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CNN: Economy finally back in gear - FACT OR BULLSHIT?
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maya2012
User ID: 797088
10/29/2009 9:29 AM
Report abusive post | CNN: Economy finally back in gear - FACT OR BULLSHIT?
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This is today's CNN headline as the stock market plummets 119 points...
Economy finally back in gear
Government says GDP grew 3.5% in third quarter, ending a year-long string of declines and coming in better than forecasts.
By Chris Isidore, CNNMoney.com senior writer
October 29, 2009: 8:46 AM ET
NEW YORK (CNNMoney.com) -- The U.S. economy grew at a 3.5% annual rate in the third quarter, ending a string of declines over four quarters that resulted in the most severe slide since the Great Depression.
The growth, reported by the government Thursday morning, was slightly stronger than expectations. Economists surveyed by Briefing.com had forecast 3.2% growth in gross domestic product, the broadest measure of the nation's economic activity. The economy shrank at a 0.7% rate in the second quarter.
The positive GDP report is one more sign that the economy has likely pulled out of the deep recession that started in December 2007.
The reading by itself doesn't mark an end to the recession; the economy actually grew in the second quarter of 2008. (The National Bureau of Economic Research, which officially dates the beginning and end of recessions, is not expected to declare that the current recession has ended until sometime in 2010.)
But the stronger-than-expected growth is likely to lead more economists to declare that the economy hit bottom earlier this year and turned higher at some point in the summer.
A rebuilding of inventories by businesses that had slashed production and jobs over the past year was a major contributor to the growth in the third quarter. So was a rebound in auto sales, which were helped by the government's Cash for Clunkers program. The economic stimulus package, with public works projects and aid to state and federal governments, also boosted growth.
But the fact that much of the gain was from these short-term programs raises some concerns about whether the economy can keep growing over the next few quarters.
[link to money.cnn.com]
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Justmebeingme 
User ID: 805661
10/29/2009 9:32 AM
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Resister
In God we trust
User ID: 669410
10/29/2009 9:36 AM
 | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Wow. Absolute utter BS from CNN. The state run media is spewing propaganda like it's 1930s Germany.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787 |
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SHERIFF BIGHAIR
User ID: 782900
10/29/2009 9:37 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Based on the brick-like turd I just dropped, I'm going with bull shit on that one.
Sheriff Bighair has spoken |
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maya2012
User ID: 797088
10/29/2009 9:40 AM
| | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
I'm with all of you 
They truly must believe we're either menatally challenged or highly gullible to believe anything they say.
Alternative news sites are the only way to go.
Official 2012 Countdown: Welcome to the World's Biggest Party!!!
[link to www.maya12-21-2012.com]
MySpace Page: [link to www.myspace.com]
2012 The Online Movie:
[link to www.youtube.com] |
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Emmeric
User ID: 754308
10/29/2009 9:44 AM
 | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Well, we have falling confidence, falling wages, rising unemployment, rising savings and falling spending.
Those conditions are exactly the opposite of a "reviving" economy.
This is a consumer economy; we require mass spending and consumption. Such has fallen off so drastically that 1000s of businesses are folding every month.
That condition further accentuates the falling spending as less and less people have jobs. The ONLY way we could have a jobless, moneyless, spendless recovery is if we had a manufacturing base for export. We shipped all that out decades ago.
Anyone believing that we are in any kind of recovery is a fool. Might as well believe you can run your car without gas. |
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Anonymous Coward
User ID: 805674
10/29/2009 9:48 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
I'll believe it when I get hired again. |
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Anonymous Coward
User ID: 799778
10/29/2009 9:48 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
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Anonymous Coward
User ID: 797720
10/29/2009 9:51 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
This is why CNN is the lowest rated "news" source. IMO |
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Anonymous Coward
User ID: 799574
10/29/2009 9:54 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Recession IS NOT OVER.
The GREATER DEPRESSION is well under way.
Get your guns, food, ammo, gas, and squad of trusted friends ready for the END OF THE CIVILIZATION. |
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what?
User ID: 796521
10/29/2009 10:42 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
I'm with all of you
They truly must believe we're either menatally challenged or highly gullible to believe anything they say.
Alternative news sites are the only way to go.
If enough folks feel this way then the only recovery we have is only the trillions of recovery (bailout tax payer money) money used for multi million dollar bonuses + the $20 or so they tossed each of us. |
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..
User ID: 448888
10/29/2009 10:46 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Paying people to buy homes..
Paying people to buy cars..
OH Yeah Babee we's look'n Good..
.. |
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Anonymous Coward
User ID: 802888
10/29/2009 10:48 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Wow. Absolute utter BS from CNN. The state run media is spewing propaganda like it's 1930s Germany.
YES |
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what?
User ID: 796521
10/29/2009 10:49 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Paying people to buy homes..
Paying people to buy cars..
OH Yeah Babee we's look'n Good..
.. Quoting: .. 448888
Hey, how do I get in line? Where does it form up? |
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Anonymous Coward
User ID: 803331
10/29/2009 10:49 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
I just noticed that CNN has redesigned their website. The new site no longer has the day's stock market data on the front page. You now have to click through a couple of pages to find it. Hmmmmm........ |
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Anonymous Coward
User ID: 760470
10/29/2009 10:53 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Quoting: Anonymous Coward 799778
 
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Anonymous Coward
User ID: 725380
10/29/2009 11:00 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Read the comments below the article. The article is getting ripped to shreds!
Seems, the Communist News Network, just cannot sustain its lies anymore. |
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what?
User ID: 796521
10/29/2009 11:04 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
I just noticed that CNN has redesigned their website. The new site no longer has the day's stock market data on the front page. You now have to click through a couple of pages to find it. Hmmmmm........ Quoting: Anonymous Coward 803331
Keep your shirt on, go to CBSMARKETWATCH DOT COM. Yikes! |
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Anonymous Coward
User ID: 548111
10/29/2009 11:07 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Dead cat bounce. |
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just?
User ID: 796521
10/29/2009 11:09 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Dead cat bounce. Quoting: Anonymous Coward 548111
You think? |
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Anonymous Coward
User ID: 803305
10/29/2009 11:10 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Don't watch that crap it'll rot your brain. |
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what?
User ID: 796521
10/29/2009 11:23 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Don't watch that crap it'll rot your brain. Quoting: Anonymous Coward 803305
Although you may be right, the manipulation (if it exists) has a pattern as does a normal (with corruption) market. Might be the time to trade the zone, or channel. |
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Anonymous Coward
User ID: 25
10/29/2009 11:26 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Based on the brick-like turd I just dropped, I'm going with bull shit on that one.
Sheriff Bighair has spoken Quoting: SHERIFF BIGHAIR 782900
I must concur with my fellow law enforcement official, and drop my own cinderblock.
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Anonymous Coward
User ID: 797648
10/29/2009 11:30 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
Massivebighugestinkypileofbullshit!!! |
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Anonymous Coward
User ID: 794625
10/29/2009 11:32 AM | | Re: CNN: Economy finally back in gear - FACT OR BULLSHIT? | Quote |
We must have hired a few finace guys from China to come with this much Bull Shit. |
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