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after all the 'double-dip' hand wringing from the media.....

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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:14 AM
Original message
after all the 'double-dip' hand wringing from the media.....
Lifted by stronger consumer spending and business investments, Commerce says economy expanded at an annual rate of 2.5 percent from July to September, nearly doubling the growth from the previous quarter.

http://www.washingtonpost.com/business/economy/economis...
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frazzled Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 08:25 AM
Response to Original message
1. I was so very glad to see that this morning
The pundits and posters will certainly decry that this is not enough, or find some shard of negativity in the numbers. But it is a huge relief, that cannot be shunted aside, to see that we continue to move in the right direction. This makes my day, because if we don't have hope we have nothing.
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Itchinjim Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 10:26 AM
Response to Reply #1
8. "find some shard of negativity in the numbers"
Don't worry about the pundts, DU will do it for them.
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Arctic Dave Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 09:19 AM
Response to Original message
2. Not this sh*t again.
Who cares what one raw piece of data says. Let's look at the trend then make statements.


OMG, ITS SNOWING!!!11 See, no global warming!1!
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Avalux Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 09:22 AM
Response to Original message
3. We're being played.
With the discontent and OWS, TPTB are trying to appease. They have the power to do that, just like gas prices. They want everyone to calm down and be lulled back into complacency.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 10:03 AM
Response to Reply #3
7. 245:18
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bhikkhu Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 10:00 AM
Response to Original message
4. Excellent news!
Though its only a one percent gain over the previous growth, its hard to underestimate the effect of a little bit of simple economic growth on the republican plans for the country...
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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 10:01 AM
Response to Original message
5. Good news.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 10:02 AM
Response to Original message
6. K & R!
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IndyPragmatist Donating Member (556 posts) Send PM | Profile | Ignore Thu Oct-27-11 10:39 AM
Response to Original message
9. 2.5% growth minus 6.7% deficit = -4.2%
We are losing 4.2% of our economy. People like to ignore that we are over $1T in the hole for 2011. Growing $375 billion while running a $1.1 trillion deficit is nothing to be excited about.

We basically have lost $725billion in the USA this year.
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