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U.S. Economy grows 0.9 percent

Discussion in 'Political Discussion' started by STFarmy, May 29, 2008.

  1. STFarmy

    STFarmy In the Starting Line-Up

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    While not great, this is certainly better news than a negative growth. Still tough economic times, but I guess that official recession is still nine months off at least...

    Not that this will stop certain people in the media/politics from intimating that we are, of course, in a recession already.

    http://news.yahoo.com/s/ap/20080529/ap_on_bi_go_ec_fi/economy;_ylt=Asr.KAySsfnXEkbfw4_nveCs0NUE

    WASHINGTON - The economy logged slightly better — but weak — growth in the first quarter, spurred by improved sales of U.S. products overseas. While that's heartening, the country is still far from being out of the woods.
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    In fact, a closer look behind the 0.9 percent increase in the gross domestic product during the January-to-March period revealed much caution on the part of consumers who have been clobbered by the housing, credit and financial debacles.
     
    Last edited: May 29, 2008
  2. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Woah there buddy - the economy is receding (you know, the already declared recession).
     
  3. STFarmy

    STFarmy In the Starting Line-Up

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    So I've heard - despite the actual definition of recession not being met yet.
     
  4. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Thus the new phrase "it feels like a recession".
     
  5. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    If you want pain wait and see what things will be like when we get a jimmah carter II economy under obamassiah.
     
  6. Real World

    Real World Moderator Staff Member

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    I was going to start a thread with this earlier. The headline was going to read something like:

    "Economic growth 50% higher than originally calculated"

    Or..

    "First quarter GDP grew 50% more than reported"

    Numbers can always be described in more favorable, or negative ways. :D Still though, any increase is a positive.
     
  7. STFarmy

    STFarmy In the Starting Line-Up

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    You'd think so, but not while Bush is in office. I'm not a fan of his, but there are some who would love to see the country tank just so they can scream and point fingers at the man. Bush Derangement Syndrome, though I think it's an annoying cutesy phrase that radio talk show hosts coined, is very real.
     
  8. Real World

    Real World Moderator Staff Member

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    It absolutely is. My brother had the same with Clinton. He was always trashing anything the man said or did. It reminds of a yahoo fan. Someone who thinks Peyton Manning "sucks" persay. We might love our Pats and Tom Brady, and I might dislike Manning in pressure situations versus Brady, but PM is one of the greatest of alltime, hands down. Yahoo's, or BDS'ers, won't ever acknowledge a single positive about either person. Of course, the best part about it all, is that when you're simply being objective, you're called a 27%'er, or a loyalist. LOL.
     

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