Economic Growth: Great For America, Bad For Republicans

The U.S. economy is on the rise faster than expected in the third quarter. It expanded at a rate of 2% which was boosted by a burst of residential investment, government spending and an uptick of consumer spending. Any good economic news is bad for Republicans as they have been bashing President Obama’s economy for 4 years now even though GOP policies put America in this hole.

Another reason for better economic numbers is that exports are catching up with imports. The gross domestic product is the best measure of all goods and services. So the numbers are better than expected but there is still a long way to go before the U.S. will have stable long-term economic growth.

There are a few things that are not measured with the GDP numbers such as the intensity of poverty, life expectancy, income equality, child care, crime costs and civic work. It has more to do with trade imbalances, natural resources, benefits of savings, and debt and deficits.

Consumer confidence is another important factor and right now it is rising. For the first time in years more people say they are better off than the year before. The U.S. is on the rise but still needs to address some important issues such as a long-term debt deal, revamping the tax code and passing a few jobs packages through Congress.

The GOP has proudly been blocking everything the President wants to do. They have no conscience when it comes to the security or financial standing of the United States. Their Un-American actions have hurt everyday people, mostly the middle-class. President Obama is trying move the country forward, which is directly opposite of the GOP message.

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Posted by on Oct 26 2012. Filed under Featured News, Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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