U.S. GDP booms at 33.1% rate in Q3, better than expected

Discussion in 'Current Events' started by Talon, Oct 29, 2020.

  1. Talon

    Talon Well-Known Member Past Donor

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    More bad news for the Biden Crime Family and its supporters:


    The previous post-WW II record was 16.7% in the first quarter of 1950.

    So much for the "crash" Lefties were babbling about earlier this week...
     
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  2. Talon

    Talon Well-Known Member Past Donor

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    Oh, NOOOOSSSSS!!!! Weekly jobless claims fell to 751K - their lowest since March! :eek:

    Long Dark Winter and Democratik Doom & Gloom!!


    U.S. weekly jobless claims total 751,000, vs 778,000 expected
    PUBLISHED THU, OCT 29 2020

    The number of first-time unemployment-benefits filers fell to the lowest level in the pandemic, declining for a second straight week, the Labor Department reported Thursday.

    Initial weekly U.S. jobless claims came in at 751,000 for the week ending Oct. 24, down 40,000 from the previous week. Economists polled by Dow Jones expected initial jobless claims to come in at 778,000. It was the lowest initial claims total since the week of March 14, when they came in at 282,000. Economists polled by Dow Jones expected 778,000 new claims for last week.

    https://www.cnbc.com/2020/10/29/weekly-jobless-claims.html
     
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  3. icehole3

    icehole3 Well-Known Member

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    When will you thank me for the recovery which is clearly mine and Joe Bidens work?
    [​IMG]
     
  4. zelmo73

    zelmo73 Banned

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    Cue the “economic bubble” excuses in 5....4....3....2...1...
     
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  5. camp_steveo

    camp_steveo Well-Known Member

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  6. camp_steveo

    camp_steveo Well-Known Member

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    Imagine the numbers without blue states remaining locked down.
     
  7. Talon

    Talon Well-Known Member Past Donor

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    [​IMG]

    As if we needed reminding that Obama is wrong about EVERYTHING...
     
  8. grapeape

    grapeape Well-Known Member Past Donor

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    You know unemployment is still at 8% right ? It peaked at 10% in 2010 when we had the great recession. I KNOW Covid isnt Trumps fault, but lets at least be honest about where we actually are

    Things have gotten a little better in the number of jobless CLAIMS (growth), but we also just set a record for CV cases, which means that closures will start again. Im optimistic, but lets make sure we use all the data before we pop the cork on the champaign
     
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  9. Talon

    Talon Well-Known Member Past Donor

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    Some serious voter's remorse going on there.

    Clawing back votes: 8 states allow voters to resubmit ballots
    https://www.foxnews.com/politics/states-voters-resubmit-absentee-ballots

    Michigan, Wisconsin and Minnesota are on the list.

     
  10. mdrobster

    mdrobster Well-Known Member

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    Does this mean the precautions for the virus have no affect on the economy :)
     
  11. camp_steveo

    camp_steveo Well-Known Member

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    I think early voting should be frowned upon for this very reason. I guess it's a person's right to screw up their own vote, but it definitely could have a negative effect on the rest of US.
     
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  12. Talon

    Talon Well-Known Member Past Donor

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    Based on my own observations of the businesses in our area, I think these numbers would have been lower if a lot of businesses didn't blow off their lockdown orders.
     
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  13. Talon

    Talon Well-Known Member Past Donor

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    Agreed.

    I was talking to my wife about this last night and I opined that the only people who should be voting long before Election Day are partisans who are going to vote for their candidate regardless of what happens before Nov. 3rd. Obviously, this was/is a bad move for a lot of swing voters, especially if they voted in-person. There's no clawing those votes back.
     
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  14. ButterBalls

    ButterBalls Well-Known Member

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    That's pretty much what's happening anyway, Nov 3rd will see a huge turnout ;)
     
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  15. DaveBN

    DaveBN Well-Known Member

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    People have had more than three and a half years to make their minds up about Trump. Early voting here in Texas began mid October. If trump couldn’t win people over prior to a month before election what makes you think he could do it now? Early voting is good because it allows people to spread out their visits to the polls, reducing wait times on Election Day, and actually get there at a time that works for their schedules.
     
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  16. nopartisanbull

    nopartisanbull Well-Known Member

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    Can money buy happiness?

    Let’s see;

    Cost of government-induced recession and turn-key recovery;

    Covid19 FY2020 Deficit; $2 trillion over 6 months

    Covid19 FY2021 Deficit; $2.2 trillion

    Federal Reserve rescue/recovery package; $2.1 trillion over 6 months

    Grand total; Minimum $6.3 trillion

    Thus, can money buy happiness?
     
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  17. Talon

    Talon Well-Known Member Past Donor

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    I think so, too - for Trump, at least.

    I'm still trying to gauge how many Bernie Bros are going to give Quid Pro Quo Joe and the DNC the middle finger...
     
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  18. Talon

    Talon Well-Known Member Past Donor

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    What you're conveniently overlooking is the fact that Trump has an opponent in this race and people haven't had three years to make up their mind about him and his ideas. Furthermore, judging from all the people who are thinking of retracting their early votes, it appears that the recent revelations surrounding the Biden Crime Family's influence-peddling racket and the efforts on the part of the Leftist media to keep them in the dark about it have changed their thinking.

    As for early voting, I did so in-person myself, but I'm not a swing voter and I knew Joe Biden was corrupt long before his son's e-mails hit the fan and one of his business partners stepped forward to corroborate their content.
     
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  19. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Still way to go to get back to pre-covid levels. But, as usual, Trump and fans don't accept any blame for the drop in Q1 and 2, but they claim credit for the gain in Q3. Same old, same old. Must be easy to live in a bubble where there is only good news, and all bad news are fake.
     
    Last edited: Oct 29, 2020
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  20. DaveBN

    DaveBN Well-Known Member

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    Biden has been a known quantity for several decades now. There are very few voters that didn’t have an opinion of him prior to this election. Just seems like disappoint that there are votes that won’t have a chance to be suppressed by an October surprise.
     
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  21. Lesh

    Lesh Banned

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    The market is tanking because we are facing another shutdown and have no Covid relief package in place
     
  22. Talon

    Talon Well-Known Member Past Donor

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    [​IMG]

    DJIA
    26,588.02
    ▲ 68.07 (0.26%)
     
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  23. ronv

    ronv Well-Known Member

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    Pretty easy to get a big number when you compare to a terrible number.
     
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  24. camp_steveo

    camp_steveo Well-Known Member

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    The cure can not be worse than the disease. -Trump
     
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  25. Spim

    Spim Well-Known Member Past Donor

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    +341 now
     
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