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It didn't even do that well.
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I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio -
Is the phrase "talking down the economy" used in the US?Comment
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That's how beautiful it is, spend more money and the economy it does, I wonder why the stupid republicans pretend that they don't understand it. Brilliant!(d) Sheer logic: If money is being spent, the economy does better.
But why spend so little and stop at $787 billion, why not loan $10 000 billion and spend it all as an additional stimulus? And obtain another $2 000 billion from higher taxes and spend it on government projects decided by Congress, too
The more government spends, the healthier the economy becomes
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****...
Economic rebound weaker than first thought
The economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously thought. However, all signs suggest the economy will end the year on stronger footing.
The Commerce Department's new reading on gross domestic product for the July-to-September quarter was slower than the 2.8 percent growth rate estimated just a month ago. Economists were predicting that figure wouldn't be revised in the government's final estimate on third-quarter GDP.
KH FOR OWNER!
ASHER FOR CEO!!
GUYNEMER FOR OT MOD!!!Comment
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Yeah, I'm not impressed with the job done on the preliminary figures. They had quite a while with 2/3 of the months that make up the 3rd quarter before they had to announce. 3.5->2.8->2.2 is not particularly good.
The good news is that the corrections seem to be due mainly to increased estimates of businesses eating inventories. Dropping inventories now translates directly to increasing inventories later. Businesses in the US cut both inventories and staffing to the bone compared to the drop in final demand.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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That actually is good news as excess inventories are the enemy of factory output.Try http://wordforge.net/index.php for discussion and debate.Comment
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85,000 more jobs lost in December...
KH FOR OWNER!
ASHER FOR CEO!!
GUYNEMER FOR OT MOD!!!Comment
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Yeah, not good news at all.12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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KH FOR OWNER!
ASHER FOR CEO!!
GUYNEMER FOR OT MOD!!!Comment
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Glad that it's finally over.
“As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
"Capitalism ho!"Comment
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I don't follow that last graph - number of jobs in what context?Comment
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I followed it and bumped my chin on the desk. Ouchie.Comment
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"I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburgerComment
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The recovery trends are interesting.“As a lifelong member of the Columbia Business School community, I adhere to the principles of truth, integrity, and respect. I will not lie, cheat, steal, or tolerate those who do.”
"Capitalism ho!"Comment
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Drake seems to be right yet again: STIMULUS WATCH: Unemployment Unchanged by ProjectsI make no bones about my moral support for [terrorist] organizations. - chegitz guevara
For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator RubioComment
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