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Message
US economy grew at 3.5 percent rate in Q3
Posted on 10/30/14 at 7:51 am
Posted on 10/30/14 at 7:51 am
Washington Post
quote:
WASHINGTON — The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.
The Commerce Department says that the third quarter result followed a 4.6 percent rebound in the second quarter. The economy shrank at a 2.1 percent rate in the first three months of the year due to a harsh winter.
The report was the first of three estimates of the gross domestic product, the economy’s total output of goods and services. Economists believe the economy is maintaining momentum in the current quarter with consumer spending expected to be helped by a big fall in gas prices.
19
Posted on 10/30/14 at 7:53 am to a want
Just in time for the election??
Posted on 10/30/14 at 7:54 am to a want
Damn, NHTIGER nailed it:
LINK
quote:
Speaking of the economy, tomorrow morning the BEA announces the preliminary estimate of 3rd Quarter GDP.
The Dems are hoping for an October surprise of about +6%. They will likely have to settle for about +3.5%, not enough to sway any votes.
LINK
Posted on 10/30/14 at 7:56 am to a want
Is this Bob Beckel's October surprise? 
FWIW Ebola is on the minds of Americans a lot more than GDP.
FWIW Ebola is on the minds of Americans a lot more than GDP.
Posted on 10/30/14 at 7:57 am to roygu
quote:
Just in time for the election??
I heard Obama called The Commerce Department and forced them to end the 3rd quarter at the end of September.
Posted on 10/30/14 at 8:01 am to a want
quote:
US economy grew at 3.5 percent rate in Q3
I am sure the GermX sales from the ebola fallout helped.
Posted on 10/30/14 at 8:05 am to WeeWee
Posted on 10/30/14 at 8:13 am to a want
quote:
and the biggest jump in military spending in five years.
You go Obombma you go. A true friend of the MIC like all the others.
Posted on 10/30/14 at 8:23 am to a want
I hope it's real and I hope it gets better.
Posted on 10/30/14 at 8:24 am to a want
Still not where we need it to be but we are getting closer.
Posted on 10/30/14 at 8:28 am to GumboPot
quote:
Is this Bob Beckel's October surprise?
Yeah, I've been waiting all month for his surprise. Of course we still have two days left. May be the surprise is no surprise.
Posted on 10/30/14 at 8:30 am to a want
quote:Look for the revision after the elections of a percent or 2 downwards.
The report was the first of three estimates
Posted on 10/30/14 at 8:31 am to Homesick Tiger
quote:Beckel's surprise is that he lives through October. The guy doesn't look healthy.
Is this Bob Beckel's October surprise
Posted on 10/30/14 at 8:32 am to a want
quote:
and the biggest jump in military spending in five years
wah wah wah waaaaaah
Posted on 10/30/14 at 8:37 am to goatmilker
quote:
Obombma
. . . . . . b o o m !
Posted on 10/30/14 at 8:38 am to a want
quote:So on average we have had a 2% growth with a large part of the growth in the 3rd quarter coming from a ramp up in military spending. Hardly a ringing endorsement for Obama and his economic policies.
The Commerce Department says that the third quarter result followed a 4.6 percent rebound in the second quarter. The economy shrank at a 2.1 percent rate in the first three months of the year due to a harsh winter.
Posted on 10/30/14 at 8:39 am to a want
quote:
the biggest jump in military spending in five years.
So Obama's answer to stimulate the economy is to shoot million dollar plus missiles at $15,000 Toyotas?
Whatever works I guess.
Posted on 10/30/14 at 8:39 am to La Place Mike
and we only had to wait 6 years
Posted on 10/30/14 at 8:42 am to GumboPot
quote:
FWIW Ebola is on the minds of Americans a lot more than GDP
Yep. Ebola and ISIS...and...OPEN BORDERS!
Will be interesting to see if Obama does and EO/Amnesty in the Lame Duck session...and lets tens of millions of Illegals in. Might be good to get all the Dems, Hillary, et al on the record, for '16.
Will furthermore be interesting to see if the economy continues to expand as the Republicans run Congress. Wonder how the MSM would deal with that!
Posted on 10/30/14 at 8:46 am to a want
Sweet, hope it continues.
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