US Economy turns in weakest growth to date.

[The Rabbi]

Yes Democrat policies deliver failure 100% of the time. The usual suspects will be trotted out, weather, kiosks, George Bush, but the truth is we have Euro style regulation and taxation so we get Eurostyle economies with high unemployment and slow growth. 0.2% growth is not going to cut it.
U.S. Economy Stalls in the First Quarter - Yahoo Finance
The world’s largest economy sputtered to a near-halt in the first quarter, choked by slumping U.S. business investment and exports.


Gross domestic product, the volume of all goods and services produced, rose at a 0.2 percent annualized rate after advancing 2.2 percent the prior quarter, Commerce Department data showed Wednesday in Washington. The median forecast of 86 economists surveyed by Bloomberg called for a 1 percent gain. Consumer spending, the biggest part of the economy, rose 1.9 percent, a little better than projected

 

[Delta4Embassy]

Want a Better Economy History Says Vote Democrat - Forbes

" * Personal disposable income has grown nearly 6 times more under Democratic presidents
* Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
* Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
* Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
* Republican presidents added 2.5 times more to the national debt than Democratic presidents
* The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations
"

 

[LoneLaugher]

What is the current rate of growth?

 

[kiwiman127]

And the rest of the story from Rabbi's link that Rabbi left out.
===============================================
The decline reflected weakness in petroleum exploration as oil companies slashed budgets on the heels of plunging crude prices. Spending on wells and mines fell at a 48.7 percent annualized rate in the first three months of the year, the biggest plunge since the second quarter of 2009 when the economy was still in the recession. It climbed 8.1 percent at the end of 2014.

Machinery Makers
Machinery makers are suffering the brunt of the damage from slumping energy exploration, a stronger dollar and tepid overseas markets. Bookings for non-military capital goods excluding aircraft, a proxy for future corporate spending on new equipment, dropped in March for a seventh consecutive month, government figures showed last week.

Halliburton Co., the world’s second-biggest provider of oilfield services, said it expects to reduce capital spending by 15 percent this year and accelerated the pace of job cuts ahead of its takeover of Baker Hughes Inc.

The GDP report showed spending on equipment climbed 0.1 percent after a 0.6 percent gain in the prior three months.

The trade deficit swelled to an annualized $522.1 billion rate from $471.4 billion, as exports decreased and imports climbed. The gap subtracted 1.25 percentage points from growth, the most in a year.

Exports have fallen for four consecutive months as the dollar gained more than 20 percent since the end of June and overseas growth remains uneven. Whirlpool Corp., the largest maker of major appliances, on Tuesday slashed its annual forecast, blaming currency fluctuations and sluggish demand in Brazil.
================================================

There, we have a more accurate overview.

 

[rdean]

Yes Democrat policies deliver failure 100% of the time. The usual suspects will be trotted out, weather, kiosks, George Bush, but the truth is we have Euro style regulation and taxation so we get Eurostyle economies with high unemployment and slow growth. 0.2% growth is not going to cut it.
U.S. Economy Stalls in the First Quarter - Yahoo Finance
The world’s largest economy sputtered to a near-halt in the first quarter, choked by slumping U.S. business investment and exports.


Gross domestic product, the volume of all goods and services produced, rose at a 0.2 percent annualized rate after advancing 2.2 percent the prior quarter, Commerce Department data showed Wednesday in Washington. The median forecast of 86 economists surveyed by Bloomberg called for a 1 percent gain. Consumer spending, the biggest part of the economy, rose 1.9 percent, a little better than projected

Ignorant Republicans will say the truth then dismiss as a lie. Something that's been going on for decades. But when they feel like it, out of the blue, they will call it a lie:

The usual suspects will be trotted out, weather, kiosks, George Bush

So you see the ignorance? Now the evidence:

The Commerce Department said gross domestic product growth hit an annualized rate of 5 percent in the third quarter, revised upward from the previous estimate of 3.9 percent. Not since 2003 has the economy expanded so quickly.

The better-than-expected GDP numbers helped push the Dow Jones Industrial Average above 18,000 for the first time, the latest in a series of record highs. The S&P 500 also edged up.

-----------------------------------------------

See that? When you have a GOP president, it only takes less than two years and suddenly, it's all downhill.

