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Article: U.S. economy growing more slowly than initially estimated

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Article: U.S. economy growing more slowly than initially estimated

Post by Jen on Fri Feb 25, 2011 4:45 pm

U.S. economy growing more slowly than initially estimated
Fourth-quarter GDP revised to 2.8 percent; cuts by state, local governments ease growth

http://www.msnbc.msn.com/id/41777474/ns/business-stocks_and_economy/


We already knew this. I don't know why they didn't.
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Jen
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Re: Article: U.S. economy growing more slowly than initially estimated

Post by JaneWI on Fri Feb 25, 2011 5:30 pm

Austerity measures anyone?

"Deeper spending cuts by state and local governments weighed down U.S. economic growth in the final three months of last year. "

I really thought the article would have "unexpected" somewhere. Wink They seem to use that word in regard to employment all the time.
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Re: Article: U.S. economy growing more slowly than initially estimated

Post by mrgolf on Fri Feb 25, 2011 6:07 pm

If gas prices stay where they are (or go up) we can expect things to slow down even more
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Re: Article: U.S. economy growing more slowly than initially estimated

Post by JaneWI on Fri Feb 25, 2011 6:09 pm

mrgolf wrote:If gas prices stay where they are (or go up) we can expect things to slow down even more

The economy wasn't all that great and then the price of gas went through the roof in 2008. IMHO, I think the price of gas did make things much worse.
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Re: Article: U.S. economy growing more slowly than initially estimated

Post by mrgolf on Fri Feb 25, 2011 6:39 pm

JaneWI wrote:
mrgolf wrote:If gas prices stay where they are (or go up) we can expect things to slow down even more

The economy wasn't all that great and then the price of gas went through the roof in 2008. IMHO, I think the price of gas did make things much worse.
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Re: Article: U.S. economy growing more slowly than initially estimated

Post by unemployed2long/1208 on Fri Feb 25, 2011 7:31 pm

Hello! But didn't I just read an article and Obama says the economy is rolling but he is still concerned about unemployment! I guess the key word is "Rolling".

AND this gas crisis when the full impact is realized then here comes the breaks on the old freight train.. Layoff's and cut backs.. example is say 1 veh. goes up 10.00/fill up and thats times 100 vehicles.. thats 1000.00 more per fill up.now if a truck over the road fills up say even two times per week then thats 2000.00 per week increase.. you figure the rest! If they can use fuzzy math then so can I!! scratch
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