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US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 8:26 am
by Cap'n Cat
http://money.cnn.com/2014/07/30/investi ... ?hpt=hp_t2" onclick="window.open(this.href);return false;
What a relief. The deep economic contraction earlier this year was temporary after all.
"Man, tell you what, Harvey...dat Obama dude - ain't half bad for a darkie."
New data released Wednesday show the U.S. economy bounced back in the spring, growing at a 4% annual pace in the second quarter. That was even better than the forecast of 3% growth, according to a consensus of economists surveyed by CNNMoney.
Consumer spending, which alone accounts for about two thirds of U.S. economic activity, strengthened, as did exports to foreign countries and business investments.
American consumers spent more money on long-lasting goods like autos, appliances and furniture, while businesses invested more in technology and industrial equipment. Both can be seen as good signs that households and companies are more optimistic and investing in the future.
The Bureau of Economic Analysis also revised historical data, and the new numbers show the bad winter wasn't quite as bleak as last reported. The economy contracted at a 2.1% rate in the first three months of the year, as opposed to the decline of 2.9% reported last month. Meanwhile, the second half of 2013 was also stronger than originally reported.
"Businesses are not just spending on new equipment and structures, but manpower, too," said Sal Guatieri, senior economist at BMO Capital Markets.
"B-b-b-but Baldy and Tman said Obama was gonna lead us to e-e-e-economic RUIN?!?!?!?!"
"EEYeah, dass' right! World-beatin' economy, y'all!"
And they say Romney would win a do-over! BWAAAAAHAHAHAHAHAHAAA!
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 8:42 am
by houndawg
Time for these half-wit conksuckers to love it or leave.
What is it about these people that they would rather see the country fail than a black man get credit?
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 8:56 am
by Ivytalk
So, Cap'n, you're still employed?
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 9:11 am
by Cap'n Cat
Ivytalk wrote:So, Cap'n, you're still employed?
Oh, yeah, IT, for quite a while. Even used your name as a reference!
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 9:14 am
by Cap'n Cat
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 9:34 am
by 89Hen
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 9:57 am
by CitadelGrad
Over half of the growth is attributable to inventory accumulation. We'll see if it moves out of the warehouses during the next quarter. Right now it is sitting on shelves and warehouse floors. Don't expect the Europeans to buy it up anytime soon. You can forget the Japanese and Chinese too.
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 3:00 pm
by Cap'n Cat
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Wed Jul 30, 2014 3:28 pm
by Bronco
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If you like part time jobs this is a great economy
[youtube]
http://www.youtube.com/watch?v=rhwW2gv6SO0[/youtube]
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 5:22 am
by OL FU
Good news. Hope it continues. One the other hand, Bush only incorrectly declared mission accomplished once. How many times is Obama going to incorrectly spike the ball on the economy
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 7:38 am
by Cap'n Cat
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 7:56 am
by OL FU
and still do
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 8:33 am
by Cap'n Cat
OL FU wrote:Good news. Hope it continues. One the other hand, Bush only incorrectly declared mission accomplished once. How many times is Obama going to incorrectly spike the ball on the economy
Funny, though - the facts show sumpin diff'ernt since your boy, Dubya, went down in flames.....
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 9:03 am
by OL FU
Cap'n Cat wrote:OL FU wrote:Good news. Hope it continues. One the other hand, Bush only incorrectly declared mission accomplished once. How many times is Obama going to incorrectly spike the ball on the economy
Funny, though - the facts show sumpin diff'ernt since your boy, Dubya, went down in flames.....
Not sure what that is but just to be clear my point was.... everytime GDP growth gets above 3% for a quarter, Obama spikes the ball to watch growth dip later to then spike the ball sometime again in the future.
Hopefully, it holds this time.
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 9:53 am
by Bronco
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I'll believe the economy is doing great when the good cap'n has a job.
Obama and his administration are proven liars...so I don't believe a thing they say.
