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Meanwhile, 2014 1st Quarter GDP 0.1%

Posted on 4/30/14 at 9:40 am
Posted by GumboPot
Member since Mar 2009
118853 posts
Posted on 4/30/14 at 9:40 am
If only those darn Republicans would allow Obama to implement his economic programs.


LINK
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73446 posts
Posted on 4/30/14 at 9:47 am to
Woohoo expect another summer of recovery from the Obama Admin.
Posted by UncleFestersLegs
Member since Nov 2010
10837 posts
Posted on 4/30/14 at 9:50 am to
Healthcare services added 1.1%. If not for mandated spending for Obamacare, GDP would negative
Posted by GumboPot
Member since Mar 2009
118853 posts
Posted on 4/30/14 at 9:50 am to
Do people realize that 0.1% is essentially NO growth. After its last revision I fully expect 1Q14 GDP to be negative. And if 2Q14 falls negative, can Obama say "recession"?
This post was edited on 4/30/14 at 9:56 am
Posted by Mo Jeaux
Member since Aug 2008
58824 posts
Posted on 4/30/14 at 9:51 am to
Green shoots!
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98878 posts
Posted on 4/30/14 at 9:52 am to


Just wait until the revision!
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73446 posts
Posted on 4/30/14 at 9:57 am to
quote:

Do people realize that 0.1% is essentially NO growth.
Yes
quote:

After its last revision I fully expect 1Q14 GDP to be negative. And if 2Q14 falls negative, can Obama say "recession"?
Republicans fault.
Posted by UncleFestersLegs
Member since Nov 2010
10837 posts
Posted on 4/30/14 at 10:01 am to
Luckily the Ministry of Truth changed the way they calculate GDP last summer so we get to experience this wonderful growth
Posted by GumboPot
Member since Mar 2009
118853 posts
Posted on 4/30/14 at 10:02 am to
quote:

Luckily the Ministry of Truth changed the way they calculate GDP last summer so we get to experience this wonderful growth


Wait, I vaguely remember this now.

<---goes to google.
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73446 posts
Posted on 4/30/14 at 10:02 am to
quote:

Ministry of Truth and Transparency
FIFY
Posted by Radiojones
The Twilight Zone
Member since Feb 2007
10728 posts
Posted on 4/30/14 at 10:06 am to
quote:

2014 1st Quarter GDP 0.1%



This is terrible news. It's so frustrating to watch our economy suffer because the cure is so obvious.
Posted by Taxing Authority
Houston
Member since Feb 2010
57296 posts
Posted on 4/30/14 at 10:06 am to
Looks like the stimulus package is finally kicking in!
Posted by Lsut81
Member since Jun 2005
80161 posts
Posted on 4/30/14 at 10:08 am to
But the stock market is at all time highs


Nevermind the underlying, core info...

GDP
Unemployment
Work Force Participation
FT/PT
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 4/30/14 at 10:08 am to
This is why I say if you are unemployed or underemployed and voted for Obama the last two elections(especially the last one), then I laugh at you. You fricking DESERVE your situation and I only hope it gets worse for you.

The only thing that bothers me is that you had to take others with you in your stupidity.
Posted by GumboPot
Member since Mar 2009
118853 posts
Posted on 4/30/14 at 10:08 am to
quote:

<---goes to google.


By my standards, that was quick:

quote:

BEA will begin including the amount of money businesses invest in the production of such intellectual property as part of gross domestic product (GDP)


So business investment is included in the GDP number now...

That means double accounting.

For example, company A spends $1,000,000 on a piece of investment capital from company B on a proposed product that has NOT sold on the market yet.

The BEA now counts $1,000,000 spent by company A and $1,00,000 sold by company B = $2,000,000 GDP.

ETA: LINK
This post was edited on 4/30/14 at 10:11 am
Posted by Choctaw
Pumpin' Sunshine
Member since Jul 2007
77774 posts
Posted on 4/30/14 at 10:22 am to
quote:

For example, company A spends $1,000,000 on a piece of investment capital from company B on a proposed product that has NOT sold on the market yet.


and i'm still waiting on my hoverboard
Posted by Ghostfacedistiller
BR
Member since Jun 2008
17500 posts
Posted on 4/30/14 at 10:22 am to
Who cares? Some rich guy said something deemed racist by the mass media in a secret recording.
Posted by GumboPot
Member since Mar 2009
118853 posts
Posted on 4/30/14 at 10:25 am to
quote:

i'm still waiting on my hoverboard


Please post when you get yours because I've been waiting since the '80s for this technology.
This post was edited on 4/30/14 at 10:26 am
Posted by Holden Caulfield
Hanging with J.D.
Member since May 2008
8308 posts
Posted on 4/30/14 at 10:32 am to
42% of Americans approve of Obama's handling of the economy.
Posted by davesdawgs
Georgia - Class of '75
Member since Oct 2008
20307 posts
Posted on 4/30/14 at 10:34 am to
quote:

Meanwhile, 2014 1st Quarter GDP 0.1%


This is solid growth by definition of the new norm established by liberal Democrats.
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