5.7% Growth In 4th Quarter, The Stimulus Worked!
I’m sure all the haters will have reasons why this isn’t real, or wasn’t because of the stimulus, or was because of some other reason…..BITE ME!
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 5.7 percent in the fourth quarter of 2009, (that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the Bureau of Economic Analysis.
I’ve been watching the signs of the recovery for the last 6 months, lots of good or “not so bad” news has been coming for a while, but it has basically been ignored by the media because it doesn’t fit into their current narrative, that President Obama’s presidency has been a failure. Chew on this, bitches. When I see the slanted journalism that paints this picture of failure, I find comfort in the fact that reality will catch up with them and make them look like fools. You can only hide the truth for so long, eventually it finds its way into the public consciousness. President Obama’s speech the other night was one of the first steps in showing the reality of the last year, not what the right wing, Jane Hamsher, Arianna Huffington and Cenk Uygur have been trying to paint. I wonder how they are reacting to this?
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I know everyone is going to say, but where are the jobs? As most economists will tell you, there is always a lag between when growth picks up and when the jobs are produced. I have relatives that are working this month and even in Michigan where unemployment is the worst, people are going back to work in my town.
Here’s the transcript for the entire GOP smackdown today Obama gave them:
http://www.whitehouse.gov/the-press-office/remarks-president-gop-house-issues-conference
These numbers are all estimated right now. You also need to take in account inventory liquidations which will probably drop it closer to a 2.2% growth. Again, these are not the final numbers, but any growth right now is a good and welcome sign.
We’ll see where it ends up, it is just the last quarter too, but things are going up which is good. The recession is over….
I wouldn’t go that far.
Here in Maine there is lots of roadwork being done. Under George Bush? Hardly any was done! People are working. Not only that but the parking lots of the big box stores are filled compared to what they were for the last 2-3 years of Bush. Americans were suffering under Bush and he did nothing to help. President Obama is SLOWLY fixing the mess. It’s going to take years…no doubt about it. But it’s happening! The dollar has also gained strength but I don’t see the wingnuts talking about that. How come? Is their reality crumbling?
The only thing that could knock progress on it’s feet would be another huge attack on our nation. I’m sure Dick Cheney is aware of this fact. Spit.