BLAST OFF - US Q3 GDP up 7.2%, best in 19 years - Page 3

bethany1982 · #1 10-30-2003, 02:57 PM

Quote:

Originally posted by moe.ron
Unemployment has very little to do with GDP growth. GDP growth over time will trickle down and lead to more jobs. It will just take a little time for companies to gain confidance that consumer spending is still on the rise. Typically 60% of GDP is consumer spending. Once consumer confidance and investor confidance goes up, then they will add more jobs to further increase output.

GDP is obviously a great way to measure economic growth. But IMO the unemployment rate is the ultimate measure of the well-being of the economy. 7% growth in GDP is great but it only makes a difference in unemployment if it lasts for many many quarters. I doubt we will have 7% growth this quarter......

You're right about the relationship between unemployment figures and the GDP. I was simply giving current figures. Let's see... more bad numbers... Personal income went up .02 percent. Wicked corporate American had 80 plus billion in profits in the 2nd qtr... bad, bad, bad!

SmartBlondeGPhB · #2 10-30-2003, 03:26 PM

Unemployment figures also drop when unemployed people get frustrated and STOP looking for jobs which is a lot of what we have been seeing. They are still unemployed, they just gave up looking so they are no longer included in the calculations.

Coming from one of the states at the top in unemployment, we have a LONG way to go.

And the stock market isn't anywhere NEAR where it was a couple of years ago. It's not even close to the highs in the 10K's that we've seen it hit.

Oooooohhhh........ 0.02% increase in personal income. Not even enough to buy a new cd.

Rudey · #3 10-30-2003, 03:32 PM

You realize you guys really don't understand any economics right? Some of you say some really bizarre shiznit.

-Rudey
--Everyone needs to know I'm ridiculously smart.

#4 10-30-2003, 03:35 PM

Quote:

Originally posted by Rudey
You realize you guys really don't understand any economics right? Some of you say some really bizarre shiznit.

-Rudey
--Everyone needs to know I'm ridiculously smart.

please, enlighten us.

Kitso
KS 361 times no seriously, who's talkin out their ass? I'm a coach.

docetboy · #5 10-30-2003, 04:42 PM

Quote:

Originally posted by AggieSigmaNu361

Kitso
KS 361 more dollars i'd spend on your ring than docet, beth, cuz i'm employed!

I'm also employed - in fact, just got home from work. Not to mention i'm also rich

KSig RC · #6 10-30-2003, 05:46 PM

Quote:

Originally posted by ZTAngel
I think a "wise" Republican said in another thread that the present economy is due to the previous president's policies. So, if the economy is growing (which I just don't understand how due to all the unemployment, wages decreases, etc.), wouldn't that be because of good ole Billy Boy?

uh, no?

let's stop lauding presidents for economic growth, period, there's no foundation for it.

except for my keynesian brother, Ron dot reagan, he can stay.

damasa · #7 10-30-2003, 05:50 PM

Quote:

Originally posted by KSig RC
uh, no?

let's stop lauding presidents for economic growth, period, there's no foundation for it.

except for my keynesian brother, Ron dot reagan, he can stay.

Not allowed dude, you lose five points.

I agree with rudey and people saying weird shizzle.
But I can't give you any points this time.

GeekyPenguin · #8 10-30-2003, 06:02 PM

Quote:

Originally posted by AggieSigmaNu361
settle down there Hillary.

I was just joking, i've read before that Al never really said he created in the internet, (i think on snopes.com) i was just having fun.

but i am honored that you took the time to email your PoliSci prof to rebuke me.

Kitso
KS 361 times maybe i'll send a copy of decadence's posts to my history of western Rhetoric prof to see if he can decypher them

HAHA! We already had that email, I'm in a class called "Politics of the Internet" so naturally our good friend Al came up. And I'm way cuter than Hillary, tyvm.

GeekyPenguin · #9 10-30-2003, 06:04 PM

Quote:

Originally posted by bethany1982
Actually, Killa, here are the unemployment numbers...

(A WHOLE BUNCH OF STATISTICS FROM WHERE???)

Septmeber 2003 is at 6.4. Not great, but on the way down. October 2003 is not in yet.

According to the Bureau of Economic Analysis the Real GDP increased at an annual rate of 7.2 percent in Q3 2003, according to advance estimates. . Up, up, up... but the numbers lie.

Killa!

Provide a link. Where do those numbers come from? Also, anybody who's had Econ knows that unemployment figures really aren't counted correctly. And that's according to my NRA member Republican party belonging professor, just so you don't call me a whiny liberal.

MereMere21 · #10 10-30-2003, 06:19 PM

if the economy is "booming" why am I still broke

I keep hearing rumors this is going to be a good holiday season for retailers, but everyone I know is doing secret santa because they are oh so broke like me.

bethany1982 · #11 10-30-2003, 06:22 PM

Quote:

Originally posted by GeekyPenguin
Provide a link. Where do those numbers come from? Also, anybody who's had Econ knows that unemployment figures really aren't counted correctly. And that's according to my NRA member Republican party belonging professor, just so you don't call me a whiny liberal.

Why would I call you a whiny liberal? Have you ever seen me call you or anyone else a whiny liberal? Are you a whiny liberal? You can find the figures on the Department of Labor site. Unemployment has started a downward trend. Will it continue? Who knows? Would you like to see it 4% range anytime soon? I would. An NRA member, Republican party belonging professor, what a rarity!

GeekyPenguin · #12 10-30-2003, 06:33 PM

Quote:

Originally posted by bethany1982
Why would I call you a whiney liberal? Have you ever seen me call you or anyone else a whiney liberal? Are you a whiney liberal? You can find the figures on the Department of Labor site. Unemployment has started a downward trend. Will it continue? Who knows? Would you like to see it 4% range anytime soon? I would. An NRA member, Republican party belonging professor, what a rarity!

I didn't mean you, I meant someone who likes to call people whiny liberals approx. 361 times. And there are TONS of conservative professors at my school - they're the norm here. Then again, many professors here are also priests. There might be a correlation.

#13 10-30-2003, 07:52 PM

Quote:

Originally posted by GeekyPenguin
I didn't mean you, I meant someone who likes to call people whiny liberals approx. 361 times. And there are TONS of conservative professors at my school - they're the norm here. Then again, many professors here are also priests. There might be a correlation.

ahem

I never said WHINY liberal.

I have been known to call people hippie liberals, tree-hugging liberals, bleeding-heart liberals, and my personal fave: left-wing, tree-hugging, commie, pinko, Barbra Striesand, bleeding heart liberals

Please get that right.

Kitso
KS 361 times more fun it is to name call when people don't understand what you're saying

bethany1982 · #14 10-30-2003, 08:18 PM

Quote:

Originally posted by AggieSigmaNu361
ahem

I never said WHINY liberal.

I have been known to call people hippie liberals, tree-hugging liberals, bleeding-heart liberals, and my personal fave: left-wing, tree-hugging, commie, pinko, Barbra Striesand, bleeding heart liberals

Please get that right.

Kitso
KS 361 times more fun it is to name call when people don't understand what you're saying

LOL!

The1calledTKE · #15 10-30-2003, 08:50 PM

Yay for Democrats! Moderate and liberal ones!