The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. It's the strongest signal yet that the economy has entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has ended.
Going forward, many analysts expect the pace of the budding recovery to be plodding due to rising unemployment and continuing difficulties by both consumers and businesses to secure loans.
Great because now when it goes back down, Prez Doofus will get all the credit.
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Good news, of course -- but we ALL know how meaningless this would be if a Republican were President.
Sorry that the truth hurts.Your partisan hackery is of no use to this conversation....
Normally I would agree with that, but not in this case. IMO, the policies Prez Doofus is putting in place will significantly affect the USA economy.In reality, the Pres has nothing to do with the performance of the economy. It's cyclical.
Sorry that the truth hurts.
Upward Trend.... now that is funny. :roflYour opinion is not the issue, but the fact that you attempt to equate it to truth is a clear signal of desperation.
Now would you like to further discuss the various aspects of the upward trend in our macro economy?
If credit and employment don't come back we are screwed.
Upward Trend.... now that is funny. :rofl
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i don't think that's the gist of the article. recovery is fragile and dependent upon many factors, unemployment being one. we're a long way from robust.I don't consider it to be meaningful . . . It took them over a year before they decided we were IN a recession so it makes no sense to see an up-tick and dedice that it automatically means we're out.
I don't consider us out of the water until most people who lost their jobs in part because of the downturn in the economy are fully and gainfully employed again. (Of course, employment and unemployment is not really a factor in deciding the degree of a recession)
This current uptick simply proves that we've stabilized without those very people being employed ... it's not an accurate assessment.
I offered no statement of opinion.Your opinion is not the issue...
Normally I would agree with that, but not in this case. IMO, the policies Prez Doofus is putting in place will significantly affect the USA economy.
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Normally I would agree with that, but not in this case. IMO, the policies Prez Doofus is putting in place will significantly affect the USA economy.
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I offered no statement of opinion.
News of this sort was rampant in 2002-2003-2004; none of it meant a thing to those afflicted with BDS, all of whom were more than happy to poiint to any number of other items to illustrate that the economy was not getting better -- indeed, at times, that it was getting worse.
To deny this is to illustrate a clear and acute disconnect with reality.
An end to the recession imho until such time as the unemployment rates drop to reasonable levels.
As I said:And to keep rambling on about your particular perception, based on the news, states you have nothing but hackery to contribute.
Nah, but I am looking forward to hearing all about this upward trend of which you speak. :roflCare to explain?
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