-----------------------------------------------------

Consumer sentiment is at a post-recession high, and the nation has seen its best year of hiring in 15 years. The latest six months of expansion suggest that a surprisingly poor first quarter performance — when the GDP shrank 2.1 percent — was an anomaly, likely the result of miserable East Coast winter weather that kept consumers indoors.
---------------------------------------------------------

The federal government, too, after two years of tightening and sequestration, is again giving the economy a lift

-----------------------------------------------------

Because the government can actually help the economy. Something else Republicans don't understand.

 

[LoneLaugher]

Yes Democrat policies deliver failure 100% of the time. The usual suspects will be trotted out, weather, kiosks, George Bush, but the truth is we have Euro style regulation and taxation so we get Eurostyle economies with high unemployment and slow growth. 0.2% growth is not going to cut it.
U.S. Economy Stalls in the First Quarter - Yahoo Finance
The world’s largest economy sputtered to a near-halt in the first quarter, choked by slumping U.S. business investment and exports.


Gross domestic product, the volume of all goods and services produced, rose at a 0.2 percent annualized rate after advancing 2.2 percent the prior quarter, Commerce Department data showed Wednesday in Washington. The median forecast of 86 economists surveyed by Bloomberg called for a 1 percent gain. Consumer spending, the biggest part of the economy, rose 1.9 percent, a little better than projected

Weakest to date? Are you sure about that?

 

[SwimExpert]

And the rest of the story from Rabbi's link that Rabbi left out.
===============================================
The decline reflected weakness in petroleum exploration as oil companies slashed budgets on the heels of plunging crude prices. Spending on wells and mines fell at a 48.7 percent annualized rate in the first three months of the year, the biggest plunge since the second quarter of 2009 when the economy was still in the recession. It climbed 8.1 percent at the end of 2014.

Machinery Makers
Machinery makers are suffering the brunt of the damage from slumping energy exploration, a stronger dollar and tepid overseas markets. Bookings for non-military capital goods excluding aircraft, a proxy for future corporate spending on new equipment, dropped in March for a seventh consecutive month, government figures showed last week.

Halliburton Co., the world’s second-biggest provider of oilfield services, said it expects to reduce capital spending by 15 percent this year and accelerated the pace of job cuts ahead of its takeover of Baker Hughes Inc.

The GDP report showed spending on equipment climbed 0.1 percent after a 0.6 percent gain in the prior three months.

The trade deficit swelled to an annualized $522.1 billion rate from $471.4 billion, as exports decreased and imports climbed. The gap subtracted 1.25 percentage points from growth, the most in a year.

Exports have fallen for four consecutive months as the dollar gained more than 20 percent since the end of June and overseas growth remains uneven. Whirlpool Corp., the largest maker of major appliances, on Tuesday slashed its annual forecast, blaming currency fluctuations and sluggish demand in Brazil.
================================================

There, we have a more accurate overview.

But that undermines his ability to use high gas prices as a reason to complain about Obama. Idiot fake conservatives like Rabbi want it all, but don't want to pay for it, and then turn around and blame other people for their own poverty.

 

[Edgetho]

Want a Better Economy History Says Vote Democrat - Forbes

" * Personal disposable income has grown nearly 6 times more under Democratic presidents
* Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
* Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
* Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
* Republican presidents added 2.5 times more to the national debt than Democratic presidents
* The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations
"

Third time you've posted this LIE and the third time I've called you on it --

You are a liar.

Do Dems run the economy better Nope. - The Washington Post

 

[Edgetho]

dimocraps are dishonest, incompetent scum

U.S. Economic Growth Nearly Stalls Out
Businesses slash investment, exports tumble and consumers show caution as GDP expands at 0.2% pace

ENLARGE
The U.S. economy slowed sharply at the start of the year as businesses slashed investment, exports tumbled and consumers showed signs of caution., Here, a pallet of lumber gets marked at the Allegheny Millwork and Lumberyard in Pittsburgh. PHOTO: GENE J. PUSKAR/ASSOCIATED PRESS
By
JEFFREY SPARSHOTT
Updated April 29, 2015 11:08 a.m. ET
237 COMMENTS

WASHINGTON—The U.S. economy slowed to a crawl at the start of the year as businesses slashed investment, exports tumbled and consumers showed signs of caution, marking a return to the uneven growth that has been a hallmark of the nearly six-year economic expansion.

