AP Macro
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Democrats Scramble to Blame GDP Plunge on Republicans

Democrats Scramble to Blame GDP Plunge on Republicans | AP Macro | Scoop.it
In an attempt to get out in front of startling GDP contraction, Democrats are scrambling to blame the unanticipated growth plunge on spending cuts, not President Barack Obama's trillions in federal spending that have accelerated the need for...
Alexa Moritz's insight:

It is dissapointing to see politicians once again pointing fingers instead of just examining the data, and realizing that these numbers are quite good.

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Patrick Demitis Brown's comment, February 20, 2013 11:31 PM
dont understand why were cutting spending in the first place. were in a recession, so wouldn't spending create economic growth? and how is Mr. Alan Krueger going to blame a decrease in our quarterly GDP on hurricane sandy? wouldn't the need to increase spending(on human labor and rebuilding) in government, and business on re
Patrick Demitis Brown's comment, February 20, 2013 11:32 PM
actually increase overall GDP?
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The only chart you need on the GDP report

The only chart you need on the GDP report | AP Macro | Scoop.it
Last quarter's GDP report has been been called "the best-looking contraction in US GDP you’ll ever see." Here's the exact picture it paints.
Alexa Moritz's insight:

Economists claim that the current high contraction in the GDP is not as bad as it may seem. Important to note that consumer spending is the biggest number--- possible test question.

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Zachary Beery's curator insight, February 7, 2013 11:44 AM

This chart shows the percent change in each department of the GDP. Whether it is going up or down. It shows an increase in consumer spending so that is a good sign for the economy.

Sarah Nguyen's curator insight, February 13, 2013 8:09 AM

This article and it's graph of the breakdown of the GDP is very reader friendly and easy to understand. It is very clear and obvious that the components of the GDP that are making the whole suffer the most are business inventory and federal defense spending. While reading, there was one comment by another reader that especially caught my eye. They reasoned that because many people were anticipating a pro-business Romney to win the election in the third quarterr of 2012, they planned ahead with increased inventories and expansion.

Patrick Demitis Brown's comment, February 20, 2013 11:43 PM
I'm not sure if disappointing is the correct word to describe the drop in GDP, I think "expected" fits better. since we've all known obama has been pushing to cut billions of dollars in defense spending which the chart clearly shows. that means there is that much less goods being produced and that many less people in the workforce not getting paid or able to act as a consumer in our economy.
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Employment Situation Summary Table A. Household data, seasonally adjusted

Employment Situation Summary Table A. Household data, seasonally adjusted | AP Macro | Scoop.it
Alexa Moritz's insight:

A comprehensive look at today's unemployment numbers. I recognized "Civilian noninstitutional population" as Working Age Population. Teenagers had the highest unemployment rate, most of which are probably frictionally unemployed.

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David Cohen's curator insight, February 6, 2013 1:32 AM

This gave some very useful information about unemployment rates. It shows all the different minorities and the percent unemployment for each minority. The highest and most shocking one was teenages ages 16-19. There is a significant amount of unemployment that is present.

Randal Scroggins's curator insight, February 6, 2013 10:50 PM

Chart of all the job statistics including demographics. Increase in the labor force along with fairly constant employment-population ratio. Hopefully that unemployed percentage will continue to decline

Raneem Hamdan's curator insight, February 7, 2013 12:23 AM

The country's economy based on the article and statistics gives us insigh tas to how our economy is slowly recovering, yet is often impared by small and sudden drops and impediments that breifly stop the process of alleviating the condition of the economy. Overall, this is a good article displaying the irregular patterns within our country's business style.