More economic good news: GDP up/ Jobless claims down

Discussion in 'Politics' started by rightwinger, Aug 27, 2009.

  1. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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  2. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Uh, your link states the shrank by 1%. Last time I checked, that didn't mean "GDP Up".

    Yes, the economy may be bottoming out, many pundits have been saying that. It's what growth happens after the bottom that matters most.

    And judging by the economic policies of the current administration, that will be anemic at best. Many pundits have been saying exactly that.

    Remember, Obamas' own plan for paying off the debt depends on the economy going like gangbusters, were talking 5-6% or more.
     
  3. midcan5
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    midcan5 liberal / progressive

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    It must be Bush's work! No, that can't be it. The republicans? No, that can't be. It must be the senate's work? No, that can't be. It must be the House's work, No, that can't be! Could it be the supreme court? Hmm, seems the stimulus may have have something to do with this? You think? Do you think.

    Summary
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  4. Toro
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    Toro Diamond Member

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    The economy is probably coming out of recession right now, and we are probably going to go up faster than people think because of the inventory re-build that is now occurring.

    Whether it is sustainable or not, however, is highly debatable.
     
  5. Oddball
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    The GDP is NOT up.....It's only down less than the economic pinheads who can't seem to predict jack shit predicted.

    And this just in....Medical Marxism is even less popular than ever, and no distraction seems to be changing that.
     
  6. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    “Great news for the economy,” said Stephanie Armour in USA Today. New-home sales “surged” 9.6 percent in July compared with a month earlier, to a seasonally adjusted annual rate of 433,000—the highest pace since last September. Taken together with the reduction of new houses on the market and rising home prices in 18 of 20 markets, as noted in this week’s S&P/Case-Shiller Index, the jump in sales “bolstered signs of an improving housing market
     
  7. AllieBaba
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    AllieBaba BANNED

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    Unemployment claims are reducing because we're reaching the end of the "extended UC" claim limit. These numbers do not include ppl who are not working or looking for work, whose claims have expired and are still unemployed.

    This is something we go over in minute detail during our district staff meetings.
     
  8. DiveCon
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    DiveCon gone

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    wasnt that during the housing market CRASH????
     
  9. JakeStarkey
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    JakeStarkey Diamond Member Supporting Member

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    Get over it, silly cons. The recovery is beginning, and the conservatives are being left in the wake.
     
  10. concept
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    concept Evil Mongering

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    Was that before or after Stephanie said she would like to lick Olberman's chair? :eusa_whistle:


    This just shows me the strength of this country that it can stabilize in spite of a lib like Obama.

    What is goiung to happen though with the 9 or 10 TRILLION dollar deficit? He already revised that upward, when is the next revision? We're at 16% unemployment ffs.
     

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