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03 29, 24, 05:58:30:AM

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Biden Does NOT need a BILL to close the border
He only needs a PEN. Thats all he needed to open it.
Thats all he needed to close it. Thats all Trump needed.
Maybe this is just Proof Trump is better than Biden.

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 |  All Boards  |  Current Events  |  Topic: US economic growth in 2014 fastest since 2010 0 Members and 1 Guest are viewing this topic.
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Author Topic: US economic growth in 2014 fastest since 2010  (Read 228 times)
1965hawks
Sr. Member

Posts: 26544


« on: 01 31, 15, 04:48:35:PM » Reply

"The US economy had its best year since 2010 last year, outpacing all of the other major developed countries as consumer confidence picked up, helped by sinking oil prices."

http://www.rawstory.com/rs/2015/01/us-economic-growth-in-2014-fastest-since-2010/
littleeye
Honored Member

Posts: 5745


« Reply #1 on: 01 31, 15, 05:22:59:PM » Reply

http://www.bls.gov/news.release/empsit.t15.htm

Yes, 11.2 percent of the workers in this country who are unemployed no longer believe the economy of Comrade Obama is healthy. This amounts to about 16 million human beings. I think this number is higher if you include those who work two or three part-time jobs and have no prospect of ever finding one full-time job.
jst-the-fax
Evil does not exist within a gun. It exists in the minds and hearts of those who pull the trigger for evil purposes.---Laus Deo
Contributor
Sr. Member

Posts: 33442

http://purebredcatrescue.org/


« Reply #2 on: 01 31, 15, 05:49:06:PM » Reply

Littleeye,
You forgot mentioning 2 million more foreign born workers were hired than American workers...guess that explains the larbor participation rate being at record low?  I wonder if Ms hawk will thank dictator obama for those two economic pieces of data?
jst-the-fax
Evil does not exist within a gun. It exists in the minds and hearts of those who pull the trigger for evil purposes.---Laus Deo
Contributor
Sr. Member

Posts: 33442

http://purebredcatrescue.org/


« Reply #3 on: 01 31, 15, 06:07:25:PM » Reply

Littleeye,
Forgot adding this website regarding dictator obama's incredible National Debt increase

http://blogs.wsj.com/economics/2015/01/20/obama-may-highlight-shrinking-budget-deficits-but-they-mask-mounting-debt/
D2D
Republicans believe every day is the fourth of July! Democrats believe every day is April 15!
Sr. Member

Posts: I am a geek!!

#SayHisName Cannon Hinnant


« Reply #4 on: 01 31, 15, 09:15:17:PM » Reply

That economic growth is at the point of a gun via Obamacare!

People are being forced to spend money on useless insurance they cannot afford or afford to use!
jst-the-fax
Evil does not exist within a gun. It exists in the minds and hearts of those who pull the trigger for evil purposes.---Laus Deo
Contributor
Sr. Member

Posts: 33442

http://purebredcatrescue.org/


« Reply #5 on: 01 31, 15, 10:57:33:PM » Reply

Good point...any insurance with an average $12,000 family deductable...is as you say...worthless
chuck_curtis
Contributor
Sr. Member

Posts: 68575

Let's go Brandon!


« Reply #6 on: 01 31, 15, 11:27:13:PM » Reply

It's a good thing you posted that, because the shrinking middle class and most of the rest of the world is feeling mighty down.  Except they're still wondering why they still can't afford the chit they used to.  But, hey, thanks for trying.
John Adams
Before a free people can be oppressed they must first be idealogically disarmed....
Sr. Member

Posts: 43255

Repeal the 17th Amendment, No direct elections


« Reply #7 on: 02 01, 15, 05:36:30:AM » Reply

Ever wonder why the cholashiteatinghawkchola posts only links without content....

Well here is the content....

The problem is the topic title is not supported anywhere in the content....

No where in the linked article does it substantiate the title assertion....



Why do you post such disingenuous tripe and then make a fool out of yourself when you attempt to defend it, chola....




The US economy had its best year since 2010 last year, outpacing all of the other major developed countries as consumer confidence picked up, helped by sinking oil prices.

But a slowdown in the fourth quarter held back the annual growth figure, baring some of the persistent challenges — like the soaring dollar — to locking the world’s largest economy into higher gear.

While the halving of fuel prices clearly gave American consumers the power to spend more at the end of the year, businesses slowed investment and the government cut back on spending, especially for defense, dragging down momentum.
                  
The Commerce Department reported Friday that US gross domestic product grew at an annual 2.4 percent pace last year, up from 2.2 percent in 2013, as the United States distanced itself from the sagging economies of Europe and Japan.

The firming recovery from the devastating Great Recession of 2008-2009 was marked by improved consumer confidence, the best year of job creation since 1999, and a surge in business profits.

