US economic growth slowed to 1.5 pct. rate in Q2

[CuteOldGuy]

Mitt said . . . Obama said . . . Minor details. Here's where the rubber meets the road. The economy has been a shamble for over 4 years, and not getting better. That is not good news for Obama.

http://wtop.com/628/2885164/US-econo...pct-rate-in-Q2

[thorleif3x]

and not good news for the citizen either...read the WSJ and see all the large companies afraid of their growth earnings the rest of the year and into 2013.

as granpappy said "that fish ain't on the hook yet"

[tttalinky]

Obama is OUT!
No way he can be re-elected with these bad numbers!

[joe bloe]

It looks like having a Marxist president isn't good for the economy. Who would have thought.

[JD Barleycorn]

Its starting to look like a double dip recession on the horizon.

[theaustinescorts]

1.The recession will NEVER end because of the trade deficit.

2.Despite this corporations are sitting on more cash than ever before, and their profits are healthy.

3.It won't hurt Obama because the rich are fat and happy and the unemployed don't vote.

WELCOME TO THE NEW AMERICA

[i'va biggen]

As long as you guys have hooker money all is well....

[JD Barleycorn]

The corporations, like many people, are sitting on their money because they don't know what is going to happen in the future. Aren't you saving more money, or trying to save, than ever before? I know that I am. Except I save in hundreds while they save in millions.

[CJ7]

key word is growth ..

slow is better than NO ..

and yet Gumby has no other plan for the economy except to follow Buhs's economic incompetence ..

howd that work out?

[JD Barleycorn]

3+% annual growth.

[SpeedRacerXXX]

Originally Posted by CuteOldGuy

Mitt said . . . Obama said . . . Minor details. Here's where the rubber meets the road. The economy has been a shamble for over 4 years, and not getting better. That is not good news for Obama.

http://wtop.com/628/2885164/US-econo...pct-rate-in-Q2

Not sure how you define "shambles".

DJIA when Obama took office: 9034
DJIA 3 months after Obama took office: 6626
DJIA today: 12986

Up 44% since Obama took office 3 1/2 years ago
Up 96% in last 3 1/4 years

S&P 500 when Obama took office: 931
S&P 500 3 months after Obama took office: 683
S&P 500 today: 1374

Up 48% since Obama took office 3 1/2 years ago
Up 101% in last 3 1/4 years

I won't disagree that there are sore points in the U.S. economy such as the unemployment rate which is not improving, but as someone asked in another thread:

"Are you better off financially today than you were 4 years ago?". My answer is a resounding "Yes". Obviously can't speak for everyone, but unless you are one of the unfortunate ones who lost your job and have been unable to find a new one, I'd enjoy hearing how you personally are worse off today than 4 years ago.

[CJ7]

Originally Posted by JD Barleycorn

3+% annual growth.

and a following recession that erased every thing in its path and is still having an effect on the country


least we mention Bush's economic growth rate was the slowest since WWII?

nah. lets not.

[CuteOldGuy]

Yeah. It's Bush's fault. I won't vote for Bush again.

[CJ7]

Originally Posted by CuteOldGuy

Yeah. It's Bush's fault. I won't vote for Bush again.

vote for Gumby, vote for Bush , again.


context fucks you up doesnt it?

[joe bloe]

Originally Posted by theaustinescorts

1.The recession will NEVER end because of the trade deficit.

2.Despite this corporations are sitting on more cash than ever before, and their profits are healthy.

3.It won't hurt Obama because the rich are fat and happy and the unemployed don't vote.

WELCOME TO THE NEW AMERICA

The unemployed do vote. Many of Obama's core constituents have never been employed and never will be employed, but they do vote. They always vote Democrat.

Rich people are eager to get rid of Obama, so they can go back to growing their businesses, the ones they built. Of course there is a ton of money on the side lines. Smart businessmen don't put their money at risk in a climate of uncertainty and over regulation.

We'll finally get a real recovery when Romney wins and the Republicans take back the Senate and keep their majority in the House.