GDP accelerates to 1.9% pace in 2nd quarter

GDP accelerates to 1.9% pace in 2nd quarter

&dist=hplatest]www .marketwatch.com

Boosted by stimulus checks from Uncle Sam and big drop in imports, real growth in the U.S. economy accelerated in the second quarter to a 1.9% annual rate, the Commerce Department reported Thursday.

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What if they gave a recession and no one came?

&dist=hplatest]www .marketwatch.com
(visit the link for the full news article)

If anybody knows how the GDP came to be they will be aware that this is the most devious and easily manipulated way to show grows that are not there.

The last "stimulus checks" had been mailed, when it runs dry then what next.

Back to point one again, not money no job grow, nothing but a nation full of credit card bills and an every incresing ourageous deficit.

GDP is a worthless number. It should be called the Consumer Number. Thats all it is. The GDP is based on consumption not production and is set in a way that it can be fudged. Dont buy the propaganda.

Even if you buy this number, they had estimated the growth to be at 2.4%, it only came to 1.9% - WITH the stimulus checks. The checks clearly did not have the effect intended.

The FED is running out of tricks. The Fed rate is STILL at 2%, the price of oil will not go that much further south (Wait till after the elections to see them rise again), and then after that there is not much else anyone can do. Another stimulus check? Throw more gas on the fire?

Originally posted by TruthWithin
Even if you buy this number, they had estimated the growth to be at 2.4%, it only came to 1.9% - WITH the stimulus checks. The checks clearly did not have the effect intended.

The FED is running out of tricks. The Fed rate is STILL at 2%, the price of oil will not go that much further south (Wait till after the elections to see them rise again), and then after that there is not much else anyone can do. Another stimulus check? Throw more gas on the fire?

Please no more stimulus checks. I never even got to benefit from the first round and I have to pay for it and interest not to mention. The fed IS out of tricks. The only thing they can do (which I think is what this is all about) is take total control over the economy which has already been proposed. House of cards coming down fast.