By comparison, Japan and the eurozone continue to battle with recessionary pressures; China — the other key motor of global growth — is slowing more than expected; and other emerging economies are also struggling with slumping activity, partly because of the crash in commodity prices.

That has put the US on a divergent course with the others: while their central banks are implementing measures to stimulate demand and head off deflation, the US Federal Reserve is moving to tighten monetary policy and raise interest rates in the coming months.

- Strong dollar a challenge -

Even (Taiwan OTC: 6436.TWO - news) so, the Commerce Department’s fourth-quarter data showed the United States is not completely in the clear.

Following a bristling 5.0 percent pace of expansion in the third quarter, GDP grew at a 2.6 percent rate in the October-December period, slower than the 3.2 percent expected by economists.

On the positive side, the plummet in oil prices clearly put more money in consumers’ pocketbooks as they had to spend much less on gasoline and other fuels.

The result was that consumer spending on other goods and especially services rose at a 4.3 percent annual pace in the quarter, compared with 3.2 percent in the previous period.

The slowdown “seemed overdue after growth rates went a bit ahead of themselves,” said Harm Bandholz, chief US economist at UniCredit (Milan: UCG.MI - news) .

On the other hand, businesses pulled back in the October-December period and government spending contracted, especially on defense.

Moreover, a rise in imports alongside slower exports pulled down the final GDP figure, likely in part the result of the strong dollar and weakness in economies elsewhere.
                  
The dollar has risen about 15 percent against a basket of major currencies in the past year, making US exports more expensive for other buyers, but imports more of a bargain for American consumers.

The different trends underpinned analysts’ diverging views on whether activity would accelerate in the first half of this year, especially given the economic doldrums elsewhere in the world.

Chris Low of FTN Financial highlighted the offsetting impacts of low oil prices and the firmer greenback.

“There is a clear dichotomy between consumers, benefiting from cheap gas and a strong dollar, and businesses, suffering from cheap oil and the strong dollar,” he said.
Dean Baker of the Center for Economic and Policy Research in Washington said there was no surprise in the ebb of GDP in recent months.

“The slowdown in the fourth quarter was predictable as third quarter growth was driven in part by a 16.0 percent jump in military spending. Military spending is highly erratic and sharp swings are usually reversed,” he said.

On the other hand, he added, “Trade was a major drag on fourth-quarter growth and will continue to be if the dollar stays high.”

Wall Street stocks fell after the report, the S&P 500 losing nearly one percent and the Dow Jones Industrial Average 0.9 percent.
The dollar was little-changed, rising to $1.1290 per euro, and slipping to 117.33 yen.
John Adams
Before a free people can be oppressed they must first be idealogically disarmed....
Sr. Member

Posts: 43255

Repeal the 17th Amendment, No direct elections


« Reply #8 on: 02 01, 15, 05:58:27:AM » Reply

Biden: “Past Six Years Have Been Really Really Hard For This Country” WH: It’s Bush’s Fault!

Choom effect…


Via Daily Mail:

 

Vice President Joe Biden suggested Friday morning that the Obama years have not been a time of prosperity and ease, but ‘really, really hard for this country.’


But he still insisted that his boss, Presdient Barack Obama, has made the right economic decisions. And hours later the White House blamed problems Obama inherited from his predecessor for an incomplete economic recovery.


Biden’s odd juxtaposition – half blame, half credit – will lead to questions about whether he can create effective separation between himself and the president as he’s trying to build momentum for his own run at the top job.


Keep reading…


 
D2D
Republicans believe every day is the fourth of July! Democrats believe every day is April 15!
Sr. Member

Posts: I am a geek!!

#SayHisName Cannon Hinnant


« Reply #9 on: 02 01, 15, 09:06:32:PM » Reply

jst-the-fax
Evil does not exist within a gun. It exists in the minds and hearts of those who pull the trigger for evil purposes.---Laus Deo
Contributor
Sr. Member

Posts: 33442

http://purebredcatrescue.org/


« Reply #10 on: 02 02, 15, 11:24:12:AM » Reply

Oh gee...looks as if hawk/wvit has abandoned her post? I wonder why...?
1965hawks
Sr. Member

Posts: 26544


« Reply #11 on: 02 03, 15, 04:28:49:PM » Reply

To: littleye, jst-the-fax, D2D, chuck_Curtis, and John Adams

in re: US economy in 2014

The Us Economy (and President Obama) had a very good year in 2014, your predictable denials not withstanding.

"When it comes to the nation’s economy, 2014 was a very good year. Next year promises to be even better. Barack Obama deserves credit, but many recoil at the idea."

http://www.bostonglobe.com/opinion/2014/12/28/good-year-for-obama/RubJFT8VmXquMRYdVGoUxK/story.html
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