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View Full Version : GDP Grew at 1.5%


PsyOps
07-27-2012, 03:47 PM
"It worked"! :ohwell:

GDP report: Economy grew at just 1.5% - CBS News (http://www.cbsnews.com/8301-505123_162-57481200/gdp-report-economy-grew-at-just-1.5/)

The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.

"The main take away from today's report, the specifics aside, is that the U.S. economy is barely growing," said Dan Greenhaus, chief economic strategist at BTIG LLC. "Along with a reduction in the actual amount of money companies were able to make, it's no wonder the unemployment rate cannot move lower."

Chris0nllyn
07-27-2012, 03:50 PM
Doesn't it have to be at, or above 2% to even put a dent in the unemployment numbers?

PsyOps
07-27-2012, 04:17 PM
Doesn't it have to be at, or above 2% to even put a dent in the unemployment numbers?

Hey... As long as it worked.

Chris0nllyn
07-27-2012, 04:20 PM
Hey... As long as it worked.

"Don't pay too much attention to the numbers"

I'm sure the private sector is doing just fine.....:whistle:

PsyOps
07-27-2012, 04:24 PM
"Don't pay too much attention to the numbers"

I'm sure the private sector is doing just fine.....:whistle:

Not if it's not paying their fair share it's not.


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