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3.2 GDP Fuck Yeah!

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  • greenblood
    greenblood Member Posts: 14,566
    Pitchfork51 said:

    greenblood said:

    2001400ex said:

    PostGameOrangeSlices said:

    "Yeah GDP grew at a way better percentage than expected, but consumer spending slightly dipped. This is a disaster for the economy"


    - CNN

    I'm just glad labor participation rates don't matter anymore.
    Yeah...only the fact that the labor participation rates are up from a 40 year low in 2015.
    Thanks Obama!
    The bar wasn’t set very high
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  • HHusky
    HHusky Member Posts: 24,335
    RaceBannon said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
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  • allpurpleallgold
    allpurpleallgold Member Posts: 8,771
    UW_Doog_Bot said:

    USMChawk said:

    SFGbob said:

    RaceBannon said:

    CNN stunned this could happen with a government shut down

    Tax cuts do nothing to help an economy. I hear Food Stamps and Unemployment benefits are the best ways to get an economy roaring.

    "Economists agree that unemployment benefits remain one of the best ways to grow the economy in a very immediate way," House Minority Leader Nancy Pelosi (R-Calif.) said at a news conference on Thursday.



    Overall enrollment in the country’s food stamp program has dropped to its lowest level in more than eight years as the economy continues to improve and the Trump administration attempts to tackle fraud in the program.



    Nancy Pelosi is a Republican?
    APAG confirms.
    I wouldn’t say that. But I guarantee you she thinks Bernie cost Hillary.
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  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,527 Founders Club
    HHusky said:

    RaceBannon said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
    No
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  • YellowSnow
    YellowSnow Moderator, Swaye's Wigwam Posts: 37,699 Founders Club
    Sad that 3.2% gets all excited in 'Merica now. Will we ever get over 4% for year ever again?
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  • SFGbob
    SFGbob Member Posts: 33,188
    YellowSnow said:

    Sad that 3.2% gets all excited in 'Merica now. Will we ever get over 4% for year ever again?

    You would of had a year of 4% growth if Trump or Reagan were in office in 2009. Obama's policies guaranteed weak growth.
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  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,551 Founders Club
    HHusky said:

    RaceBannon said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
    Based on what numbers?
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  • HHusky
    HHusky Member Posts: 24,335
    RaceBannon said:

    HHusky said:

    RaceBannon said:

    CNN stunned this could happen with a government shut down

    Funny you should mention that. A significant part of the rise was a big increase in state and local spending, which itself was caused in large part by the federal government shutdown.
    No
    Meaty
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  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,551 Founders Club
    greenblood said:

    2001400ex said:

    PostGameOrangeSlices said:

    "Yeah GDP grew at a way better percentage than expected, but consumer spending slightly dipped. This is a disaster for the economy"


    - CNN

    I'm just glad labor participation rates don't matter anymore.
    Yeah...only the fact that the labor participation rate is up from a 40 year low in 2015.
    The numbers are actually pretty amazing adjusted for demographics. We really are below what was considered "normal" structural unemployment in working age adults.
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