Obama Hails New GDP, Talks Health Care Reform
Posted on October 31, 2009
Filed Under health care | 25 Comments
President Barack Obama is hailing new figures showing the economy grew at a 3.5 percent rate in the third quarter. In remarks to a small business group, Obama says he believes the new figures show that the recession is easing. (Oct. 29)
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25 Responses to “Obama Hails New GDP, Talks Health Care Reform”
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Pass this healthcare and that is another nail in the coffin of this republic. This government has taken contol of banks, financial institutions, two of the major US auto manufacturers. Do you really think Obama is worried for you and your healthcare. This is another step in his way to Socialism. Wake -up people before it’s too late which it may be already. He campaigned on CHANGE is this the change you really wanted?
Bush took a $4.3 trillion surplus and turned it into a $11.1 trillion deficit. The deficit is now $12.4 trillion. Bush took a 4% unemployment rate and turned into a 8% unemployment rate. Unemployment rate now is 9.8%. Oh yea and the Dow fell like a rock under Bush before he left office. I guess half this country is suffering fom selective amnesia. But America is not known for its expertise in history. Republicons try to rewrite history. They do not realize history is based on facts.
Thank God for Obama,oh yeah thats kinda redundent isnt it.What a joke these guys are,throw em all out
What surplus the one Clinton used the social security money to create,they all are crooks hungry for power time to revolt against thier marxist ways
Hey I really do not put much faith in numbers but all you little eichmans seem to think the numbers are going the wrong way. History could repeat itself or you could just make shit up as you go along.
Why do the idiots who support this government takeover assume that greed can corrupt capitalism but it cannot corrupt socialism?
Nope I am not implying that the fed ever worked. What I am stating is that it has gotten alot worse over the last year. Take for instance the monetizing of our debt. This has been done by printing billion dollar US Bonds by the treasury department selling them to a 3rd party and having the fed rebuy them with money they just printed. Our country is in worse shape than they let on.
GDP 3.5% means nothing when you have more DEBT than savings.
This “growth” is artificially hyped.
Like giving cocaine to a person who is exhausted… Can work for some time but the consequences are worse.
Adolph Hitler?…….
If you recite it then be proud to be ONE with it…. Downthedrain08
Let’s hear more of your teaching!
Yes! That’s the answer!! The government spends money like there is no tomorrow and that improves the economy! What a crock of Horseshit!
I will not believe it unless everyone can keep a well paying job again.
LOL this is truly a bogus number.
I can’t believe people stole money from children, great grandchildren, disability, disable, sufferings…. They can’t even afford to buy anything from living standard. They worked soo hard in school and walk away bunch of things.
Who whole education system is fucked up by convert them into socialism.
Better to fly to Canada, Brazil, Europe, Austruslia, China, Japan,even country that doesn’t suffer hard recession.
Total cars sold for 2009 Q3 and Q4: 690,000 cars.
Edmunds projected that w/o CFC, total sales for the same period would have been 565,000 cars.
Amount federal gov’t spent on CFC $3,000,000,000
So, essentially, the federal government dumped $3B to get the economy to purchase a net gain of only 125,000 cars
That means the cost per net auto sale gained ($3B/125,000) is equal to $24,000
The great masses of the people will more easily fall victims to a big lie than to a small one. Adolph Hitler
Obama stole $14,000,000,000.00 from your grandchildren then gave it to housing loans and car loans to people who cant afford it and will lose it anyway. This growth’ is another lie. I guess there are enough really dumb americans who believe this smoke n mirrors crap to keep producing it,
The growth is from the tele-prompter mantainence sector and the new inovations in neck exercise equipment.
a few things lauren sue in the lebouhner hospital and im not there my child needs your helthcare together with mine im not sick my blood work is frasier healthcenter Rion i said hy/my secret let no defense down learn lauren prebioticsAnthorton
Lots of creative liars. It’s shame people know nothing about hyperinflation.
This GDP shrinkage is joke on Americans. Where’s Consitution tradition?
Fuck Socialist!!!
abarzila- Dont bother arguing with bafoons.
His policies have worked? Are you nuts? Its called cyclic recovery and it happens after every recession once it bottoms out and when work forces have laid off enough workers.
Im not rich and I didnt suffer during the Bush years. I actually thrived with his tax cuts for EVERYONE and personal freedoms I got to enjoy. Get your head out of the clouds.
USA is doing well ,now its time for UK
GONE to crap?? are you implying that the fed ever worked?? bc if so, fdo a little research…it didnt
What was the unemployment rate during the Bush years?
LOL!!! Our economic growth is based on the US dollar which keeps dropping because you idiots keep printing it. 900billion in circulation before Obama now 1.4 trillion. Our economy has not grown the tool you use to measure it with has gone to crap.
The third quarter is really the first quarter where President Obama’s economic policies have affected the American economy. The growth rate shows that his policies are moving the country in the right direction.
Under Bush, the wealthiest five percent did well until the last two years and even they suffered from his policies, but the other 95% had nothing but suffering during the entire eight years of the Bush Administration. So far, about 75% seem to have benefited from this administration.