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coalition_unwilling

(14,180 posts)
48. Your headline is somewhat misleading (or has the potential to be), as U.S. GDP
Wed Jan 30, 2013, 06:12 PM
Jan 2013

grew 2.2% in 2012 as a whole. However, it contracted by 0.1% in Q4 of 2012. And it's that trend that's worrisome.

The article to which you link further muddies the water by saying that the pace of growth slowed from 3.1% in Q3 to 1.2% in Q4. Again, a worrisome trend.

Most economists had predicted that Q4 GDP would grow by 1%. So a contraction of 0.1%, while negligible as a nominal figure, is a huge deviation from the consensus of economists.

This is not good news and no doffing of rose-colored glasses can make it so.

"hurt by the biggest cut in defense spending in 40 years" Crowman1979 Jan 2013 #1
The national GDP shrank (did not grow). Most economists consider that a proxy coalition_unwilling Jan 2013 #2
Also means a lot fewer highly (over) paid defense contractors making bank on egregious profit margin Roland99 Jan 2013 #3
+1 Crowman1979 Jan 2013 #4
Republican have this odd blind spot... Jeff In Milwaukee Jan 2013 #10
Well it creates my job Shivering Jemmy Feb 2013 #51
Hey, Boehner and Ryan now support those cuts! TomCADem Jan 2013 #14
Great point! If one favors a decrease in defense spending, as most of us do, this is good news. If pampango Jan 2013 #15
No. A contraction of the economy is not "good news". Romulox Jan 2013 #19
If the non-defense segment of the economy expanded and the defense segment contracted, that is good pampango Jan 2013 #25
Net-net: US GDP contracted (shrank) by 0.1%. That is hardly coalition_unwilling Jan 2013 #32
It meets my definition of 'good news', if the alternative is continuing high defense spending pampango Jan 2013 #34
But the shrinking is necessary if other areas of the economy are to grow, become JDPriestly Jan 2013 #38
I agree. The numbers don't tell the whole story. JDPriestly Jan 2013 #36
Obama just OKed $365 million in aid for Syria.... lib2DaBone Jan 2013 #5
There's a strong tendency to dismiss this as a one-off. Don't. reformist2 Jan 2013 #6
This is what happens when demagogues and charlatans control coalition_unwilling Jan 2013 #7
The economy is still on life support, and any cuts in gov't spending are going to hurt. reformist2 Jan 2013 #9
I would be interested in knowing..... Swede Atlanta Jan 2013 #8
The sequester will drive the economy into the ditch Zorro Jan 2013 #11
All of us need to sacrifice MannyGoldstein Jan 2013 #13
... L0oniX Jan 2013 #18
Graphic.... KoKo Jan 2013 #20
When Krugman, Stiglitz, and reality-based economists are derided by Democratic leadership... MannyGoldstein Jan 2013 #12
Yeah, the economist in me takes issue with the term 'depression,' as that coalition_unwilling Jan 2013 #24
14,000 posts! Congratulations! nt MannyGoldstein Jan 2013 #27
econ 101.... madrchsod Jan 2013 #16
There is good reason to keep miltary spending high nolabels Jan 2013 #21
Actually, Macroeconomics 101 . . . which posits that cuts to coalition_unwilling Jan 2013 #23
Agreed. All that money invested in all that production which either kills people including JDPriestly Jan 2013 #40
0.1 % ....OMG what will we do??? L0oniX Jan 2013 #17
Right now, the unemployment rate in California is about 10%. With coalition_unwilling Jan 2013 #22
So, why aren't we building fast rail and installing solar panels on more houses in Southern JDPriestly Jan 2013 #41
My take, FWIW. maddogesq Jan 2013 #26
It may be a 'one off' but when combined with December's precipitous coalition_unwilling Jan 2013 #28
Agreed that we can do better. maddogesq Jan 2013 #37
I strongly agree with this statement: JDPriestly Jan 2013 #42
The economy grew 1.2%. Dawson Leery Jan 2013 #29
Your headline is somewhat misleading (or has the potential to be), as U.S. GDP coalition_unwilling Jan 2013 #48
I believe that the global historic peak in oil production is at the root of our economic woes ... brett_jv Jan 2013 #30
While I feel inclined to agree with you, I also must point out that the coalition_unwilling Jan 2013 #31
Respectfully, I posit that anytime you look at economics ... brett_jv Jan 2013 #35
Agreed. I remember my dad pulling into the filling station and paying 25 cents a gallon. JDPriestly Jan 2013 #44
Agreed. JDPriestly Jan 2013 #43
Article also sites return of "payroll tax" LeftInTX Jan 2013 #33
The increased payroll tax will go directly into the Social Security Trust Fund and be loaned to the JDPriestly Jan 2013 #45
'Despite the overall contraction, elleng Jan 2013 #39
The slight increase in consumer spending suggests to me that the private sector is less JDPriestly Jan 2013 #46
You may be right. elleng Jan 2013 #47
Krugman: Most analysts are, rightly, shrugging off the surprise report of an actual decline in 4th pampango Feb 2013 #49
Thanks for posting. BLS just posted January 2013 payroll #s, and unemployment coalition_unwilling Feb 2013 #50
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