US economy grew at brisk 4.2 pct. rate in Q2

[Omaha Steve]

Source: AP-EXCITE

By MARTIN CRUTSINGER

WASHINGTON (AP) — After a bleak start to the year, the U.S. economy rebounded vigorously in the April-June quarter, growing at a brisk annual rate of 4.2 percent, slightly faster than first estimated.

The upward revision supported expectations that the second half of 2014 will prove far stronger than the first half.

The Commerce Department's second estimate of growth for last quarter compares with its initial estimate of 4 percent. The revision reflected stronger business investment in new equipment and structures than first thought.

The seasonally adjusted 4.2 percent annual growth rate for the gross domestic product came after the economy had shrink at an annual rate of 2.1 percent in the January-March quarter, the biggest drop in activity since the depths of the Great Recession.


Read more: http://apnews.excite.com/article/20140828/us--economy-gdp-d060589933.html

[Amonester]

1. But... but.... but... the repukes (yes, them again) say otherwise!111

while testing their elect-ric-ions machines secret software...

[Orrex]

7. They will claim that it's due to their anti-tax policies. Again.

And they will claim that the growth is in spite of Obama's policies, rather than because of them. Again

And their costituents will believe them. Again.

And they will vote for them. Again.

And nothing will change. Again.

[Amonester]

11. Yep. And they will accuse him to be "weak" on .... (u no whut)

Wait. They already started...

[tclambert]

8. "We were wrong about the economy again? Nerts. Well, . . . back to Benghazi!"

That is definitely NOT what Republicans will say. They will simply ignore the facts and blame Obama for the "failed economy." And Benghazi, which, as many of their followers heard, was worse than Watergate.

[Amonester]

13. They already started to accuse him of being "Weak" on (OMG) terra...

They prompt up their corporate-M$M shills to "search for his strategy" blah blah blah

Elec-tronic-ions are a coming (if not the RUSSIANS!!OMG).

A Big Melting-pot of FEAR FEAR FEAR!!

[Kelvin Mace]

2. OK which of these stories is true?

this one, or this one?

http://www.cbc.ca/news/business/u-s-budget-office-downgrades-gdp-growth-estimate-to-1-5-1.2748630

[leftynyc]

4. They could both be true

One (this one in the OP) is talking about the second quarter and the one you linked to is for the full year. The US economy contracted in the first quarter:

http://www.bloomberg.com/news/2014-06-25/economy-in-u-s-shrank-in-first-quarter-by-most-in-five-years.html

[whatthehey]

5. Both. 1st is Q2 history; second is full year projection

I suspect the latter is a bit pessimistic though.

[bhikkhu]

9. The revision is for yearly growth, based on a bad winter

the 4.2 percent is for current growth. It all balances out.

[MADem]

3. Waaaaaaah waaaah waaaah.....thanks a LOT, Obama.....

[Botany]

6. And that is why the republicans will win big this fall because people are tired of .....

.... Obama's economic policies.

God I hate the media.

[Brigid]

10. OK, so where's the hiring?

I don't see any mention of that.

[Amonester]

12. I suppose... military?

As all corporate-M$M are now re-starting their march to perpetual war.

The more things change...

[fasttense]

14. Well there is McDonald's and Wally World and

cleaning toilets and mucking stalls and picking fruit and just so many good opportunities for interesting careers at minimum wage or less.