GDP UP

[unionman]

The U.S. economy grew at 5.7% annual rate in the fourth quarter of 2009 -- fastest pace of increase in more than six years.

[1989]

The U.S. economy grew at 5.7% annual rate in the fourth quarter of 2009 -- fastest pace of increase in more than six years.

But it isn't a "real" number...If it were a real number the dow would be up 400-500 points. We may not even hold the modest gains we have.

[unionman]

But it isn't a "real" number...If it were a real number the dow would be up 400-500 points. We may not even hold the modest gains we have.

That is a huge number that you can not argue with.

[1989]

That is a huge number that you can not argue with.

Look at what is behind the number and why were there no jobs added with that number?

[brett636]

That is a huge number that you can not argue with.

As usual that number will prove to be higher than the true growth of the economy. I give it 2 weeks max and there will be another article stuffed deep in the lame stream media about how the economy grew much slower than originally reported. Will you come back on this thread and post that article for us too unionman? Honestly, how can we have a net loss of jobs in the quarter and have economic growth that high? I smell a fish.

[unionman]

As usual that number will prove to be higher than the true growth of the economy. I give it 2 weeks max and there will be another article stuffed deep in the lame stream media about how the economy grew much slower than originally reported. Will you come back on this thread and post that article for us too unionman? Honestly, how can we have a net loss of jobs in the quarter and have economic growth that high? I smell a fish.

Come on Brett, why be so doom and gloom? Obviously every company in the U.S.A was restocking there shelves after not buying anything for 12 months but you have to admit this is a very good sign for the economy going forward.

[brett636]

Come on Brett, why be so doom and gloom? Obviously every company in the U.S.A was restocking there shelves after not buying anything for 12 months but you have to admit this is a very good sign for the economy going forward.

Its not doom and gloom, its recognizing the pattern that has taken place over the last year. The last quarter to report growth Obama was all about how the economy grew by something like 3%, but a couple weeks later those numbers were revised to less than one percent, oh yea, and we still lost jobs. The only hope this country has is a massacre of the democrat majorities in Congress this November in order to halt zero's major policy initiatives. Then I will be more positive about the future of this country and economy.

[unionman]

Its not doom and gloom, its recognizing the pattern that has taken place over the last year. The last quarter to report growth Obama was all about how the economy grew by something like 3%, but a couple weeks later those numbers were revised to less than one percent, oh yea, and we still lost jobs. The only hope this country has is a massacre of the democrat majorities in Congress this November in order to halt zero's major policy initiatives. Then I will be more positive about the future of this country and economy.

Where do you get such hatred?

[unionman]

Federal spending on stimulus does not show up on any one line of the GDP report. In fact, government spending contributed nothing to growth by itself. But Sohn said it is clear that tax cuts and spending by businesses that received stimulus dollars helped to feed growth in the third and fourth quarters.

[brett636]

Federal spending on stimulus does not show up on any one line of the GDP report. In fact, government spending contributed nothing to growth by itself. But Sohn said it is clear that tax cuts and spending by businesses that received stimulus dollars helped to feed growth in the third and fourth quarters.

Government spending through debt that our kids and grandkids get to payback with interest. That makes me feel all warm and fuzzy inside.

[moreluck]

OH no he didn't.........You can't blame the gloom & doom on Bush and then turn around and credit a good report to Obama. Waffle waffle. Make up your mind which it is and stick with it.

[unionman]

OH no he didn't.........You can't blame the gloom & doom on Bush and then turn around and credit a good report to Obama. Waffle waffle. Make up your mind which it is and stick with it.

It is what it is.

[unionman]

Government spending through debt that our kids and grandkids get to payback with interest. That makes me feel all warm and fuzzy inside.

I'm not jumping on that stupid Tea party lie. That is for stupid people that just love the Republican lie. Bush is the real reason this country is 12 trillion in debt and you can't say its Obama. I will say the Democrats had the majority in congress for the last 5 years and they are just as much to blame but to say that stimulus is bad for our country is just stupid. It has to be done and then we can start to tackle the debt.

[brett636]

I'm not jumping on that stupid Tea party lie. That is for stupid people that just love the Republican lie. Bush is the real reason this country is 12 trillion in debt and you can't say its Obama. I will say the Democrats had the majority in congress for the last 5 years and they are just as much to blame but to say that stimulus is bad for our country is just stupid. It has to be done and then we can start to tackle the debt.

There is no lie there, its only the truth. When you borrow money that money has to eventually get paid back. I have a number of credit cards with $0 balances, and I try my best to live beneath my means. I can exhaust my savings, max my credit cards, and have a lot nicer stuff but that money I borrowed has to be paid back with interest. The same goes for our government only they've never had a savings and are constantly begging their lenders to increase their borrowing power at an ever increasing rate. It was wrong under Bush, and its accellerated under Obama. Instead of deficits in the couple hundred billion range(which I found unacceptable) they are now in the trillion dollar range(way more unacceptable). Like the fool that you are you believe this is perfectly ok and everythign will be alright. This cannot continue, everything that goes up must come down. If our debt isnt reigned in this country will not be such a great nation in the future as it was in the past two centuries. The scary thing about this is I truly believe that is goal of the liberals running this country.

[unionman]

Let me ask you a question. Why do you think the terrorists hit are world trade center buildings? They are waging a war that will kill this country's financial systems. We fell right into it. How much is the two wars costing this country? Greed will destroy this country faster than any terrorist.