US economy grew at 4% rate in Q2 2014! (Congress, wages, Reagan)

[MUTGR]

Originally Posted by downtownnola

More good news for the economy. Bad news for Republicans? It will be interesting to see how the anti-Obama crowd will spin this to look negative.

http://www.nytimes.com/2014/07/31/bu...rter.html?_r=0

Great news if legit after a terrible 1st quarter contraction.

But if Obama had nothing to do with the contraction ...well, you know.

[Swingblade]

Originally Posted by Opin_Yunated

.....but when the economy sucks you will blame it on Obama.

You can't throw all posters that lean right in the same box. You are right that some posters have OD'd on the Obama syndrome but on the other hand some on the left do the same but their target is the tea party. Shoot there is a thread thanking Obama for consumer confidence

[Opin_Yunated]

Originally Posted by HappyTexan

Go find a post where I did that.

I'm not so politically blind to think that one man has dictatorship rule to move market conditions, especially global ones.

Good. I'll stand corrected.

However, the right-wing peanut gallery thinks everything bad starts with Obama.

http://www.city-data.com/forum/35870460-post1.html

http://www.city-data.com/forum/35866184-post1.html

[madpaddy]

So year-to-date we're growing at a 1.9% rate. Pretty pathetic.

[ChrisFromChicago]

if you hate Obama

"thank you Obama for the economy sucking"

"its not anything Obama did to make the economy better"


I mean I agree, Obama didn't do anything . . but in reality Presidents and parties are elected on this. A strong economy going into the next election would be VERY positive for Democrats regardless of the reality.

[armourereric]

And the stock market is down worried that this will trigger an interest rate hike and a further reduction in QE.

[Opin_Yunated]

Originally Posted by madpaddy

So year-to-date we're growing at a 1.9% rate. Pretty pathetic.

Nope. That is normal given the demographics of the first world in a peace time global economy.

Originally Posted by armourereric

And the stock market is down worried that this will trigger an interest rate hike and a further reduction in QE.

Fed controls interest rates.

[triple8s]

Originally Posted by Opin_Yunated

Good. I'll stand corrected.

However, the right-wing peanut gallery thinks everything bad starts with Obama.

http://www.city-data.com/forum/35870460-post1.html

http://www.city-data.com/forum/35866184-post1.html

So hard to take someone serious when they resort to childish comments. It's indicative as to the level one cannot achieve when trying to have an adult conversation.

[madpaddy]

Originally Posted by Opin_Yunated

Nope. That is normal given the demographics of the first world in a peace time global economy.

Average since Regan took office is 2.8% annual. So we're growing at a rate that's 33% slower than normal...in an environment of artificially low interest rates and a budget deficit that's 3% of GDP on the tail of a string of budget deficits that were 5-10% of GDP. That's pathetic.

[HappyTexan]

The big movers in this GDP report is a huge increase in durable goods (goods not for immediate consumption), imports and inventories.

News Release: Gross Domestic Product