GDP Growth Rate More Than Doubled in ...

GDP Growth Rate More Than Doubled in Third Quarter

There are 19 comments on the www.usnews.com story from Nov 29, 2012, titled GDP Growth Rate More Than Doubled in Third Quarter. In it, www.usnews.com reports that:

Growth was much faster than originally expected

Economic output was better than originally thought in the third quarter of 2012, according to the Commerce Department. Today the department revised last quarter's GDP growth estimate upward, from a 2.0 percent annual rate to a 2.7 percent annual rate. That also represents a significant acceleration from the second quarter, when GDP grew by only 1.3 percent.

Join the discussion below, or Read more at www.usnews.com.

“It's Time to Defeat Terrorism ”

Since: May 11

NYC

#1 Nov 29, 2012
The elections are over but Obama's fake liberal media keep lying to the naive liberal parasites who are waiting for their Obama free monthly check to come. Jon Stewart is a despicable fake phony fraud who serves as Obama liberal attack dog aiming at brainwashing the ignorant Americans who cannot find the different between lies with cover up and the truth. Obama is pushing America over the cliff and the Americans that think that Obama’s free monthly check will continue to get into their bank accounts will wake up one day and find themselves flying over the cliff to their major crush where there are no free checks.

“Open your eyes”

Since: Sep 09

Central Florida

#2 Nov 29, 2012
Everything is best said in this one sentence.

"Business spending on inventories and federal government spending were two of the key factors accelerating growth in the third quarter"

Exactly what I have said on other posts. Inventory increases only. Not selling US manufactured goods to the people or the world. Increase in inventory brings you nothing.

And Government spending. Government borrowed money from banks at interest to spend on crap that is not needed. Like escalating wars, intervention into other country affairs, and increasing our imperialistic bases in over seas countries.

And they are parading a 0.7% increase as a form of recovery.......now that is comical.

How about people compare that 0.7% increase to the a ration of amount of debt based currency that is being pump into the house of cards to the tune of $84B/mo?

Since: Dec 07

Kemp, TX

#3 Nov 29, 2012
Mr. Bill often doesn't read the irony in his own dem propganda machine.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#4 Nov 29, 2012
Jeff Brightone wrote:
The elections are over but Obama's fake liberal media keep lying to the naive liberal parasites who are waiting for their Obama free monthly check to come. Jon Stewart is a despicable fake phony fraud who serves as Obama liberal attack dog aiming at brainwashing the ignorant Americans who cannot find the different between lies with cover up and the truth. Obama is pushing America over the cliff and the Americans that think that Obama’s free monthly check will continue to get into their bank accounts will wake up one day and find themselves flying over the cliff to their major crush where there are no free checks.
Does lighht ever get into your cave, batboy?

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#5 Nov 29, 2012
Kahoki wrote:
Everything is best said in this one sentence.
"Business spending on inventories and federal government spending were two of the key factors accelerating growth in the third quarter"
Exactly what I have said on other posts. Inventory increases only. Not selling US manufactured goods to the people or the world. Increase in inventory brings you nothing.
And Government spending. Government borrowed money from banks at interest to spend on crap that is not needed. Like escalating wars, intervention into other country affairs, and increasing our imperialistic bases in over seas countries.
And they are parading a 0.7% increase as a form of recovery.......now that is comical.
How about people compare that 0.7% increase to the a ration of amount of debt based currency that is being pump into the house of cards to the tune of $84B/mo?
Um, inventory of th third quarter is sold,(guess when?)

That's right, read about 'Black Friday' and further Christmas sale figures.

You havn't forgotten, I'm sure, that "trickle down," or "supply side economics" failed miserably, catastrophically; and put us into this great, long, recession followed by slow recovery?

Since: Dec 07

Kemp, TX

#6 Nov 29, 2012
Mr_Bill wrote:
<quoted text>
Um, inventory of th third quarter is sold,(guess when?)
That's right, read about 'Black Friday' and further Christmas sale figures.
You havn't forgotten, I'm sure, that "trickle down," or "supply side economics" failed miserably, catastrophically; and put us into this great, long, recession followed by slow recovery?
Black Friday has been here for decades.........not an Obama idea, pinhead.