Gross domestic product, the broadest measure of goods and services produced across the economy, expanded at a 0.2% seasonally adjusted annual rate in the first quarter, theCommerce Department said Wednesday. The economy advanced at a 2.2% pace in the fourth quarter and 5% in the third.


WSJ’s Josh Zumbrun joins MoneyBeat and explains whether surprisingly downbeat first-quarter GDP report should be seen as a blip or a trend.
Economists surveyed by The Wall Street Journal had expected growth of 1% in the first three months of this year, though many were braced for a surprise to the downside.

The first-quarter figures repeat a common pattern in recent years: one or two strong readings followed by a sharp slowdown. First-quarter GDP growth had averaged 0.6% since 2010 and 2.9% for all other quarters. That has worked out to moderate overall expansion but no growth breakout.

ENLARGE
“This is another quarterly number which confirms the long-term slow-growth thesis, but there are good odds we get a bit of a bounce later in the year from stabilized business spending and the housing markets, which are setting up quite promising,” Guy LeBas, chief fixed-income strategist at Janney Montgomery Scott, said in a note to clients.

The latest reading on the economy arrives in the middle of a two-day Federal Reserve meeting where policy makers will weigh the latest data against plans to start raising short-term interest rates. No action is expected from the Fed on Wednesday, but investors will look for clues on the timing for the first rate increase since 2006 in a policy statement due at 2 p.m. Eastern time.

Last year, economists pinned much of the blame for a bad first quarter—GDP shrank 2.1%—on unusually harsh weather. This year, multiple factors appear to be at work, including another bout of blizzards, disruptions at West Coast ports, the stronger dollar’s effect on exports and the impact of cheaper oil.
Better weather, a return to normal at port terminals and steadying investment could boost growth later this year.

“We expect the economy will rebound in [the second quarter] and beyond, similar to last year,” said Michelle Girard, economist at RBS Securities.

But not all the factors behind the slowdown appear temporary. A stronger dollar and cheaper oil could persist, keeping exports and energy-sector investment at bay.

As well, rising inventories kept the U.S. economy out of recession, contributing 0.74 percentage point to GDP in the first quarter. A second-quarter repeat is unlikely.

Joseph LaVorgna, chief U.S. economist at Deutsche Bank, said producers probably will allow inventory positions to run off rather than building them up even more. “This tells us that current-quarter growth is likely to run around 2.5%, not the 4% snapback we had previously been anticipating,” he said.

U.S. households will have to pick up spending to help the economy grow. Wednesday’s report showed consumer spending, which accounts for more than two-thirds of economic output, decelerated to a 1.9% pace in the first quarter, down from 4.4% growth in the fourth quarter.

Rather than using savings from cheaper gasoline to buy more goods and services, Americans have been setting money aside for a rainy day. The personal saving rate at 5.5% in the first quarter was the highest since 2012. The figure was 4.6% in the fourth quarter.

Another key driver of the economy, business spending, also has faltered of late. Nonresidential fixed investment—which reflects spending on software, research and development, equipment and structures—retreated at a 3.4% rate, compared with a 4.7% rise in the fourth quarter.

Energy companies in particular are feeling the effects of cheaper oil. Business investment in structures fell 23.1%, led by a 48.7% contraction for mining sector spending on shafts and wells, Commerce said.

A stronger dollar, meanwhile, has made domestically produced goods more expensive overseas and foreign products cheaper inside the U.S. Combined with disruptions at West Coast ports, trade was constrained. In the first quarter, exports fell at a 7.2% rate, compared with 4.5% growth in the fourth quarter. Imports rose 1.8%, compared with 10.4% in the fourth quarter.

Federal government spending added little to the economy in the first quarter, expanding 0.3%, compared with a 7.3% fall in the fourth quarter.

Real final sales of domestic product, a measure that excludes changes to inventories, shrank at a 0.5% pace, compared with a 2.3% rise in the fourth quarter.

Alongside weak growth in the quarter, prices fell.

The price index for personal consumption expenditures—the Fed’s preferred measure for inflation—declined at a 2% annual rate, well below the central bank’s 2% inflation growth target. Core prices, which exclude volatile food and energy components, were up 0.9%, the lowest level since 2010.

