► Show Top 10 Hot Links

Posts Tagged ‘The Obama Boom’

« Older Entries
Newer Entries »

The Obama Boom: The Media celebrates 2.5% growth in Q3

by Phantom Ace ( 4 Comments › )
Filed under Barack Obama, Democratic Party, Economy, Headlines, Progressives at October 27th, 2011 - 10:23 am

The Obama Boom is back! The media is celebrating the fact the US economy grew at a 2.5% rate in the 3rd Quarter.

US economic growth increased at its fastest in a year in the third quarter as consumers and businesses set aside fears about the recovery and stepped up spending, creating momentum that could carry into the final three months of the year.

At the same time, slightly fewer people sought unemployment benefits last week, though level remains elevated above 400,000.

Though part of the increase came from the reversal of temporary factors that had restrained growth, the expansion was a welcome relief for an economy that looked on the brink of recession just weeks ago.

U.S. gross domestic product expanded at a 2.5 percent annual rate in the third quarter, the Commerce Department said in its first estimate on Thursday. That was a big acceleration from the 1.3 percent pace in the April-June quarter and matched economists’ expectations.

Good times are here again! Seriously, 2.5% growth is nothing to brag about. This will not stop the media from declaring things are good again and that Obama is an economic genious . If the economy keeps up at this pace, the media will tell people how good things are in America.

Tags: ,
Posted in Barack Obama, Democratic Party, Economy, Headlines, Progressives | 4 Comments »

The Obama Boom is back! Media proclaims things are good!

by Phantom Ace ( 54 Comments › )
Filed under Barack Obama, Business, Economy, Media, Progressives at October 13th, 2011 - 8:30 am

The Obama Boom refuses to die! Despite months of bad economic data the media refuses to give up on the theme. The new ray of hope for the Obama Boom is the recent stock market surge. They are interpreting this as the economy is good now and we are in boom times.

Wall Street continues to benefit from receding fears of a double-dip recession in the U.S. Those concerns have faded as recent indicators show stronger-than-expected growth in employment, manufacturing activity and retail sales.

“The economic data out of the U.S. has been pretty decent and suggests we are not in a recession,” David Joy, chief market strategist at Ameriprise Financial, told FOX Business. Joy, who said he has a year-end S&P target of 1250, down from 1345 previously, added, “There is a chance to break out to the upside here, but we have some heavy lifting to do.”

Read the rest: Dow Soars as Double-Dip Fears Continue to Fade

I wonder if real Americans have been asked if things are good. polls show Americans think the country is on the wrong track. Despite these  facts you get ridiculous stories like this one claiming things are good. I hope this writer is getting paid good money.

The article is like the Obama Boom, it’s an outright lie.

Tags:
Posted in Barack Obama, Business, Economy, Media, Progressives | 54 Comments »

The Obama Boom continues!

by Phantom Ace ( 60 Comments › )
Filed under Barack Obama, Business, Economy, Progressives, Socialism at September 30th, 2011 - 11:30 am

The greatest economic comeback since the times of the Roman Emperor, Justinian, continues. Despite the hype from the media, it is clear the economy is just treading water. Personal income dropped and spending has slowed because of it. The average American is becoming poorer as a result of this anemic economic growth. The American dream is withering on a vine and the media acts as if things are not that bad.

U.S. incomes fell for the first time in nearly two years in August and consumers dug into their savings to keep spending, according to a government report that showed the impact of the weak jobs market.

The Commerce Department said on Friday spending rose 0.2 percent, in line with economists’ expectations, after increasing 0.7 percent in July. When adjusted for inflation , however, spending was unchanged after rising 0.4 percent in July.

Consumer spending accounts for about 70 percent of U.S. economic activity.

Income slipped 0.1 percent, the first decline since October 2009, with private wages and salaries dropping $12.2 billion after increasing $23.8 billion in July.

Economists had expected income to edge up 0.1 percent.

Read the rest: Prices Rising, But Spending Slows as Income Posts Drop

The Obama Boom continues to roar!

Tags: , ,
Posted in Barack Obama, Business, Economy, Progressives, Socialism | 60 Comments »

The Obama Boom Returns!

by Phantom Ace ( 7 Comments › )
Filed under Economy, Headlines, unemployment at September 9th, 2011 - 9:28 am

The media refuses to give up on their Obama Boom theme. Despite evidence we are in a depression, The Progressive propaganda machine refuses to accept the truth. Instead, they now are doubling down on the Obama Boom lie. Their so called “economics” are calling for growth of 2% or more!

The race to the bottom in picking economic growth figures this year seems to have stopped nearly as quickly as it started.

No, that doesn’t mean that economists suddenly believe US gross domestic product will hit the pace it normally would see two years after the end of a recession.

But Wall Street’s biggest names have backed off earlier doom-and-gloom predictions of near-zero growth and now believe the economy at least has a better chance of avoiding an outright recession.

The impetus for the optimism: Thursday’s trade balance report which showed that the US deficit unexpectedly slid to $44.8 billion in July from $51.6 billion in June, primarily on the strength of a 3.6 percent surge in exports.

Nomura Global economist Aichi Amemiya was one of the first out of the gate, pushing his third-quarter forecast from 2.4 percent GDP growth to 2.6 percent.

The OBama  Boom is a myth that refuses to die.

Tags: ,
Posted in Economy, Headlines, unemployment | 7 Comments »

« Older Entries
Newer Entries »