US GDP rises 5.7%, but corporations aren't hiring

Discussion in 'Current Events' started by Vast LWC, Jan 30, 2010.

  1. Vast LWC
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    Vast LWC <-Mohammed

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    Well, the GDP rose by 5.7% which is a continuation of a trend of rising GDP, so the stimulus and other economic policies appear to be helping a bit:

    U.S. GDP grows at 5.7% rate in fourth quarter - latimes.com

    But unemployment continues to be dismal.

    What's the reason? US Companies keep sending their jobs overseas, to save money, thanks to reliance on market self-governance.

    So the corporations reap record profits, Wall Street continues to climb, and US citizens continue to have no jobs.

    So what's the solution? Obama believes it's giving tax breaks to companies that keep their jobs in the US. I say that's a good start.

    Anyone have any other good ideas to keep jobs here?
     
  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Nobody is going to expand hiring until the economy stabilizes. Employment will be the last indicator to kick in. It will be a long time before it goes below 5% again, but hopefully we can get down to 7-8% by the end of the year
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Listen to Krugman: the Stimulus isn't working, we need more Stimulus!!!
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    How much were last quarter's growth numbers revised downward, and how much of that "growth" is attributed to gubmint just throwing money around?

    Inquiring minds want to know.
     
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  5. Vast LWC
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    Vast LWC <-Mohammed

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    What money was "thrown around" in the fourth quarter?

    Cash for clunkers pretty much ended in the 3rd quarter. Minimal stimulus money was spent in the fourth quarter.

    This looks like it's mostly real GDP growth to me.

    And with real GDP growth there should logically be at least some growth in jobs. Unless the jobs are going elsewhere...
     
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  6. Toro
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    Toro Diamond Member

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    The majority of the growth in the forth quarter came from inventory adjustments.

    Economists were expecting 4.7% growth. It came in at 5.7%.

    Consumption rose 2.0%, better than expected.

    Also, GDP may be revised upwards.
     
  7. Truthmatters
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    that is jsut what the stimulus is supposed to do you fool, keep it all from coming to a crashing halt.

    they hate it and say it didnt work while hating it for working.

    Im sooo sick of partisan hacks.
     
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  8. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    The GDP for the US is $15 Trillion. A 5.7% increase in the GDP amounts to $855 Billion which means we recouped the entire stimulus bill in just one quarter of 2009.

    If the gubmint just throwing around money equates to that much of a rise, we need to do more stimulus spending
     
    Last edited: Jan 30, 2010
  9. Vast LWC
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    Vast LWC <-Mohammed

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    Dang, those are some good numbers.

    Now we just have to make sure companies take those numbers and start hiring AMERICANS.

    So, again, let's get some ideas together for doing that. We got some smart folks here, what do you all think are good ideas to get companies to hire HERE instead of in India?
     
  10. Oddball
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    Oddball BANNED Supporting Member

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    "We" didn't recoup anything.

    Gubmint throwing money around produces nothing that it didn't first expropriate from somewhere else....That's nothing more than spinning your wheels.
     

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