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Well we know what the media will be harking on this last weekend--GDP up "only" 2%

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WI_DEM Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-29-10 09:59 AM
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Well we know what the media will be harking on this last weekend--GDP up "only" 2%
New York (CNNMoney.com) - The U.S. economy continued on its path of weak growth in the third quarter, according to the government's latest reading Friday.

Gross domestic product, the broadest measure of the economy, grew at an annual rate of 2% in the three months ending in September. While that's slightly better than 1.7% growth in the previous quarter, it's still considered too weak.

http://politicalticker.blogs.cnn.com/2010/10/29/economic-growth-weak-in-third-quarter/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fcnn_politicalticker+%28Blog%3A+Political+Ticker%29

That's still nine-straight months of growth and better than what Obama inherited from Bush.
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Imajika Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-29-10 10:07 AM
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1. Yes, but what happens when the stimulus dollars run out?
I mean, the stimulus was giving us a boost and helping to prop up the economy, what happens when that runs dry?

You can be sure no more stimulus and state aid is going to pass in the next congress.
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Cosmocat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Oct-29-10 10:22 AM
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2. stimilus is all but washed though as is ...
Now that they have held back as long as they possibly can to try to hold things back for this election, business has no choice but to get their money working again ... They can't sit on it any longer ...

It is not going to be a boom, but we are going to see continued snail like growth ... And, as noted, it is a MASSIVE turnaround from what the president walked into ...
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