It won’t last: Exports, government spending buoy growth

December 20, 2012

Your tax dollars propping up a weak economy. That’s not the growth your grandfather had in mind.

The U.S. economy grew faster than previously estimated in the third quarter as exports and government spending provided a lift, but that boost is likely to be lost amid slowing global demand and a move towards tighter fiscal policy.

A second report on Thursday suggested job growth remained modest, with first-time applications for state unemployment benefits rising last week. However, they were in the low end of their range before Superstorm Sandy struck in late October.

via Exports, government spending buoy growth | Reuters.

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  1. Kadushi says:

    Exports are bad? What a hack…

    • Patriot says:

      But they SAY this is bad. So, it must be. Because they are learned stewards of the economy. If Willard M. Rmoney was elected, however, they’d be screaming that this was reflective of market confidence no that a “job creator” was coming to save us with his manly musk, bona fide whiteness, and 100% heterosexuality.

    • Ragspierre says:

      What the FLUCK ARE you morons raving about here…???

      Where does someone say exports are bad, idiots?

  2. Steve says:

    Feel Good Story of the Day: “Layaway Angels” return to Kmart…