A couple of quick additional major events that occurred during the Clinton era that contributed to the economic boom that are not mentioned by the democrats. The free market of Reaganomics caused the dot.com boom. Oil prices went from $40/barrel to $15 per barrel and interest rates fell to the lowest level in 20 years. The Clinton era good times were largely in spite of Clinton. 1992-2000 would have been good if Bozo the clown had been President. The Clinton era was fortunate to be at a time that benefitted from the policies of Regan and GHW Bush.

When the dot.com industry went bust right after Bush became President, Clinton's projected "surplus" didn't materialize. The money never came in and..........of course the left said Bush squandered it... LMAO squarndered something that never came in.

Mr. Bill's propaganda stories are hilarious.

“Open your eyes”

Since: Sep 09

Central Florida

#7 Nov 29, 2012
Mr_Bill wrote:
<quoted text>
Um, inventory of th third quarter is sold,(guess when?)
That's right, read about 'Black Friday' and further Christmas sale figures.
You havn't forgotten, I'm sure, that "trickle down," or "supply side economics" failed miserably, catastrophically; and put us into this great, long, recession followed by slow recovery?
LOL, recovery. For who? US manufacturers or Chinese and Bangladesh manufacturers?

You mention the Black Friday sales. Ok when the final numbers come out, let's look at sales figures and compare those to personal debt increase. Watch it be a wash.

So then we can ask again, where is the recovery?

Also, Supply Side Economics works. Create the world supply of goods then you can dictate the price. Reagan's problem was borrowing money from banks. Borrowing more than taking in and having to pay interest on the loans. And all they had to do is created the money through Congress as a non debt back currency capped with the amount of GDP and population indexes.

It all comes back the same root problem Bill. DEBT.

Since: Dec 07

Kemp, TX

#8 Nov 29, 2012
Mr_Bill wrote:
<quoted text>
Um, inventory of th third quarter is sold,(guess when?)
That's right, read about 'Black Friday' and further Christmas sale figures.
You havn't forgotten, I'm sure, that "trickle down," or "supply side economics" failed miserably, catastrophically; and put us into this great, long, recession followed by slow recovery?
Belgium has gone to Reaganommics........supply side and is prospering.

He lowered marginal tax rates from 70% in two phases: to 50%(Economic Recovery Tax Act of 1981) and in a later phase to 28%(The Tax Act of 1986).

These tax cuts created 18 million new jobs in 8 years, lowered inflation to 4.3% and cut unemployment from 9.7% to 5.4%. One of the longest and strongest economic expansions since World War II had begun, with an average annual growth rate of 3.5%. But the first two years (1981 and 1982) were lost for Reagan. Fed chairman Paul Volcker fought inflation with a tight monetary policy and high interest rates. The Reagan administration urged Volcker to decrease monetary growth by a maximum of 50%, in order not to kill the tax cut program. But as the Federal Reserve is totally independent, Volcker cut money growth by 75% in 1981. The recession became even worse, and unemployment rose further. But after inflation had been defeated, money growth resumed and the Reagan expansion took shape.

France has jumped it's tax rate to 75%, Businesses are leaving for other countries and growing unemployment

Germany is increasing businesses, California is losing business

Your Keynes System..........sucks.

“Open your eyes”

Since: Sep 09

Central Florida

#9 Nov 29, 2012
Mr_Bill wrote:
<quoted text>

That's right, read about 'Black Friday' and further Christmas sale figures.
Black Friday: Treasury Borrowed $211.69 Per U.S. Household on Day After Thanksgiving
http://cnsnews.com/news/article/black-friday-...

The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households.

At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.

The Census Bureau estimated that as of September there were approximately 114,916,000 households in the United States. So, the $24,327,048,384.38 that the Treasury borrowed on Friday equaled about $211.69 per household.

Friday was also the first time in the history of the United States that the debt has topped $16.3 trillion.

When President Barack Obama first took office on Jan. 20, 2009, the national debt stood at $10,626,877,048,913.08. Since then, it has increased by $5,680,611,894,651.15.

That means that since Obama has been president, the national debt has increased by about $49,432.73 per household.

