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Politics : President Barack Obama
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To: tejek who wrote (125187)10/26/2012 1:44:01 PM
From: Joe NYC1 Recommendation  Read Replies (1) of 149317
 
And Q3 comes in at 2%.........what say you now:

I am glad that it is above the Q2 rate of 1.3%.

But 2% is no picnic. Average growth rate of the economy is 3.25% according to BEA. Which means that to get to the average after recessions, the recovery growth rate needs to be much higher than 3.25%.

So far this year, we have 2%, 1.3% and 2%. That averages to 1.77%. If this was a real recovery, we would be growing at 4% or higher. So this is no recovery.
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