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'Best-Looking' GDP Drop You'll Ever See

'Best-Looking' GDP Drop You'll Ever See | AP GOPO!!! | Scoop.it
Negative economic growth in the fourth quarter provided a scary headline to start Wednesday's trading but probably little else in market impact.
Christina Breitbeil's insight:

Despite the fall in the nation's GDP by 0.1%, the state of the economy can be considered in a relatively satisfactory position.  Most of the spending cuts did not involve consumer and investment spending, so that sector of the economy is flourishing.  This is a step towards a fully renewed state of economic stability.

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Zachary Beery's curator insight, February 7, 2013 11:46 AM

This article says that th recent drop in GDP isn't that bad cause it is mostly due to the recent cut in goverenment spending. this is pretty much just the drop before the big leap that hopefully comes soon.

Sarah Nguyen's curator insight, February 14, 2013 4:58 AM

Even though the GDP has dropped at .1 percent, it is reassuring to know that it is largely because of government spending and business inventories. Consumer spending and the private sector in general was able to grow more than the previous quarter, even despite the natural disaster Sandy.

Patrick Demitis Brown's comment, February 21, 2013 12:06 AM
GDP is probably going to be just as low or lower in the second quarter, once we've gotten rid of the payroll tax cuts. Im not sure how our congress isn't doing anything about that, this will increase taxes, defense spending going down, the number of consumers able to spend will go down and GDP will go down more sooo......
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The only chart you need on the GDP report

The only chart you need on the GDP report | AP GOPO!!! | 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.
Christina Breitbeil's insight:

This graph was very interesting to observe, because it offered insight into the complexities behind the number that is the collective GDP, which in this article is a fall in 0.1%. It was significant, in my opinion, that although the total GDP was a decrease, consumer and investment spending is doing exceptionally well. This just goes to show that the economy may be somewhat more stable than how it appears on the surface.

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Raneem Hamdan's curator insight, February 7, 2013 12:06 AM

The graph that was illustrated for the readers in this article does a good job of showing the balance and the components that work together to create a better economic recovery through an analysis of the GDP . It also easily does a good job of displaying the idea that consumer spending is the biggest aspect when computing GDP.

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.

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National trend shows lack of Southerners in politics

National trend shows lack of Southerners in politics | AP GOPO!!! | Scoop.it

This article outlines how political power in the South has been diminishing because we have not had any leaders in politics from the South in an astonishingly long period of time- no president or VP since George Bush.  The last time we have gone two elections in a row without a southerner on one of the tickets was when Franklin Roosevelt was winning his multiple consecutive terms.  The article suggests that this is because the South is often focused on being against something, and I agree with that.  I think that with the emergence of a new, younger generation (and by the statistics- more democratic), we will begin to see a shift from Republican leaders in the south to Democratic leaders, and I foresee those leaders emerging in the future elections.  

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Losses Are Actually Gains, And Other Weird Facts From The Jobs Report : NPR

Losses Are Actually Gains, And Other Weird Facts From The Jobs Report : NPR | AP GOPO!!! | Scoop.it
Nobody knows exactly how many jobs the economy added (or lost) last month. Here's how to make an educated guess.
Christina Breitbeil's insight:

This article walks the reader through the process of understanding the truth behind the numbers and statistics put forth by the government.  Although the unemployment rate can seem as if it is plummeting to new heights, there is often an explanation that is unaccounted for. As it explains in the article, the recent spike in unemployment is caused in part due to the loss of jobs created specifically for the holiday season.  Alterations such as these can cause statistics to be, at times, inaccurate.

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Nicole Stankus's curator insight, February 5, 2013 10:53 PM

This article discusses the fluctuating trends in jobs and unemployment. The article states that the US loses millions of jobs ever January in good time and bad, but why were 157,000 jobs added last month? That last statement may be false, we don't know how many jobs the US adds since no survey can cover every American in the work force. We can only assume as to the accuracy of the surveys and in the end over several months it all averages out. In the end, one must not panic at one month, but rather look at an average of months to conjure more accurate data.

Adan Huang's curator insight, February 6, 2013 12:51 PM

I agree with the idea that reports can be very inaccurate as the article explains that the surveys for added jobs are conducted through certain types of businesses, leaving out other sections/types of employment. Unemployment rate surveys are conducted through individual households, in which each holds slightly different definitions of unemployment. The fact that previous reports have been so far off from the actual number can promote a more positive outlook on our current economy. At the same time, it also means that both the employment and unemployment rates can be far worse than we think they are.

Alex Metzger's curator insight, February 6, 2013 3:10 PM

This article provides great insight on the unemployment number that is so commonly kept up with. The background to where the numbers that constitute the unemployment rate drastically helps as to how serious to take this estimated percent. Though the article proves these numbers to not always be accurate, but also it provides an understandment that these numbers are probably the best guess that anyone could have.

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TV Ad Spending on Presidential Race Surpasses Two-Thirds of a Billion

TV Ad Spending on Presidential Race Surpasses Two-Thirds of a Billion | AP GOPO!!! | Scoop.it

Spending on TV Ads for the presidential race has recently exploded in certain states, mostly swing.  For example, this week spending for Obama and Romney combined has reached almost 10 million in the states of Florida and Ohio.  Obama's reelection campaign has been outspending Romney's reelection campaign by a margin of about $160 million, but Romney's backers (such as the superPAC, Restore Out Future, Crossroads GPS and American Crossroads) have made up for the difference with their huge amounts of Ad spending.  In total, Obama and his backers have spent $325 million and Romney and his backers have spent $352 million, on TV Ads alone.

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RealClearPolitics - Election 2012 - General Election: Romney vs. Obama

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