less than the rate of inflation....
bingo!
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less than the rate of inflation....
Yes it has goitten better under Obama.
Why do you claim it hasnt
Prove it.
Show us where things are better today than when Obama took office. Feel free to start with unemployment.
Graph: Unemployment rate (seasonally adjusted)
And there they are to spew hate on me and the very idea that this country is getting better.
That is why they want the debt limit frozen.
They dont want to see America succeed.
They want the economy to crash again because they PUT PARTY OVER COUNTRY at every turn
U.S. economy on slow-growth road, IMF says - MarketWatch
Growth in the largest global economy is expected to average 2.5% in 2011 and 2.75% in 2012.
We see a sustained, even if a bit slow, expansion going forward, said John Lipsky, the IMFs acting managing director, during a press briefing to discuss the report.
In addition, Congress should quickly raise the federal debt ceiling to avoid a severe shock to the economy and world financial markets, the report said.
What case?
the case that things are better in this country than what Bush left?
Its not just one number is it.
Oh wait. Nobody had that in their 2011 outlooks? If the first six months of this year have taught us anything, it's that making economic forecasts is always a dicey proposition. So much is unpredictable. Remember that at the start of the year, many economists were pontificating about how strong the economy would be in the first half of the year thanks to the extension of the Bush era tax cuts. How quaint. But with that in mind, many economists are now forecasting a strong rebound in the second half. This is but a "soft patch."
Heck, Dallas Federal Reserve president Richard Fisher (not known for excessive optimism) even said in a speech earlier this week that 4% growth in gross domestic product in the last six months of the year would not be "unimaginable." The hope is that many of the events of the first half of the year -- such as surging oil and gas prices on Arab Spring supply fears and manufacturing disruptions tied to Japan -- will prove to be "transitory." (Take a shot of your favorite booze if you're playing the Ben Bernanke buzzword drinking game at home.) But are these rosy predictions realistic? Well, to quote comic Judy Tenuta: It could happen. Just don't bet on it.
Sure, oil prices have already started to slide from their highs. That could provide much needed relief for consumers. Still, the average price of a gallon of gas remains about $3.54. That's not cheap. And it's up from $2.76 at this time a year ago. And yes, there's also evidence that the hit to the manufacturing and tech sectors due to Japan really was only temporary. Research firm IHS iSuppli said Wednesday that it thinks tech companies should "fully recover" from disruptions to the supply chain within the next two months.
On Thursday, a key index that gauges the health of the manufacturing sector in the United States, the Chicago PMI, rose in June. Economists were expecting it to fall. That may be a sign that the heartland of the country is recovering not just from Japan, but the terrible weather in the U.S. this spring as well. But that's just one month. The Chicago PMI fell in February, March and April and it's not yet clear whether May is the start of a sustained rebound. "It's true that 4% GDP growth may not be 'unimaginable' but I think it's unlikely," said Dan North, chief economist with Euler Hermes, a credit insurer in Baltimore. North said there are still many risks that lead him to think growth will be sluggish. He pointed specifically to the stubbornly high unemployment rate and concerns about the housing market as two factors that could weigh on growth.
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