Weak growth and Fed statement point to a still-lackluster economy

  • Article by: CHRISTOPHER S. RUGABER , AP Economics Writer
  • Updated: July 31, 2013 - 4:45 PM

WASHINGTON — A key government report and a statement from the Federal Reserve made clear Wednesday that the U.S. economy still needs help.

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theagonybhoJul. 31, 13 7:52 AM

GDP 1.7 and revised down to 1.1 for the first quarter, embarrassing Obama numbers.

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ubetcha101Jul. 31, 13 8:59 AM

Good News for all! We all need to get back to work. Lots of debt to pay back for nation and individuals.

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edcommentJul. 31, 13 9:20 AM

Looks good for 2014. Steady progress each quarter with zero help from the repubs. Let's all recall this when it's time to vote. They fought every initiative and continue to try to repeal the health care law which lots of working poor desperately need.

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dorkfacedJul. 31, 13 9:25 AM

Another sequestor or ten and we might start digging out of that massive Federal debt...but I doubt it will ever happen.

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pitythefoolsJul. 31, 13 9:31 AM

I love how the right can spin this. They demand cuts in spending, then blame Obama for low GDP due to cuts in spending! Really people, did you not see this coming? C+G+I+(Net exports)=GDP. Guess what happens when you cut "G"!

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fightngopherJul. 31, 13 9:50 AM

So when the government spends more (has fewer cuts), the economy improves? I thought Republicans knew everything about the economy and always told us that the government should spend less in order to improve the economy?

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dogmanJul. 31, 1310:00 AM

"Another sequestor or ten and we might start digging out of that massive Federal debt" -- it worked so well in Europe..

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boozlesJul. 31, 1310:03 AM

This is bad news for the eco-terror GOP. Those numbers were supposed to be completely negative with no gains in economic growth. Looks like America has moved on and left the Republicans digging their heels in the dirt. Why does the GOP hate America?

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scubadoo68Jul. 31, 1310:29 AM

You could have a 20% increase and someone will still try to find a way to blame whomever happens to be the president at the time. All I can say is that I'm see far lesser empty store fronts than a year or two ago.

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lizardbrainJul. 31, 1310:37 AM

The Fed is still printing $85 billion every month and our country has record levels of debt, of course our GDP is still "growing". The big question is what is going to happen when the Fed begins to taper? This is much bigger than a left vs. right issue as everybody likes to make it out to be.

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