This goes back to what I said earlier. The problem is debt.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#10 Nov 29, 2012
Kahoki wrote:
<quoted text>
LOL, recovery. For who? US manufacturers or Chinese and Bangladesh manufacturers?
You mention the Black Friday sales. Ok when the final numbers come out, let's look at sales figures and compare those to personal debt increase. Watch it be a wash.
So then we can ask again, where is the recovery?
Also, Supply Side Economics works. Create the world supply of goods then you can dictate the price. Reagan's problem was borrowing money from banks. Borrowing more than taking in and having to pay interest on the loans. And all they had to do is created the money through Congress as a non debt back currency capped with the amount of GDP and population indexes.
It all comes back the same root problem Bill. DEBT.
You wil be happy to hear that the FED is buying up bonds to restore the economy. It works.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#11 Nov 29, 2012
Kahoki wrote:
<quoted text>
Black Friday: Treasury Borrowed $211.69 Per U.S. Household on Day After Thanksgiving
http://cnsnews.com/news/article/black-friday-...
The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households.
At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.
The Census Bureau estimated that as of September there were approximately 114,916,000 households in the United States. So, the $24,327,048,384.38 that the Treasury borrowed on Friday equaled about $211.69 per household.
Friday was also the first time in the history of the United States that the debt has topped $16.3 trillion.
When President Barack Obama first took office on Jan. 20, 2009, the national debt stood at $10,626,877,048,913.08. Since then, it has increased by $5,680,611,894,651.15.
That means that since Obama has been president, the national debt has increased by about $49,432.73 per household.
This goes back to what I said earlier. The problem is debt.
There are many problems, and National Debt is one of the major ones. You are wrong to hang the $6 Trillion cost of recovering the economy from GW Bush's shenanigans on President Obama. He had little choice,if we didn't want a major, world-wide depression.

We need to cut back the gross welfare income redistribution from the 'blue states' to the 'red states.' We need to increase taxes on those who can afford increases, wthout crashing the economy.

We should institute an import tariff on manufactured goods; and an export tariff on raw materials ans petroleum.
Plegde 2da fook

Nha Trang, Vietnam

#12 Nov 29, 2012
look like the Topix Bartee still goin ON!!;-0000
Plegde 2da fook

Nha Trang, Vietnam

#13 Nov 29, 2012
Kahoki wrote:
<quoted text>
Black Friday: Treasury Borrowed $211.69 Per U.S. Household on Day After Thanksgiving
http://cnsnews.com/news/article/black-friday-...
The U.S. Treasury increased the net debt of the United States $24,327,048,384.38 on the day after Thanksgiving, which equals approximately $211.69 for each of the nation’s 114,916,000 households.
At the close of business last Wednesday, according to the Treasury, the national debt was $16,283,161,895,179.85. On Thanksgiving, the Treasury took the day off and did no borrowing. But on Friday, the Treasury increased the debt of the United States to $16,307,488,943,564.23. That was a one-day increase of $24,327,048,384.38.
The Census Bureau estimated that as of September there were approximately 114,916,000 households in the United States. So, the $24,327,048,384.38 that the Treasury borrowed on Friday equaled about $211.69 per household.
Friday was also the first time in the history of the United States that the debt has topped $16.3 trillion.
When President Barack Obama first took office on Jan. 20, 2009, the national debt stood at $10,626,877,048,913.08. Since then, it has increased by $5,680,611,894,651.15.
That means that since Obama has been president, the national debt has increased by about $49,432.73 per household.
This goes back to what I said earlier. The problem is debt.
pravite n public? demo + repoo = massssss debts!!!

;-0000000000000000
Plegde 2da fook

Nha Trang, Vietnam

#14 Nov 29, 2012
Mr_Bill wrote:
<quoted text>
There are many problems, and National Debt is one of the major ones. You are wrong to hang the $6 Trillion cost of recovering the economy from GW Bush's shenanigans on President Obama. He had little choice,if we didn't want a major, world-wide depression.
We need to cut back the gross welfare income redistribution from the 'blue states' to the 'red states.' We need to increase taxes on those who can afford increases, wthout crashing the economy.
We should institute an import tariff on manufactured goods; and an export tariff on raw materials ans petroleum.
Bill U wanne see National Treasure trilogy!!

