Obama Hails New GDP, Talks Health Care Reform
President Barack Obama is hailing new figures showing the economy grew at a 3.5 percent rate in the third quarter. In remarks to a small business group, Obama says he believes the new figures show that the recession is easing. (Oct. 29)
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October 29th, 2009 at 6:05 pm
Too many greed people!! None of them went to school for economics.
FUCKING IDIOTS.
The whold fucking world is suffering greater depression. Thank to idiot Madoff, Miser Scrooge of America.
October 29th, 2009 at 6:17 pm
Your government contributed just as much – and likely more – to the economic problems we’re having and will continue to have until BO is out of office.
October 29th, 2009 at 6:36 pm
The third quarter is really the first quarter where President Obama’s economic policies have affected the American economy. The growth rate shows that his policies are moving the country in the right direction.
Under Bush, the wealthiest five percent did well until the last two years and even they suffered from his policies, but the other 95% had nothing but suffering during the entire eight years of the Bush Administration. So far, about 75% seem to have benefited from this administration.
October 29th, 2009 at 6:38 pm
LOL!!! Our economic growth is based on the US dollar which keeps dropping because you idiots keep printing it. 900billion in circulation before Obama now 1.4 trillion. Our economy has not grown the tool you use to measure it with has gone to crap.
October 29th, 2009 at 6:51 pm
What was the unemployment rate during the Bush years?
October 29th, 2009 at 6:56 pm
GONE to crap?? are you implying that the fed ever worked?? bc if so, fdo a little research…it didnt
October 29th, 2009 at 7:02 pm
USA is doing well ,now its time for UK
October 29th, 2009 at 7:12 pm
His policies have worked? Are you nuts? Its called cyclic recovery and it happens after every recession once it bottoms out and when work forces have laid off enough workers.
Im not rich and I didnt suffer during the Bush years. I actually thrived with his tax cuts for EVERYONE and personal freedoms I got to enjoy. Get your head out of the clouds.
October 29th, 2009 at 7:14 pm
abarzila- Dont bother arguing with bafoons.
October 29th, 2009 at 7:48 pm
Lots of creative liars. It’s shame people know nothing about hyperinflation.
This GDP shrinkage is joke on Americans. Where’s Consitution tradition?
Fuck Socialist!!!
October 29th, 2009 at 7:50 pm
a few things lauren sue in the lebouhner hospital and im not there my child needs your helthcare together with mine im not sick my blood work is frasier healthcenter Rion i said hy/my secret let no defense down learn lauren prebioticsAnthorton
October 29th, 2009 at 7:53 pm
The growth is from the tele-prompter mantainence sector and the new inovations in neck exercise equipment.
October 29th, 2009 at 8:27 pm
Obama stole $14,000,000,000.00 from your grandchildren then gave it to housing loans and car loans to people who cant afford it and will lose it anyway. This growth’ is another lie. I guess there are enough really dumb americans who believe this smoke n mirrors crap to keep producing it,
October 29th, 2009 at 8:33 pm
Total cars sold for 2009 Q3 and Q4: 690,000 cars.
Edmunds projected that w/o CFC, total sales for the same period would have been 565,000 cars.
Amount federal gov’t spent on CFC $3,000,000,000
So, essentially, the federal government dumped $3B to get the economy to purchase a net gain of only 125,000 cars
That means the cost per net auto sale gained ($3B/125,000) is equal to $24,000
The great masses of the people will more easily fall victims to a big lie than to a small one. Adolph Hitler
October 29th, 2009 at 8:55 pm
I can’t believe people stole money from children, great grandchildren, disability, disable, sufferings…. They can’t even afford to buy anything from living standard. They worked soo hard in school and walk away bunch of things.
Who whole education system is fucked up by convert them into socialism.
Better to fly to Canada, Brazil, Europe, Austruslia, China, Japan,even country that doesn’t suffer hard recession.
October 29th, 2009 at 9:24 pm
LOL this is truly a bogus number.
October 29th, 2009 at 9:27 pm
I will not believe it unless everyone can keep a well paying job again.
October 29th, 2009 at 9:34 pm
Yes! That’s the answer!! The government spends money like there is no tomorrow and that improves the economy! What a crock of Horseshit!
October 29th, 2009 at 10:04 pm
Adolph Hitler?…….
If you recite it then be proud to be ONE with it…. Downthedrain08
Let’s hear more of your teaching!
October 30th, 2009 at 12:37 am
GDP 3.5% means nothing when you have more DEBT than savings.
This “growth” is artificially hyped.
Like giving cocaine to a person who is exhausted… Can work for some time but the consequences are worse.
October 30th, 2009 at 2:38 am
Nope I am not implying that the fed ever worked. What I am stating is that it has gotten alot worse over the last year. Take for instance the monetizing of our debt. This has been done by printing billion dollar US Bonds by the treasury department selling them to a 3rd party and having the fed rebuy them with money they just printed. Our country is in worse shape than they let on.
October 31st, 2009 at 12:55 am
Bush took a $4.3 trillion surplus and turned it into a $11.1 trillion deficit. The deficit is now $12.4 trillion. Bush took a 4% unemployment rate and turned into a 8% unemployment rate. Unemployment rate now is 9.8%. Oh yea and the Dow fell like a rock under Bush before he left office. I guess half this country is suffering fom selective amnesia. But America is not known for its expertise in history. Republicons try to rewrite history. They do not realize history is based on facts.
October 31st, 2009 at 2:14 am
Thank God for Obama,oh yeah thats kinda redundent isnt it.What a joke these guys are,throw em all out
October 31st, 2009 at 2:17 am
What surplus the one Clinton used the social security money to create,they all are crooks hungry for power time to revolt against thier marxist ways
October 31st, 2009 at 3:26 am
Hey I really do not put much faith in numbers but all you little eichmans seem to think the numbers are going the wrong way. History could repeat itself or you could just make shit up as you go along.