Welcome to PatsFans.com

Its getting better and better!

Discussion in 'Political Discussion' started by Ilikehappyppl, Nov 29, 2012.

  1. Ilikehappyppl

    Ilikehappyppl 2nd Team Getting Their First Start

    May 9, 2010
    Likes Received:
    +0 / 0 / -0

    Last edited: Nov 29, 2012
  2. RI Patriots fan

    RI Patriots fan In the Starting Line-Up

    Jul 16, 2012
    Likes Received:
    +343 / 14 / -26

    wow...just wow.

    Do you even read past the headlines?

    Maybe take a look at why we have this growth?

    Gross domestic product expanded at a 2.7 percent annual rate, the Commerce Department said on Thursday, as faster inventory accumulation and export growth offset weak consumer spending and the first drop in business investment in more than a year.

    While the growth pace was much quicker than the 2.0 percent rate the government estimated last month and the best since the fourth quarter of 2011, it was hardly a sign of strength in the economy given the boost from restocking and weaker consumer spending.

    Excluding inventories, GDP rose at a revised 1.9 percent rate, underscoring sluggish demand. Final sales of goods and services produced in the United States had been previously estimated to have increased at a 2.1 percent pace.

    Business investment fell at a revised 2.2 percent rate instead of 1.3 percent decline. That was the first drop since the first quarter of 2011.

    Economy grew 2.7 percent in third quarter

Share This Page

unset ($sidebar_block_show); ?>