Good fourth quarter for US economy: GDP expands at 3% annual rate

Thursday, March 1st 2012 - 04:19 UTC

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The US economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early 2012. Read full article

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laceja
What a joke! The Fed has been buying up sovereign securities, including US, at an accelerating pace. They just haven't been advertising it.

And, the idea that any real growth has occurred is absurd. The economy grew at a 3% pace, while prices for food and gasoline have skyrocketed. And, the only reason unemployment claims have dropped is because, no one is bothering to look for work any more or they are working “informally”. Just take a look at how the IRS is making a huge push now to take a bite out of whatever folks are making from eBay and PayPal sales... mostly selling their use things, purchased with dollars they already paid taxes on.

The net of it is, the economy has actually shrunk and the government grows and grows to snatch more and more out of our pockets.
Mar 01st, 2012 - 03:19 pm - Link - Report abuse 0
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RMJR
And no real job creation!!!
Mar 01st, 2012 - 06:09 pm - Link - Report abuse 0
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