U.S. Economy Grew at 2.7% Rate, More ...

U.S. Economy Grew at 2.7% Rate, More Than First Estimated

Posted in the Minneapolis Forum

The Truth

Saint Paul, MN

#1 Nov 29, 2012
U.S. Economy Grew at 2.7% Rate, More Than First Estimated

Source: Bloomberg

By Shobhana Chandra - Nov 29, 2012
The economy in the U.S. expanded more than previously estimated in the third quarter as a narrower trade deficit and gains in inventory overshadowed a smaller gain in consumer spending.

Gross domestic product grew at a 2.7 percent annual rate, up from a 2 percent prior estimate, revised figures from the Commerce Department showed today in Washington. The median forecast of 82 economists surveyed by Bloomberg called for a 2.8 percent gain. Household purchases climbed at a 1.4 percent rate, the least in more than a year and down from a previously reported 2 percent rate, and income gains were also cut.

“We’re just muddling through,” said Brian Jones, a senior U.S. economist at Societe Generale in New York.“The mix between final demand and inventories was far less favorable. The consumer spending numbers are a reflection of the fact that job growth remains sluggish.”

The report helps explain why Federal Reserve policy makers have said they’ll continue to pump money into the economy to spur growth and reduce joblessness. At the same time, an improvement in housing, employment gains and healthier household finances may help underpin consumer purchases, the biggest part of the economy.

Read more: http://www.bloomberg.com/news/2012-11-29/econ...

Smart Liberal

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#2 Nov 29, 2012
You are saying this is good news?

This is horrible news. It demonstrates what a failure the Obama Administration is now, has been since is inaugeration day, and will be until he leaves office.

Even Robert Reich says anything less than a 4.5% to 5% growth rate is anemic.(You do know who Robert Reich is and what a Leftist he is, don't you?)

Since: Sep 11

Rogers, MN

#3 Nov 29, 2012
This report does not read like it was written to be encouraging.
Consistent

Grantsburg, WI

#4 Nov 29, 2012
I believe that about 5% growth is the minimum required to maintain the deplorable economic levels that the Messiah has created through his Race baiting, Class Envy Feminists and "Colored" Folk Handlers, in the Peoples House.

Lemme say.....Bahayahayahayah!
Consistent on Welfare

Minneapolis, MN

#5 Nov 29, 2012
Smart Liberal wrote:
You are saying this is good news?
This is horrible news. It demonstrates what a failure the Obama Administration is now, has been since is inaugeration day, and will be until he leaves office.
Even Robert Reich says anything less than a 4.5% to 5% growth rate is anemic.(You do know who Robert Reich is and what a Leftist he is, don't you?)
Funny. Seems to me that it was Bush that took a healthy economy with low deficits and chnged that into a major recession and huge deficits.
Consistent

Grantsburg, WI

#6 Nov 29, 2012
Consistent on Welfare wrote:
<quoted text>
Funny. Seems to me that it was Bush that took a healthy economy with low deficits and chnged that into a major recession and huge deficits.
Psychotic,

"Seems to me"...A lot of things seems to you that have no basis in reality.

"and chnged that"...It may be time to summon up your Slewsie Persona, she has a better spell checker.
Consistent on Welfare

Minneapolis, MN

#8 Nov 29, 2012
This from the illiterate teabagger that lives off the government.
Consistent

Grantsburg, WI

#9 Nov 29, 2012
Consistent on Welfare wrote:
This from the illiterate teabagger that lives off the government.
Slewsie,

Do not make you stay in this Multiple Personality for forever!

Now ask Slewsie to come back and do your Spellcheck, the Folks may get the wrong impression about your intelligence.
redeemer

Minneapolis, MN

#10 Nov 29, 2012
Consistent on Welfare wrote:
This from the illiterate teabagger that lives off the government.
It so nice to see that the hater's can't win for losing,this is good news for america,were coming back from Bush and the republican
depression and in 2014 when we defeat the remaining teabagger's and put the final nail in their coffin.
redeemer

Minneapolis, MN

#11 Nov 29, 2012
Consistent wrote:
<quoted text>
Slewsie,
Do not make you stay in this Multiple Personality for forever!
Now ask Slewsie to come back and do your Spellcheck, the Folks may get the wrong impression about your intelligence.
You must have smoked a lot of dope and drank a lot of cheap booze
in your day because your mind is fried,dude make it easy on yourself and just shot yourself in the ear.
Consistent

Grantsburg, WI

#12 Nov 29, 2012
redeemer wrote:
<quoted text>
It so nice to see that the hater's can't win for losing,this is good news for america,were coming back from Bush and the republican
depression and in 2014 when we defeat the remaining teabagger's and put the final nail in their coffin.
Rocket Scientist,

There is new thing called "Google".

Try Google and search for "Economic Growth, States Republican....and compare this with the Demokrat Sheeple States that Re Erected your Messiah.

When you have it read to you by whomever, come back and tell us about who is thriving in spite of being forced to sustain with their taxes, Demokrat Cesspools run by "Your Folks".

Smart Liberal

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#13 Nov 29, 2012
Consistent on Welfare wrote:
<quoted text>
Funny. Seems to me that it was Bush that took a healthy economy with low deficits and chnged that into a major recession and huge deficits.
Bush was 5 years ago. This is today. Obama is an abysmal failure.
non-starter

Saint Paul, MN

#15 Nov 29, 2012
Consistent on Welfare wrote:
<quoted text>
Funny, it is the RED states that get back more than they pay in Federal taxes. The Blue states support the red states.
The blue states can't even support themselves. Look at California, New York, and Illinois for an example of how not to run a state budget.
Amused Slew

Kent, WA

#16 Nov 29, 2012
non-starter wrote:
<quoted text>The blue states can't even support themselves. Look at California, New York, and Illinois for an example of how not to run a state budget.
All 3 have enough wealth to purchase your state and give it back to nature....

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