U.S. Economy Returned To Growth Last Quarter, Expanding 2.6%

[Liberal7360]

Contrary to the proclamations of the republicans, the economy grew in the third quarter.

The republicans have been screaming that we are in a recession and Biden is destroying the economy.

That's what republicans do. Democrats clean up the mess republicans create and leave behind but unlike what the republicans demand, cleaning up the economic mess another republican left behind takes time. I would think people would know this by now after going through Clinton and Obama cleaning up the mess republicans left before them. We all know that it takes time.

Covid has turned normal economic principles upside down. When supply chains are interrupted there is going to be problems and it's going to take time to clean up the mess.

The republicans are doing the same thing they did in the Clinton and Obama years, demanding things immediately turn around and when that doesn't happen, they attack saying the democrat is a failure. Then by the time that democrat is out of office, the economy is back on track with the mess being cleaned up.

Then a republican becomes president and destroys the whole thing all over again.

I keep asking when will Americans wake up. I'm still asking that question.

U.S. economy returned to growth last quarter, expanding 2.6%

The U.S. economy snapped two straight quarters of economic contraction and overcome punishingly high inflation and interest rates.

www.latimes.com

 

[CaughtInThe]

they don't care. it will be spun as something as bad as Satan eating babies.

 

[Razoo]

And every time the fake republicans are in power there is no growth because they are too busy killing the economy and jobs and public education and Social Security and Medicare and veterans benefits and women's right to choose and defunding law enforcement and defunding the IRS so they can't audit the
wealthy tax evaders etc etc etc

And they leave a ****ed up economy behind for the democrats to rehab = it's on record as in documented

 

[JMB802]

Conservatives are opening this thread and darting away.

 

[JMB802]

While this is great news, it's not likely to be appreciated by people who are currently struggling from the much higher prices for basics like food and gas.

 

[Blue Dog]

Campaign seasons are about the majority party promulgating any good news juxtaposed with the minority party not acknowledging any….

 

[dmpi]

So we're not technically in a 'recession', however the FED will keep raising rates at warp speed until inflation goes back to the 2% level. Talking about supply and demand, this will be a demand killer. You'll first see it in areas where people have to borrow. Like homes and autos. While Credit card rates climb up that's going to kill demand in consumer goods. The writing is already on the wall. It's impossible for us to get through this with about going into a full-blown recession. That is, unless the inflation numbers magically falls. But why should it? Our goverment just keeps on spending like nothings happening, consumers won't price shop they will keep on spending until they're flat out broke, and workers are empowered to demand even higher wages. It's all unsustainable. All I can say is get prepared, it's going to be a bumpy ride.

 

[Integrityrespec]

Contrary to the proclamations of the republicans, the economy grew in the third quarter.

The republicans have been screaming that we are in a recession and Biden is destroying the economy.

That's what republicans do. Democrats clean up the mess republicans create and leave behind but unlike what the republicans demand, cleaning up the economic mess another republican left behind takes time. I would think people would know this by now after going through Clinton and Obama cleaning up the mess republicans left before them. We all know that it takes time.

Covid has turned normal economic principles upside down. When supply chains are interrupted there is going to be problems and it's going to take time to clean up the mess.

The republicans are doing the same thing they did in the Clinton and Obama years, demanding things immediately turn around and when that doesn't happen, they attack saying the democrat is a failure. Then by the time that democrat is out of office, the economy is back on track with the mess being cleaned up.

Then a republican becomes president and destroys the whole thing all over again.

I keep asking when will Americans wake up. I'm still asking that question.

