The economy continues to grow

Discussion in 'Politics' started by Chris, Mar 29, 2012.

  1. Chris
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    Chris Gold Member

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    WASHINGTON — Fresh evidence indicates that the labor market is continuing to heal and that there's stronger economic growth supporting new hiring than the most obvious numbers might suggest.

    The Labor Department said Thursday that new claims for unemployment benefits dipped last week to 359,000 — the lowest level since April 2008. Jobless claims have been moving steadily lower in recent weeks amid other signs that the job market is gaining strength.

    Separately, the Commerce Department said Thursday that its latest tally of the nation's gross domestic product, the total value of goods and services produced, showed a solid 3% annualized increase in the fourth quarter last year.

    That's unchanged from its previous estimate, but the new report showed gross domestic income — another broad but less commonly cited measure of economic activity — jumped at a much higher annualized rate of 4.4% in that quarter.

    New claims for jobless benefits drop; GDP grows at solid pace - latimes.com
     
  2. Mr. H.
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    Mr. H. Diamond Member

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    I saw this guy give a lecture tonight:

    H.W. Brands

    Long story short, it's not looking good 10-20 years out.
     
  3. BreezeWood
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    BreezeWood VIP Member Supporting Member

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    Bottom line is the monthly unemployment statistic now at 8.3% - below 8% by Nov. would help greatly.

    The GDP 3% is a very positive sign - should portend a healthy environment for Wall Street.
     
  4. 8537
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    8537 Senior Member

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    The actual growth rate is probably somewhere between those 3.0 and 4.4 figures (which should be identical). Pretty damn solid.
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I wish I could trust the numbers, but theyve been manipulated so much. I do trust what I see and hear. And while i wish for a full recovery, I dont know that it will ever happen during this administration.

    If it does, Obama might win, but we still have plenty of issues to run against him. His record is still very abysmal. and I dont see how he is going to slow inflation on food and gas prices without a significant policy shift.
     
  6. Avorysuds
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    Avorysuds Gold Member

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    Thank goodness for the Bush tax cuts that Obama didn't git rid of like he promised.
     
  7. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    No matter how many time you repeat the economy is getting better it's not going to make it true.
     
  8. 8537
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    8537 Senior Member

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    Growth of between 3 and 4.4% combined with 200+ thousands jobs per month isn't improvement?
     
  9. francoHFW
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    francoHFW Platinum Member

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    Horsepatoot.

    Too bad the Pubs had to set things back 3-5 months with that credit rating fiasco...

    Obama NEVER wanted to raise taxes on the rich before 2013, dittohead dupe...
     
    Last edited: Mar 29, 2012
  10. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Where did you get those numbers?,,,,,, No wait obama's labor department?
     

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