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

'Best-Looking' GDP Drop You'll Ever See | krschuesslergovernment | 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.
Kirkland Schuessler's insight:

Although the GDP dropped for the fourth quarter, an increase in consumer and business spending shows that the economy is on the mend. 

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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 | krschuesslergovernment | 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.
Kirkland Schuessler's insight:

Consumer spending plays a very important role in the United State's GDP. Government spending also contains many different aspects such as defense that contribute to the GDP.

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Christina Breitbeil's curator insight, February 7, 2013 12:55 AM

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.

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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US ambassador Chris Stevens killed in Libya - as it happened

US ambassador Chris Stevens killed in Libya - as it happened | krschuesslergovernment | Scoop.it
US ambassador and three other American embassy staff killed after Islamist militants fire rockets at their car.
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U.S. Growth Halted as Federal Spending Fell in 4th Quarter

U.S. Growth Halted as Federal Spending Fell in 4th Quarter | krschuesslergovernment | Scoop.it
The government played a role in slowing the economic recovery as cuts in military spending and other factors overwhelmed the Federal Reserve’s expanded campaign to spur growth.
Kirkland Schuessler's insight:

A decrease in GDP does not always mean the worst, or that a recession is looming ahead. Many times, you must look at the differenct aspects of the GDP in order to understand what is going on with the economy.

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Bo Li_1's curator insight, February 6, 2013 12:50 PM

It seems that this article says the the government has significantly decreased in military spending. As a result, it seems that US economy will also suffer a decrease in GDP.

Andrew Alter's curator insight, February 6, 2013 6:51 PM

The economy may have shrunk, but it shrunk in the most unharmful way for the average American. Government spending substantially decreased,  notably in the military, which allows for future government spending in domestic areas.

Matt Kellogg's curator insight, February 6, 2013 9:57 PM

govenment cut a lot of defense spending. Economy didnt decline much considering how much was cut

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Republicans Nationwide Are Similar in Composition to 2008

Republicans in the 2012 election are very similar to the Republicans in the 2008 election. The Republican are more likely to be male, white, married, religious, and consider themselves conservatives. However, the choice of Mitt Romney as the Republican presidential candidate is based more on his strategy than on his profile.

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Daily Presidential Tracking Poll - Rasmussen Reports™

Daily Presidential Tracking Poll - Rasmussen Reports™ | krschuesslergovernment | Scoop.it

Before the Republican National Convention, Romney trailed Obama by two points. This Sunday, Romney has gained a four point advantage due to the bounce resulting from the Republican National Convention. Romney now leads in the poll 48% to Obama's 44%. I expected these results because of the excitement of the Republican National Convention and the polls will probably produce another bounce after the Democratic National Convention. 

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