Third Quarter GDP Shows Growth - 3.5%, Best Pace In 2 Years »
Posted By TimALoftis 3 months, 2 weeks ago in Business & FinanceWASHINGTON - The U.S. economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building rebounded, data showed on Thursday, unofficially ending the worst recession in 70 years.
The Commerce Department, in its first estimate of third-quarter gross domestic product, said the economy grew at a 3.5 percent annual rate, the fastest pace since the third quarter of 2007, after contracting 0.7 percent in the April-June period.
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pokydoke3 months, 1 week ago
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We need to get China to stop artificially holding down the value of their currency and we need to start rebuilding our manufacturing base which was devastated during the Regan administration followed by years of neglect by both parties.
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Will13133 months, 1 week ago
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the economy is growing . because the government is spending money. lots of money. when it drys up. and it will .. look out below..
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Bush's economy built on borrowed money. YOURS and GOVERNMENT. this built on money printed. nothing more.
Clinton. built on spending but your spending from the dot com bubble..
none of these can last long.
think last fall hard. well you aint seen nothing yet. IMHO -
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Gary717Comment removed: Spam
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Wolfie20073 months, 1 week ago
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This is nothing but creative number manipulation to have a real increase there has to be more that government spending and that spending is consumer spending. There has been no increase in consumer spending there has been a decrease in consumer spending. So little useful idiots you've been snookered again. Didn't any of you guys take economics in college, high school or community organizing school, maybe?
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Gary7173 months, 1 week ago
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Why Was my comment removed I just put "Good story" after reading the story.
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I will make my comment more then two word then.
According to the chart last quarter was up 3.5 percent, but the four quarters before all in the minus.
over the next few quarters we will have a better picture of how the economy is doing. -
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ADAGUY3 months, 1 week ago
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People have to realize that when the economy is this far in the tanks, it doesn't take much to make it look better. I don't think that what recovery we've seen is due to printing money, but this will increase inflation.
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And I certainly don't think the bumpy ride is over. -
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