U.S. economy returned to growth last quarter, expanding 2.6%

The U.S. economy snapped two straight quarters of economic contraction and overcome punishingly high inflation and interest rates.

www.latimes.com

Facts first.
The uptick was mostly due to exportation. Little buying within the U.S. as imports were down again. Among the largest exports going out from the U.S..... Petroleum Products, yet Joe is standing in the way of this industry and have vowed to kill it.
We remain with a lower number of employed than prior to Joe Biden. More have left the work force than in recent decades. The claim of Biden to have reduced the deficit by over a trillion$$$$ is just him playing word and data games. He didn't reduce any spending, the Covid free money government hand outs just came to an end by legislation contained in the original bill. No more trillions being handed out, but Joe wants to give away more.

 

[Integrityrespec]

So we're not technically in a 'recession', however the FED will keep raising rates at warp speed until inflation goes back to the 2% level. Talking about supply and demand, this will be a demand killer. You'll first see it in areas where people have to borrow. Like homes and autos. While Credit card rates climb up that's going to kill demand in consumer goods. The writing is already on the wall. It's impossible for us to get through this with about going into a full-blown recession. That is, unless the inflation numbers magically falls. But why should it? Our goverment just keeps on spending like nothings happening, consumers won't price shop they will keep on spending until they're flat out broke, and workers are empowered to demand even higher wages. It's all unsustainable. All I can say is get prepared, it's going to be a bumpy ride.

The long standing trigger to being in a recession is two consecutive quarters of negative growth and we've already past that point. The democrats as usual just change the standard to fit their warped sense of "fairness".

 

[Jay59]

It's interesting to see a liberal admit we were in a recession for the first half of the year.

 

[Ivan Denisovich]

GDP growth rate, unemployment %, gas price, Dow Jones Industrial Average, S&P 500--American society follows these metrics like the prognostications of an ancient oracle. Many come close to worship of these economic indicators.

The vast majority of Americans should pay no heed to these values, because most Americans are healthy, relatively comfortable economically, and even those who are not--the impoverished, their particulars are not governed by these.

These indicators are primarily useful for economists and people who work in finance, a great myth has emerged in America that we are all economists and are all big time stock investors. We are not. This unhealthy focus on these numbers contributes to our lack of focus to what is actually important in our communities and our society.

 

[dmpi]

The long standing trigger to being in a recession is two consecutive quarters of negative growth and we've already past that point. The democrats as usual just change the standard to fit their warped sense of "fairness".

It is what it is. Democrats are so fixated on trying to pretend everything good, they forget that a lot of things need to be changed or fixed. The economy runs outside of politics. I use the stock market as my guide of how we're really doing.

 

[ModernDiogenes]

they don't care. it will be spun as something as bad as Satan eating babies.

Everything is spun. Nothing is on the level. That's the problem.

Corruption always exists, but we go though periods when it is worse than at other times. This is one of those times.

This isn't the first time we have experienced a series of advancements in technology that created a handful of really wealthy people who then used that money to illicitly purchase government and bend it to its will.

The last time it happened to this degree was the end of the 1800's into the first third of the 1900's [Tammany Hall or Teapot Dome ring a bell for anyone?], of had our media split into Left and Right and our electorate as well.

That Gilded Age ended in a major global economic crash and eventually a world war.

I'm betting that if we don't smarten up this ends the same way. Conduct the same stupid human tricks, win the same stupid human prizes.

 

[tshade]

Contrary to the proclamations of the republicans, the economy grew in the third quarter.

The republicans have been screaming that we are in a recession and Biden is destroying the economy.

That's what republicans do. Democrats clean up the mess republicans create and leave behind but unlike what the republicans demand, cleaning up the economic mess another republican left behind takes time. I would think people would know this by now after going through Clinton and Obama cleaning up the mess republicans left before them. We all know that it takes time.

Covid has turned normal economic principles upside down. When supply chains are interrupted there is going to be problems and it's going to take time to clean up the mess.

The republicans are doing the same thing they did in the Clinton and Obama years, demanding things immediately turn around and when that doesn't happen, they attack saying the democrat is a failure. Then by the time that democrat is out of office, the economy is back on track with the mess being cleaned up.

Then a republican becomes president and destroys the whole thing all over again.