Trinity Wall street!!!!!!! ;-0000
lolol

Albuquerque, NM

#15 Nov 29, 2012
Mr_Bill wrote:
<quoted text>
You wil be happy to hear that the FED is buying up bonds to restore the economy. It works.
/
buying bonds with what ? more fed printed money backed by what ? obamas good name ? this house of cards will fall faster than lindsey lohans knickers.
Plegde 2da fook

Nha Trang, Vietnam

#16 Nov 29, 2012
lolol wrote:
<quoted text>
/
buying bonds with what ? more fed printed money backed by what ? obamas good name ? this house of cards will fall faster than lindsey lohans knickers.
dr. Bill_mr! mean glue yo assssset to Bloomberg.tv and listeing UNtv meeting;-000000

“Open your eyes”

Since: Sep 09

Central Florida

#17 Nov 30, 2012
Mr_Bill wrote:
<quoted text>
You wil be happy to hear that the FED is buying up bonds to restore the economy. It works.
No it does not.

The money being used to buy up these mortgage backed securities is created out of thin air. The people as per Thomas Jefferson "who it properly belongs" in regard to money, is created in a computer, issued by the Fed, and loaned to the Treasury at interest, in order to buy up houses and property.

Thomas Jefferson said it best, "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

The money being used is debt. Debt being created and issued by a private bank to other private banks and the people are having to pay for the principle and interest.

I will use me for instance. Not being able to re-finance my loan due to the loan being set up through a Goldman Sachs security in 2005 when I bought the house reluctantly. Since then, the security has been moved from Goldman Sachs and bought up by Bank of NY Mellon. What QE3 does is, it allows the Federal Reserve to buy up the security from Bank of NY Mellon (in which Bank of NY Mellon will be required to purchase Treasury Notes) and puts the control of my mortgage into the hands of the Federal Reserve.

All of which is without my approval. Once the Fed takes the mortgages, the people, just like Jefferson said, will "wake up homeless on the continent their Fathers conquered".

The exact same financial issues we face today has been the constant fight through out history.

1. Jesus drove the money changers from the temple with a whip for charging people a specific silver coin in order to pray.

2. The American Revolution took place due to the Bank of England forcing upon the colonist the use of a specific gold coin by the bank and removing Colonial Script as legal non debt based tender.

3. The Bank of England informing the British that they lost to Napoleon after they actually won the battle of Waterloo, in order to crash all markets and buy up the entire country for pennies on the dollar.

4. The Bank of England, The Federal Reserve, The Bank of France forcing upon the Vimar Republic higher restitution rates causing hyper inflation.

5. 1930's, US bank holiday. Where FDR and the Fed shut down all banks and FDR made it illegal to own gold. When the banks opened 3 days later, the purchasing power of the peoples money drop by 25%.

And we can keep going and going showing the historical fight between using money as a tool and using money by banks to control.

“Open your eyes”

Since: Sep 09

Central Florida

#18 Nov 30, 2012
Mr_Bill wrote:
<quoted text>
There are many problems, and National Debt is one of the major ones. You are wrong to hang the $6 Trillion cost of recovering the economy from GW Bush's shenanigans on President Obama. He had little choice,if we didn't want a major, world-wide depression.
We need to cut back the gross welfare income redistribution from the 'blue states' to the 'red states.' We need to increase taxes on those who can afford increases, wthout crashing the economy.
We should institute an import tariff on manufactured goods; and an export tariff on raw materials ans petroleum.
We should do all of these things, but, won't. Why? It is not in the best interest of the Globalists that are in charge.

And lets say we actually do it? The root problem will still be there.

Debt based currency issued by a bank with no controls on the quantity of it being issued.

“Open your eyes”

Since: Sep 09

Central Florida

#19 Nov 30, 2012
Here you go Bill. Think about this for a little while.

All the perplexities, confusions, and distress in America arise, not from defects in their constitution or confederation, not from want of honor or virtue, so much as from the downright ignorance of the nature of coin, credit, and circulation.------John Adams, Letter to Thomas Jefferson, August 25, 1787

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