The Insiders: This month’s jobs headlines don’t tell the true story
Washington Post ^ | July 3 | Ed Rogers
The headline of today’s jobs report, that 288,000 jobs were created in the last month, is positive. At least, it is better than a poke in the eye with a sharp stick. However, as with most economic reports these days, there is a veneer of good news — but when you look closer, the White House is using the positive headlines to hide the growing deterioration of the American workforce.
Last month, 523,000 full-time jobs were lost, while 799,000 part-time jobs were added. Another way of looking at these numbers is that almost all of the 288,000 jobs created last month were just part-time positions. And remember, not even that would happen if President Obama got his way and raised the minimum wage during this anemic recovery.
We need more robust job growth in this country, but, specifically, we need good, well-paying, full-time jobs. Right now, only 47.7 percent of adults in America are working full-time. Losing more than half a million full-time jobs in one month is not indicative of a strong, growing economy. It’s a red light flashing on the nation’s dashboard.
(Excerpt) Read more at washingtonpost.com ...
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 10:24 am
by CitadelGrad
And thanks to Obamacare .....
The Chicago PMI (Purchasing Managers Index) missed its estimate by the largest margin in history and saw the biggest drop since October 2008. The moving average reached a 13-month low.
Yep, everything is just peachy out there in Obamaland. Thank you, Mr. President.
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 12:14 pm
by 89Hen
CitadelGrad wrote:
Is it just me or do I see the making of a right shoulder?
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 1:28 pm
by Baldy
Wall Street was so overjoyed with Obama's wonderful GDP numbers that the Dow lost over 300 points today.
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 1:50 pm
by OL FU
Baldy wrote:Wall Street was so overjoyed with Obama's wonderful GDP numbers that the Dow lost over 300 points today.
Speaking from guessing and not knowledge (I'll let CitadelGrad agree or disagree), you can tell a fed driven market when it goes up on bad economic news (oh boy easy money continues) and down on good (oh shit, the fed is going to cut off the tap).
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 2:20 pm
by Baldy
OL FU wrote:Baldy wrote:Wall Street was so overjoyed with Obama's wonderful GDP numbers that the Dow lost over 300 points today.
Speaking from guessing and not knowledge (I'll let CitadelGrad agree or disagree), you can tell a fed driven market when it goes up on bad economic news (oh boy easy money continues) and down on good (oh shit, the fed is going to cut off the tap).
Wall Street isn't happy that the Fed is tapering QE. It's going to be interesting to see what happens once the tap is cut off completely.
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 2:26 pm
by CitadelGrad
OL FU wrote:Baldy wrote:Wall Street was so overjoyed with Obama's wonderful GDP numbers that the Dow lost over 300 points today.
Speaking from guessing and not knowledge (I'll let CitadelGrad agree or disagree), you can tell a fed driven market when it goes up on bad economic news (oh boy easy money continues) and down on good (oh shit, the fed is going to cut off the tap).
True, but the smart money on Wall Street knows that the 4.0% growth rate is bullshit. They are letting the dumb money flow in until they dump. The retail investors will be left holding the bag and the smart money will buy another mansion in the Hamptons.
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 3:26 pm
by AZGrizFan
While you two are over in the corner fellating each other into submission, the rest of us actually give a shit about the future of the country....you two are like Wall Street fucks who only care about the next quarter's forecast.
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 3:29 pm
by AZGrizFan
That schtick has gotten tiresome....time for some new material, cappy.
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 3:45 pm
by DSUrocks07
AZGrizFan wrote:
That schtick has gotten tiresome....time for some new material, cappy.
He's already planning on going the misogynists route leading up to 2016
Re: US Economy Bounces Back Sharply! GObama!!!
Posted: Thu Jul 31, 2014 4:20 pm
by Ivytalk
DSUrocks07 wrote:AZGrizFan wrote:
That schtick has gotten tiresome....time for some new material, cappy.
He's already planning on going the misogynists route leading up to 2016
Cappy uses the Donk force field to let himself shout "n****r" whenever his racist Minnesota ass pleases.
