GDP growth exceeds expectations, +2.0%

[blacken700]

For third quarter.

This is a good number for Obama!

Economists predicted +1.8%.

[flipper5470]

It's a shit number....and it causes me to yet again question the latest jobs report.  2.0% GDP expansion (driven largely by government expenditures) is not nearly large enough to support a legit drop in UE from over 8% to 7.8%.

So far as Obama goes...George H Bush had an economy growing at a 4% clip in 1992 and he got voted out.

[Kazan]

If our expectations are so low that .2% increase is to be celecbrated we are fucked

[Necrosis]

If our expectations are so low that .2% increase is to be celecbrated we are fucked

you are coming out the biggest recession since the great depression, honestly dude, I don't think have tempered views is a problem.

[Kazan]

you are coming out the biggest recession since the great depression, honestly dude, I don't think have tempered views is a problem.

Well until the number gets revised down to the surprise of everyone