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Morgan

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: November 29, 2012, 06:51:03 PM

Is this what Romney was going to take credit for had he been elected.....?

---------------------------

The U.S. economy got an early holiday gift Thursday when the U.S. Commerce Department announced that growth in the third quarter was 2.7 percent, topping a previous forecast.

While the latest economic snapshot is good news for Americans, it raises the heat on Congress and President Barack Obama to reach a deal to avoid taking the nation off the so-called "fiscal cliff," a package of mandated government spending cuts and expiring tax breaks scheduled to take effect in January. That could throw the economy in reverse just as it appears to be gaining speed.

The new GDP figures are an update of the agency's estimate last month of 2 percent growth in the July-to-September period. The revised numbers, which are adjusted seasonally, offer a more accurate picture of growth than the government's initial forecast. The economy grew 1.9 percent and 1.3 percent, respectively, in the first and second quarters.

http://www.cbsnews.com/8301-505123_162-57556104/u.s-economy-growing-faster-than-forecast/

wreck ship

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#1 : November 29, 2012, 08:05:56 PM

You better believe he would have takin credit because Hannity and Rusty Limbo would have given it to him 24/7

philosophy is questions that may never be answered
religion is answers that may never be questioned

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#2 : November 29, 2012, 10:24:18 PM

Hows about you post the rest of the article??

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#3 : November 29, 2012, 10:34:28 PM

The Bernake election bump.   

cyberdude558

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#4 : November 29, 2012, 11:50:46 PM

Yeah but where are the jobs? People dont care if the economy grows at 1.2% or 2.7%. What people care about is jobs at a livable wage. The only jobs being created now in America are low-wage service jobs that Obama claims as "job growth."

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#5 : November 30, 2012, 12:43:51 AM

Yeah but where are the jobs? People dont care if the economy grows at 1.2% or 2.7%. What people care about is jobs at a livable wage. The only jobs being created now in America are low-wage service jobs that Obama claims as "job growth."

Is that Obama's fault? Or perhaps more a sign o' the times as a result of 30 years of conservative economic policies?


JavaRay

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#6 : November 30, 2012, 02:34:33 AM

Yeah but where are the jobs? People dont care if the economy grows at 1.2% or 2.7%. What people care about is jobs at a livable wage. The only jobs being created now in America are low-wage service jobs that Obama claims as "job growth."

Is that Obama's fault?

Yes


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#7 : November 30, 2012, 11:19:14 AM



   These numbers dont matter. The Republicans will just sandbag the economy again by letting us go over the fiscal cliff so they can try and blame Obama. Just like how they destroyed our credit rating last year.


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#8 : November 30, 2012, 11:28:21 AM


 " The Republicans will just sandbag the economy again by letting us go over the fiscal cliff so they can try and blame Obama."

Isn't Obama the one steering?

Illuminator is a good poster. He sticks to his guns and makes good points. Some don\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\'t like that.

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#9 : November 30, 2012, 12:00:56 PM

Yeah but where are the jobs? People dont care if the economy grows at 1.2% or 2.7%. What people care about is jobs at a livable wage. The only jobs being created now in America are low-wage service jobs that Obama claims as "job growth."

Is that Obama's fault? Or perhaps more a sign o' the times as a result of 30 years of conservative economic policies?

Seems to me that things were doing just fine until Democrats took control.

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#10 : November 30, 2012, 12:04:24 PM


These numbers dont matter. The Republicans will just sandbag the economy again by letting us go over the fiscal cliff so they can try and blame Obama. Just like how they destroyed our credit rating last year.


Correct:


A growing number of Democrats say they are willing to let the country go off the fiscal cliff if a deal cannot be reached by Jan. 1 that raises taxes on the top two percent of earners while protecting costly entitlement programs.

Their theory in this game of chicken with Republicans is that it will be easier in January to lower taxes for 98 percent of the country while finding the best possible parts of the federal budget to cut in line with long-held goals of the nation's liberal party. They also think they'll be in a better position to save most, if not all, of massive entitlements like Medicare as well as pet projects.

Read more: http://www.newsmax.com/Headline/democrats-fiscal-cliff-murray/2012/11/26/id/465395#ixzz2Dj6CZGHm

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#11 : November 30, 2012, 01:16:07 PM

Oh goodie.  I was starting to get worried.


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#12 : November 30, 2012, 02:05:04 PM


These numbers dont matter. The Republicans will just sandbag the economy again by letting us go over the fiscal cliff so they can try and blame Obama. Just like how they destroyed our credit rating last year.


Correct:


A growing number of Democrats say they are willing to let the country go off the fiscal cliff if a deal cannot be reached by Jan. 1 that raises taxes on the top two percent of earners while protecting costly entitlement programs.

Their theory in this game of chicken with Republicans is that it will be easier in January to lower taxes for 98 percent of the country while finding the best possible parts of the federal budget to cut in line with long-held goals of the nation's liberal party. They also think they'll be in a better position to save most, if not all, of massive entitlements like Medicare as well as pet projects.

Read more: http://www.newsmax.com/Headline/democrats-fiscal-cliff-murray/2012/11/26/id/465395#ixzz2Dj6CZGHm



Its refreshing to know the Democrats have a counter strategy for the Tea Baggers obstructionist tactics.

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#13 : November 30, 2012, 03:02:51 PM

Biggest hospital in my area just fired 32 people.

Biggest mill just laid off 58.

Box stores are reducing hours so they can get out of paying for healthcare. They'll hire more part timers to make up for the hours lost and it'll be viewed as a win as the jobless rate will go down.

Can't you just feel the recovery?

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Morgan

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#14 : November 30, 2012, 03:53:35 PM

Report: 26 U.S. Companies Not Paying Federal Income Tax

http://abcnews.go.com/Business/report-26-us-companies-negative-average-federal-income/story?id=16111671#.ULkcoWez4rc
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