 

[Delta4Embassy]

Want a Better Economy History Says Vote Democrat - Forbes

" * Personal disposable income has grown nearly 6 times more under Democratic presidents
* Gross Domestic Product (GDP) has grown 7 times more under Democratic presidents
* Corporate profits have grown over 16% more per year under Democratic presidents (they actually declined under Republicans by an average of 4.53%/year)
* Average annual compound return on the stock market has been 18 times greater under Democratic presidents (If you invested $100k for 40 years of Republican administrations you had $126k at the end, if you invested $100k for 40 years of Democrat administrations you had $3.9M at the end)
* Republican presidents added 2.5 times more to the national debt than Democratic presidents
* The two times the economy steered into the ditch (Great Depression and Great Recession) were during Republican, laissez faire administrations
"

Third time you've posted this LIE and the third time I've called you on it --

You are a liar.

Do Dems run the economy better Nope. - The Washington Post

Complain to Forbes bitch.

 

[nat4900]

Oh well, its the usual Rabbi poop-flinging without basis...as usual

Two questions:

How many JOB-BILLS have been passed by the republican led-congress that Obama has vetoed?

Do the idiotic right wingers who deny global warming, EVER realize how our bad weather affects the economic growth?

 

[rightwinger]

Damn it!

I told you this was going to happen

As soon as Republicans take over Congress, we head into recession

 

[Edgetho]

Complain to Forbes bitch.

You are a lying sack of shit.

You have posted this LIE on at least two other occasions. And I have rebutted it, successfully, each time.

Adam Hartung, the 'contributor' who wrote the lie, is a KNOWN obama fellator and dimocrap scumbag.

His writings are meaningless and slanted.

A perfect fit for a lying sack such as yourself.

Here's the scumbag again --

Obama Outperforms Reagan On Jobs Growth And Investing - Forbes

Laughable.


dimocrap scum like you don't even want to be believed. You KNOW you're lying.

What's more, you KNOW that We know you're lying and YOU DON'T GIVE A FUCK.

All you want to do is get the lie out there.

You are a liar. Which is the lowest form of humanity on earth. And is why dimocraps are the lowest form of life on earth

 

[rightwinger]

Freak'n Republicans

As soon as they take over Congress, the economic Recovery that our President has been fighting for goes in the tank

Is there any better reason not to vote Republican?

 

[Edgetho]

1,154 000 Fewer Americans Working Today Than 6 Years Ago CNS News

 

[Skylar]

Yes Democrat policies deliver failure 100% of the time. The usual suspects will be trotted out, weather, kiosks, George Bush, but the truth is we have Euro style regulation and taxation so we get Eurostyle economies with high unemployment and slow growth. 0.2% growth is not going to cut it.
U.S. Economy Stalls in the First Quarter - Yahoo Finance
The world’s largest economy sputtered to a near-halt in the first quarter, choked by slumping U.S. business investment and exports.


Gross domestic product, the volume of all goods and services produced, rose at a 0.2 percent annualized rate after advancing 2.2 percent the prior quarter, Commerce Department data showed Wednesday in Washington. The median forecast of 86 economists surveyed by Bloomberg called for a 1 percent gain. Consumer spending, the biggest part of the economy, rose 1.9 percent, a little better than projected

Didn't we have 'Euro style regulation' last year when we had the strongest economic growth in 4 years? If your reasoning were correct, we'd see the same results in any quarter where your 'cause' existed. Yet we don't. Clearly there are other factors in play.

The most likely reasons for the Q1 results are an unusually strong dollar, west coast port strikes, and the worst winter in a generation in the north east. All of these issues are known to have a negative impact on economic growth.

Why would anyone looking for the actual causes of Q1 results ignore them?

 

[nat4900]

I think we can safely place Edgetho in the "Palin-for-President" category.

(notice Edgetho's exceptional elocution and erudite responses? Truly a Shakesperean sonneteer.)

 

[Moonglow]

1,154 000 Fewer Americans Working Today Than 6 Years Ago CNS News

When I work the govt. doesn't know about it....

 

[Little-Acorn]

The world’s largest economy sputtered to a near-halt in the first quarter, choked by slumping U.S. business investment and exports.

Gross domestic product, the volume of all goods and services produced, rose at a 0.2 percent annualized rate

Keep in mind that, when the government "economists" announce the Growth Rate for the economy, they always come back six months or a year later, and revise it.... downward.

Every time.

The economy probably shrank last quarter. But it's going to be a long time before the "economists" admit it.

 

[rightwinger]

1,154 000 Fewer Americans Working Today Than 6 Years Ago CNS News

4 million baby boomers retire each year