trump inherits a good economy...Obama inherited a MESS
- Thread starter evince
- Start date
Don't talk about things you know nothing about. You just look stupid.
PostmodernProphet
fully immersed in faith..
because ten trillion dollars of new debt means absolutely nothing......
evince
Truthmatters
where does the 2008 crash rank on the recessions list idiot
blackascoal
The Force is With Me
Life is Golden
The Sage
Worst economy ever. That's all about to change.....
WASHINGTON
U.S. economy grew at strong 3.5 pct. annual rate last quarter
The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn't expected to last.
The gain in the gross domestic product — the economy's total output of goods and services — came from added strength in consumer spending, business investment and the government sector, the Commerce Department said Thursday. The government had previously estimated last quarter's annual growth rate at 3.2 percent.
Thursday's GDP report "paints a picture of a healthy consumer, likely fueled by ongoing gains in employment, modest increases in wages, and solid balance sheets," Michael Gapen of Barclays.
The economy's acceleration last quarter marked a sharp pickup from the tepid annual growth of 0.8 percent in the first quarter and 1.4 percent in the second. Still, growth is expected to slow to a roughly 1.5 percent annual rate in the October-December quarter, reflecting in part less consumer spending and less business stockpiling.
Growth for the entire year, economists say, is likely to be around 1.5 percent.
Read more here: http://www.mcclatchydc.com/news/pol...-politics/article122384304.html#storylink=cpy
U.S. economy grew at strong 3.5 pct. annual rate last quarter
The U.S. economy grew at a 3.5 percent annual rate in the July-September quarter, the fastest pace in two years and more than the government had previously estimated. But the growth spurt isn't expected to last.
The gain in the gross domestic product — the economy's total output of goods and services — came from added strength in consumer spending, business investment and the government sector, the Commerce Department said Thursday. The government had previously estimated last quarter's annual growth rate at 3.2 percent.
Thursday's GDP report "paints a picture of a healthy consumer, likely fueled by ongoing gains in employment, modest increases in wages, and solid balance sheets," Michael Gapen of Barclays.
The economy's acceleration last quarter marked a sharp pickup from the tepid annual growth of 0.8 percent in the first quarter and 1.4 percent in the second. Still, growth is expected to slow to a roughly 1.5 percent annual rate in the October-December quarter, reflecting in part less consumer spending and less business stockpiling.
Growth for the entire year, economists say, is likely to be around 1.5 percent.
Read more here: http://www.mcclatchydc.com/news/pol...-politics/article122384304.html#storylink=cpy
cawacko
Well-known member
Maintain? Obama can't maintain it. They're projecting 2% fourth quarter growth. Growth has been two percent over his term which is why this recovery has been so poor.
Trump could f it up with trade wars but otherwise the bar is not at a hmvery high level
PostmodernProphet
fully immersed in faith..
and the Dems never have, right Desh?.....
Cancel 2018.2
Oh, hi
You idiots, the real estate market corrected itself and you tools want to blame Bush and praise Obama for that.
Simpletons.
Simpletons.
You ain't seen nothin' yet.
Cancel 2018.2
Oh, hi
Bukkkle?
PostmodernProphet
fully immersed in faith..
we're not talking about your posts, gomer......