Truthmatters
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- May 10, 2007
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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.
Reports show improving economy, manufacturing growth slows
The Treasury Department published a slideshow presentation online Thursday that sums up just how much the economy has improved during the Obama administration, including the 10 consecutive quarters of economic growth, the 3.7 million jobs added since early 2010 and the projected decrease in the national deficit.
But just for good measure, the Treasury included a single slide teasing everything that's still wrong with the economy. The slide was simply titled, "Challenges Remain, More Work Ahead." As you can see above, that might be a bit of an understatement.
Total unemployment is still several percentage points higher than it was pre-recession, housing values remain at their lowest levels in about a decade and the median household income (when adjusted for inflation) is declining. In other words, Americans are working less, earning less and have less of a nest egg than they did in the years leading up to the recession.
Meanwhile, other advanced nations are recovering more slowly than expected from the global recession, thanks in part to the debt crisis in Europe, which could potentially weaken our recovery at home. But how bad could it be? It's only one slide out of 13, after all.
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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.
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.
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?
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?
You are a fool!!! Keeping pace with population is not real growth. It is STAGFLATION!