I keep asking when will Americans wake up. I'm still asking that question.

U.S. economy returned to growth last quarter, expanding 2.6%

The U.S. economy snapped two straight quarters of economic contraction and overcome punishingly high inflation and interest rates.

www.latimes.com

What Trump destoyed in 4 years, Biden will fix in 4 years--------------if the voters give Dems the chance....

 

[ModernDiogenes]

What Trump destoyed in 4 years, Biden will fix in 4 years--------------if the voters give Dems the chance....

Democrats. Republicans. Democrats. Republicans. Duck. Rabbit.

You're being manipulated folks. It not Democrats or Republicans. It is Democrats AND Republicans. Each purchased by wealthy special interests who are laughing at you arguing because it allows them to do what they want behind the scenes while YOU, the occupied with your political arguments watchdogs of the system with the power of your vote, are nearly equally divided AGAINST YOURSELVES AND YOUR OWN BEST INTERESTS.

Please smell the rotting of the corruption of YOUR government and throw the decayed matter out of the Congress and state houses and replace it with fresh, uncorrupted, independent public servants acting in your best interests.

Just a thought I hope gets considered before we repeat the mess this ended in last time it got this bad.

 

[MrWonka]

Facts first.
The uptick was mostly due to exportation. Little buying within the U.S. as imports were down again.

Right, and the reason GDP was down the previous two quarters was due to higher imports and lower exports. You didn't care about that, you just wanted to scream recession.
We have added jobs every single solitary month of this year. GDP is now trending up. There is no recession, and there never was. Doubtful we'll hit one next year either.

We remain with a lower number of employed than prior to Joe Biden.

Blatantly false.

More have left the work force than in recent decades.

Baby Boomers are retiring dude.

The claim of Biden to have reduced the deficit by over a trillion$$$$ is just him playing word and data games. He didn't reduce any spending,

A deficit isn't caused by spending. It's caused by spending more than you bring in. Biden reduced the deficit because we're bringing more in. That tends to happen when you add jobs every month, and the economy is growing.

the Covid free money government hand outs just came to an end by legislation contained in the original bill.

Biden passed one of those bills. Trump signed 3. Biden hasn't signed another in over a year.

 

[JMB802]

So we're not technically in a 'recession', however the FED will keep raising rates at warp speed until inflation goes back to the 2% level. Talking about supply and demand, this will be a demand killer. You'll first see it in areas where people have to borrow. Like homes and autos. While Credit card rates climb up that's going to kill demand in consumer goods. The writing is already on the wall. It's impossible for us to get through this with about going into a full-blown recession. That is, unless the inflation numbers magically falls. But why should it? Our goverment just keeps on spending like nothings happening, consumers won't price shop they will keep on spending until they're flat out broke, and workers are empowered to demand even higher wages. It's all unsustainable. All I can say is get prepared, it's going to be a bumpy ride.

The economy expanding is bad AND the economy retracting is bad?

 

[MrWonka]

I use the stock market as my guide of how we're really doing.

That is by far the worst way to rate the economy of all the ways available, and it just proves why you people constantly **** up our economy. You don't even know the basics.

Bust since you love the stock market. Guess which two presidents had the overall best stock market performances during their presidencies over the last 60 years?
Answer: Bill Clinton and Barack Obama. Both Democrats.

When it's all said and done the Stock Market is going to take back off under Joe as well. Basically the instance there is a resolution to the war in Ukraine you're going to see stocks go crazy.

 

[dmpi]

The economy expanding is bad AND the economy retracting is bad?

The economy is complex & multi-faceted. You can't just resolve it into just one number like GDP and then declare good or bad. Also be aware of past and future. I care more about the future than the past. The past is used to predict the future. That's not a straight forward task, it's both subjective and objective.

 

[JMB802]

The economy is complex & multi-faceted. You can't just resolve it into just one number like GDP and then declare good or bad. Also be aware of past and future. I care more about the future than the past. The past is used to predict the future. That's not a straight forward task, it's both subjective and objective.

