Economy grows at 1.7% in April-June quarter, AP sugar coats it | TigerDroppings.com
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Quentin Compson
LSU Fan
Member since Jun 2013
3117 posts

Economy grows at 1.7% in April-June quarter, AP sugar coats it

quote:

U.S. economic growth accelerated in the April-June quarter to a seasonally adjusted annual rate of 1.7 percent, as businesses spent more and the federal government cut less.

The Commerce Department says growth improved from a sluggish 1.1 percent rate in the January-March quarter, which was revised from an initial 1.8 percent rate. The pickup in growth was surprising as most economists predicted a far weaker second quarter.

Consumers increased their spending more slowly in the second quarter. And a surge in imports reduced growth by the most in three years. But the federal government cut spending only 1.5 percent. And state and local governments increased spending for the first time in a year.

Economists are hopeful that growth could improve to around 2.5 percent in the third and fourth quarters.


Remember when growth below 2% would be disastrous to any sitting president? This man is truly the teflon president.

And I like how AP does not think it is a big deal that growth was revised downward from 1.8 to 1.1%.

more pathetic growth


TJG210
LSU Fan
New Orleans
Member since Aug 2006
22932 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
Suprised? This moron has had at least 3 major scandals and the media had given little attention to that.
The economy has never gotten right and those arse holes have just swept it under the rug.


Stingray
LSU Fan
Shreveport
Member since Sep 2007
5362 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
imo, the economy is broken

just limping around on loans

just trying to post pone the crash


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Jake88
George Mason Fan
LSU/Saints Fan
Member since Apr 2005
11099 posts
Online

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
Hooray! We're France!


quote:

This moron has had at least 3 major scandals


But, but, Bush fired some attorneys and someone in his admin outed a CIA agent who outed herself at every D.C. cocktail party and made the cover of Vanity Fair in sunglasses to hide her identity.
This post was edited on 7/31 at 7:00 pm


constant cough
LSU Fan
Lafayette
Member since Jun 2007
40927 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
Recovery Summer 5.1!


Forward Hooooooo!




udtiger
LSU Fan
Louisiana
Member since Nov 2006
28505 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
I wonder how much of that 1.7% (which will likely be revised downward anyway) is the result of the almost $600 billion of value added to the GDP because Commerce has "modified" how the number is calculated?


CptBengal
USA Fan
BR Baby
Member since Dec 2007
42742 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
quote:

I wonder how much of that 1.7% (which will likely be revised downward anyway)



this is the new plan.

If the new number is lower than the old number...revise old number down, Obama is Awesome!


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mtntiger
LSU Fan
Asheville, NC
Member since Oct 2003
9501 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
quote:

U.S. economic growth accelerated in the April-June quarter


Accelerated? Kind of like how an old guy using a walker 'accelerates' down the aisle of the cafetera in the old folks home to get to that second bowl of vanilla pudding.

Woo hoo!!!!!! We're moving now!!!!


Wild Thang
USA Fan
10-7 Superbowl!!!!!
Member since Jun 2009
24296 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
Another Summer of recovery!!!



























Revised to no recovery in Winter.


Interception
Providence Fan
Member since Nov 2008
11089 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
Like Weiner this economy is shriveling


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crawdaddy52
Vanderbilt Fan
Member since Dec 2010
898 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
quote:

This moron has had at least 3 major scandals


I believe the correct Tea Party spelling is "moran". And those "major" scandals were because you or FOX news said so. You still don't give a fu...k about the 61 people who were killed in embassies in the previous administration. I know "blame it on Bush" but you're the one who brought up the outing. Were you at the cocktail parties? All we know for sure is she was outed by someone in the administration. Can't imagine what you would do with a real scandal like that.


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7230 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
quote:

I believe the correct Tea Party spelling is "moran". And those "major" scandals were because you or FOX news said so. You still don't give a fu...k about the 61 people who were killed in embassies in the previous administration. I know "blame it on Bush" but you're the one who brought up the outing. Were you at the cocktail parties? All we know for sure is she was outed by someone in the administration. Can't imagine what you would do with a real scandal like that.




Pseudo intellectuals are spinning like crazy.


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Godfather1
Army Fan
SE Louisiana
Member since Oct 2006
34122 posts
Online

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
quote:

I believe the correct Tea Party spelling is "moran". And those "major" scandals were because you or FOX news said so. You still don't give a fu...k about the 61 people who were killed in embassies in the previous administration. I know "blame it on Bush" but you're the one who brought up the outing. Were you at the cocktail parties? All we know for sure is she was outed by someone in the administration. Can't imagine what you would do with a real scandal like that.


When all else fails, deflect.

You've got the party line strategy down pat, I'll give you that.


tigerfoot
LA-Monroe Fan
Alexandria
Member since Sep 2006
20058 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
quote:

The pickup in growth was surprising as most economists predicted a far weaker second quarter.


Good.

At least now the minimum wage job holders will have their selection of better jobs in the thriving economy, and we can leave the minimum wage alone so it can be used for entry level and seasonal work.


ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
ummm we just changed the way we report GDP.....typical of this administration, we make things into what we want them to be.

The rich are richer, but if you think the economy is better and the average american is richer than ever you are silly, the only people doing well today are people with real estate and stocks bc those have soared......o that also happens to be stuff rich people own.

Im rich so im with the asset inflation.


dante
LSU Fan
Kingwood, TX
Member since Mar 2006
9571 posts
Online

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
Remember the good ole days when Pelosi told Bush that adding 200,000 thousand jobs a month would not cut it. This CURRENT administration has added 0 net jobs in 5 years. Go Team!


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NHTIGER
LSU Fan
Central New Hampshire
Member since Nov 2003
11441 posts

re: Economy grows at 1.7% in April-June quarter, AP sugar coats it
quote:

ummm we just changed the way we report GDP.....typical of this administration, we make things into what we want them to be.



The change in NIPA's was planned well in advance - 14th time since 1929, done about every 5 or 6 years. It actually caused the 1st quarter's GDP, which had been finalized at 1.8%, to go down to 1.1%. It can have an effect in either direction.


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