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More encouraging economic news

Post on October 26, 2012 by 7 Comments »

There’s still more news this morning that the national economy is finally starting to pick up steam. CBS News reports:

“The U.S. economy expanded at a slightly faster 2 percent annual rate from July through September, buoyed by an uptick in consumer spending and a burst of government spending.

Growth improved from the 1.3 percent rate in the April-June quarter, the Commerce Department said Friday.”

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Comments (Closed):7

  1. Alex
    October 27, 2012 at 8:59 am

    Great news Rob….. 1.7% growth for the entire year ! That’s what I call a real recovery. iI’s time to take off the Obama glasses , and take a look at what’s really going on ! Our debt is growing faster than the GDP.

  2. gregflynn
    October 27, 2012 at 5:09 pm

    Just before Obama took office the GDP growth rate was -8.9% under Bush.

  3. Frank Burns
    October 28, 2012 at 4:01 pm

    That is irrelevant. We elected the new guy who performed poorly. How the previous guy performed at the end of his second term, does not excuse the performance of Obama. He failed and he is therefore fired due to poor performance, no hard feelings though.

  4. Alex
    October 28, 2012 at 7:56 pm

    If Obama was a CEO, he would have been fired long ago. Companies do not look at how prior CEO’s performed, and neither should the country because it is irrelevant. We are way beyond “hope and change.”

  5. david esmay
    October 29, 2012 at 8:59 am

    That’s pure b.s. Alex, one only has to look at someone like Bob Nardelli, GE exec,former CEO of Chrysler and Home Depot, one of the worst CEO’s of all time, but never without job offers. Performance as a CEO apparently is irrelevant, just look at Mike Duke-WalMart, Ed Lampert-Sears, Carly Fiorina HP(now Myth Robme mouth piece), and let’s not forget republican assholes Ed Liddy and Robert Benmosche at AIG. Your views, along with Frank’s, are baseless drivel, it’s too bad for you guys that history and facts have a liberal bias. President Obama’s performance has been outstanding considering the opposition and obstruction he faced while saving the country from the last Republican disaster.

  6. Frank Burns
    October 29, 2012 at 9:41 am

    David, Obama’s loss will truly be “historic”.

  7. david esmay
    October 29, 2012 at 3:36 pm

    Keep deluding yourself Frank, it’s only way you and the bagger nation will avoid cranial implosion next Tuesday.