I understand that. Still, it is possible to look at each individual element of the economy and decide if the trend is good or bad for the economy as a whole. So, again, IYO is it generally better news for the economy to be growing or better news if it is retracting?

 

[tres borrachos]

Contrary to the proclamations of the republicans, the economy grew in the third quarter.

The republicans have been screaming that we are in a recession and Biden is destroying the economy.

That's what republicans do. Democrats clean up the mess republicans create and leave behind but unlike what the republicans demand, cleaning up the economic mess another republican left behind takes time. I would think people would know this by now after going through Clinton and Obama cleaning up the mess republicans left before them. We all know that it takes time.

Covid has turned normal economic principles upside down. When supply chains are interrupted there is going to be problems and it's going to take time to clean up the mess.

The republicans are doing the same thing they did in the Clinton and Obama years, demanding things immediately turn around and when that doesn't happen, they attack saying the democrat is a failure. Then by the time that democrat is out of office, the economy is back on track with the mess being cleaned up.

Then a republican becomes president and destroys the whole thing all over again.

I keep asking when will Americans wake up. I'm still asking that question.

U.S. economy returned to growth last quarter, expanding 2.6%

The U.S. economy snapped two straight quarters of economic contraction and overcome punishingly high inflation and interest rates.

www.latimes.com

Good news on a Thursday morning.

 

[dmpi]

That is by far the worst way to rate the economy of all the ways available, and it just proves why you people constantly **** up our economy. You don't even know the basics.

Bust since you love the stock market. Guess which two presidents had the overall best stock market performances during their presidencies over the last 60 years?
Answer: Bill Clinton and Barack Obama. Both Democrats.

When it's all said and done the Stock Market is going to take back off under Joe as well. Basically the instance there is a resolution to the war in Ukraine you're going to see stocks go crazy.

The stock market will force you to think outside of the subjective world of politics and dive into the complexities of the how the economy really works. That along with a backdrop of a ever changing geopolitical world. As a investor you're reward by your good decisions and penalized by bad ones. You're forced to keep on top of things. As far as good and bad presidents. It don't matter all that much. What matters is the economic policy in place at that time. What's good policy at one time may not be appropriate for another time.

 

[Kushinator]

Facts first.
The uptick was mostly due to exportation.

Exportation?

Little buying within the U.S. as imports were down again.

Annualized real personal consumption expenditures (2012 dollars) were about $5.2 trillion. Little buying though amirite?

Among the largest exports going out from the U.S..... Petroleum Products, yet Joe is standing in the way of this industry and have vowed to kill it.

More hack nonsense. Natural gas production is close to an all-time high (December 2021), while crude oil production continue to climb at 11.8 million barrels per day.

We remain with a lower number of employed than prior to Joe Biden.

This is a lie.

He didn't reduce any spending, the Covid free money government hand outs just came to an end by legislation contained in the original bill. No more trillions being handed out, but Joe wants to give away more.

Revenue growth has been unprecedented.

Do you want to put forth any other bullshit narrative to be destroyed?

 

[dmpi]

I understand that. Still, it is possible to look at each individual element of the economy and decide if the trend is good or bad for the economy as a whole. So, again, IYO is it generally better news for the economy to be growing or better news if it is retracting?

It's better to be growing except were in situation that needs caution. If growth fuels further inflation then we're going to be hurting even more in future. The best case scenario is if the inflation numbers magically start to shrink.

 

[Kushinator]

The long standing trigger to being in a recession is two consecutive quarters of negative growth and we've already past that point. The democrats as usual just change the standard to fit their warped sense of "fairness".

Your long standard has come to an end. When the U.S. economy booms at a historic pace, we can expect some volatility as we transition into a post-pandemic economy.

The standard has been established by the NBER, but your partisanship blinds you to reality.