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Friday, October 26, 2012

Economy US Economy Grew at Faster than Expected 2 Percent Rate in Third Quarter

Posted by Goldy on Fri, Oct 26, 2012 at 7:55 AM

The U.S. economy expanded more than forecast in the third quarter, paced by a pickup in consumer spending, a rebound in government outlays and gains in residential construction.

Gross domestic product, the value of all goods and services produced, rose at a 2 percent annual rate after climbing 1.3 percent in the prior quarter, Commerce Department figures showed today in Washington. The median forecast of 86 economists surveyed by Bloomberg called for a 1.8 percent gain.

I don't know if the majority of Americans are better off than they were four years ago, before the Bush economic meltdown hit bottom. But a majority are certainly better off than they were two years go. And that makes it tougher for Romney to convince voters that we need to move in a different direction.

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I would say that now Romney can not use his "slower growth this year than the year before..." line, but of course he is not going to be saying anything at all until after the election, because his views are repugnant, and his interviews are disasters.

But of course, he would simply just lie about it anyway.

I am amazed he had the balls to claim that Obama doubled the deficit, a fact that is a complete, bald faced lie that anyone can check in two seconds. Yet, he said it about three times per debate.

Posted by Theodore Gorath on October 26, 2012 at 8:07 AM

Because Republicans are structurally incapable of believing facts that contradict their dogma.

I've been in nasty FB arguments with my republican friends & kin that all essentially end the same way. The republican sticks fingers in ears and goes 'La-la-la'.

R: some dumb easily-disprovable republican talking point (e.g. the jobs report was faked)
Me: That was faked (link to the explanation)
R: That's not true!

Posted by Dr_Awesome on October 26, 2012 at 8:25 AM

@1 - Easy. Romney says nothing, allows the Fox News generation to decry it as faked by the liberal commies in the White House, fails to denounce the conspiracy theories.

Posted by MacCrocodile

on October 26, 2012 at 8:39 AM

Doesn't matter.

Obama could shit gold bars and the republicans in this country would still despise him.

It's like that bloated fuck limbaugh said (I think it was limbaugh)... the republicans WANT Obama to fail, even if it means the country also fails and suffers. They don't give a shit if they destroy lives as long as they get their way.

Posted by Urgutha Forka on October 26, 2012 at 9:05 AM

"Obama could shit gold bars..."

The Republicans would blame him for debasing the currency.

Posted by rob!

on October 26, 2012 at 10:14 AM

@4
Republican Senate Minority Leader Mitch McConnell said something to that effect.

https://www.youtube.com/watch?v=W-A09a_g…

Burn the country down as long as it stops Obama from accomplishing anything for the American people.

Posted by fairly.unbalanced on October 26, 2012 at 10:28 AM