Jamesb101.com

commentary on Politics and a little bit of everything else

US Economy creeps along At 1.5% Growth Rate

from Bloomberg….

Gross domestic product, the value of all goods and services produced, rose at a 1.5 percent annual rate after a revised 2 percent gain in the prior quarter, Commerce Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News called for a 1.4 percent increase. Household purchases, which account for about 70 percent of the world’s largest economy, grew at the slowest pace in a year.

Consumers are cutting back just as Europe’s debt crisis and looming U.S. tax-policy changes dent confidence, hurting sales at companies from United Parcel Service Inc. (UPS) to Procter & Gamble Co. (PG) Cooling growth makes it harder to reduce unemployment, helping explain why Federal Reserve ChairmanBen S. Bernanke has said policy makers stand ready with more stimulus if needed.

“We have an anemic recovery with really no momentum,”

More….

July 27, 2012 Posted by | Breaking News, Government, Media, Politics, Projections, The Economy, Updates | , , | Leave a comment

The United States Economy shows a vast improvement!….

I have been saying to anyone that would listen ……’The recession ended in the late spring’…well, the numbers from the economists for  the third quarter of this year, are the first positive numbers for a while……..And  they  seem to support the fact  that the economy is indeed coming back……I don’t really feel it personally….But I have been watching the little signs here and there, and it was unmistakeable…….

I know the Republicans aren’t going to take it too good, but the President’s campaign of Government spending WAS the key…

Obama gets the props folks………

But , we have a very long way to go to prosperity……

October 29, 2009 Posted by | Media, Politics, The Economy | , , , , , | 9 Comments