Article

2003-11-25 Home Front

U.S. GDP Grows at 8.2 Percent Pace in 3Q

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Posted by Jarhead 2003-11-25 11:46:21 AM|| || Front Page|| [11131 views since 2007-05-07] Top

#1 That loud sound your hearing is the air coming out of the Democratic party. HA HA HA HA HA!

Posted by Cyber Sarge (VRWC CA Chapter) 2003-11-25 11:53:02 AM|| 2003-11-25 11:53:02 AM|| Front Page Top

#2 .16% of the revision was a smaller decrease in inventories than previously assumed. So our revision in true growth was only .84% better, not a full 1% ;)

Posted by Damn_Proud_American 2003-11-25 11:55:33 AM|| [http://brighterfuture.blogspot.com] 2003-11-25 11:55:33 AM|| Front Page Top

#3 Democrats, however, blame Bush for the loss of 2.3 million jobs since he took office in January 2001 and argue that the tax cuts contributed to the record 2003 budget deficit.

Of course the Dot-com burst has nothing to do with the job loss and the tax cut has nothing to do with the current GDP surge and econ. recovery (unless its a Donk president...).

Posted by CrazyFool 2003-11-25 12:16:43 PM|| 2003-11-25 12:16:43 PM|| Front Page Top

#4 hmmm, let's see. bursting of the dot-com bubble, stock market crash, bloated state budgets drunk from surpluses, 9-11, decimation of travel, tourism & airline industries, war in Afghanistan, war in Iraq...

two years later - 'the economy ROARED ahead'

I'd say that's pretty goddam impressive.

Posted by eyeyeye 2003-11-25 12:45:23 PM|| 2003-11-25 12:45:23 PM|| Front Page Top

#5 They've based their plans on bad things happening, they cheered every lost job and dead GI (rall, chomsky, krugman). Now they're being completely exposed and discredited on every front. As soon as things start looking up, they have nothing. That's what the DNC gets for handing the party over to leftist scum and radicals.

Posted by commo 2003-11-25 12:45:58 PM|| 2003-11-25 12:45:58 PM|| Front Page Top

#6 9/11 was a multi-billion dollar loss. We've had to make some drastic changes in the way we operate in this country (Homeland security et. al.), and we STILL have a significant rebound of the economy. Sounds good to me! Also sounds like the wailing and gnashing of teeth at the DNC will continue, and only increase in volume. The whine about 2.3 million jobs lost is an indirect jab at NAFTA and other trade agreements, when the real culprit is the imponderable weight of environmental and social regulation the Democratic Party has placed on the backs of business.

We're fighting a two-front war here: one against Islamofascist terrorists, and the other against the PC culture/envirofascist terrorists in our own country. We're doing pretty well against the first, but haven't even acknowledged the second as an enemy yet. THEY, rather than the Islamofascists, will probably be the ones that end up destroying this nation, and they'll do it from within.

Posted by Old Patriot 2003-11-25 12:50:14 PM|| [http://users.codenet.net/mweather/default.htm] 2003-11-25 12:50:14 PM|| Front Page Top

#7 Maybe the tax cuts had some affect on people putting money back into circulation in direct contrast to Dick Gephardt's recent comments....

Posted by Jarhead 2003-11-25 12:57:30 PM|| 2003-11-25 12:57:30 PM|| Front Page Top

#8 I wouldn't get too excited just yet, if you pump enough electricity into a corpse you'll get a pulse too.

When employment recovers I'll be more impressed.

Even then, this reminds too much of the '72 election. Yeah, Nixon bought his election, for all the good it did him.

Posted by Hiryu 2003-11-25 4:47:18 PM|| 2003-11-25 4:47:18 PM|| Front Page Top

#9 but employment is recovering. 300K jobs have been recently added

The following are Steve Antlers points (econopundit). So far, he has been dead on.

-- The payroll survey shows 126,000 payroll jobs were added in October. We also learned today that payroll jobs have actually increased three months in a row. In today's report, the payroll survey was revised from a decrease in jobs to an increase in jobs for September (now +125,000) and August (now +35,000).

-- The unemployment rate dropped from 6.1% to 6.0%.

-- The household survey reported 441,000 jobs were added in October (the unemployment rate is based on the household survey).

-- According to the household survey, total employment is now at the highest level in U.S. history. Surpassing the high set in January 2001, right before the recession, total employment is now 138.014 million jobs.

-- The service sector added 143,000 payroll jobs, led by the health sector. Manufacturing lost 24,000, continuing a multi-year downward trend. This is essentially the only bad news in October employment report.

-- The disparity between the payroll and household employment surveys broadened in today's report. While the payroll survey reports a decline of roughly 750,000 payroll jobs since the end of the recession in November 2001, the household survey still reports nearly one and a half million newly employed workers since then.

Hiryu (the floating dragon), Give that meme titled "jobless recovery" a rest. It's done

Posted by capt joe 2003-11-25 5:05:55 PM|| 2003-11-25 5:05:55 PM|| Front Page Top

#10 employment is always going to lag behind the other numbers. The jobs are coming. Look for good jobs numbers beginning of the year.

Posted by Swiggles 2003-11-25 5:08:21 PM|| 2003-11-25 5:08:21 PM|| Front Page Top

#11 Why do marxists think they're such experts on a market economy?

Posted by commo 2003-11-25 6:54:44 PM|| 2003-11-25 6:54:44 PM|| Front Page Top

#12 Why do marxists think they're such experts on a market economy?

Now that... was cold.

Posted by Shipman 2003-11-25 7:09:03 PM|| 2003-11-25 7:09:03 PM|| Front Page Top

#13 Economic questions that this thread triggers for me :

A. When investment money flows out of a company like AOL into a company like Grainger isn't that better for the economy?
B. With the economy on fire, won't we be able to afford new entitlements like this perscription drug thing, but isn't that what California thought about their growth of entitlements when things were good?
C. If the tax rate goes down, won't some duel income families become single income families again boosting charities in need of volunteer workers?

Posted by Super Hose 2003-11-25 8:14:26 PM|| 2003-11-25 8:14:26 PM|| Front Page Top

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