuel a boost?
I do however see some possibilities that could be negative, even very negative. Like a war in the middle east if Israel attacks Iran's nuke facilities, or we have a coup in Saudi Arabia, or another 9/11 here somewhere.
Stocks record biggest gains of year; Dow up 218
By MATTHEW CRAFT, AP Business Writer 29 minutes ago
NEW YORK (AP) Bank stocks turbocharged a rally across the financial markets Tuesday, and all three major stock indexes posted their biggest gains of the year. The Dow Jones industrial average rose 218 points and closed at its highest level since the last day of 2007.
The Associated Press: Stocks record biggest gains of year; Dow up 218
Wow - 4 years of pounding your chest & patting your selves on the back & finally they produce a slightly positive quarter. It's nothing to crow about.
Actually, its 22 months of private sector job growth
PolitiFact | Have private-sector jobs grown by 3 million in 22 months, with the best annual totals since 2005?
This was one of the reasons Paul Ryan/Boehner/Mitch McConnell's and the GOP tea baggers in the House insisted on all those spending cuts. They knew they would lead to the loss of hundreds of thousands of public sector jobs. Thus hurting Obama's job recovery.
So his numbers would be amazing if the GOP weren't obstructing him.
And who's gonna invest in America if our own government won't invest in America? Our infrastructure is crumbling and the GOP don't want to spend any money. Just give corporations and rich people more tax breaks. Another way they are purposely destroying America.
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