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So much for predictions that the U.S. is in a recession.
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 0.6 percent in the first quarter of 2008, according to advance estimates released by the Bureau of Economic Analysis on Wednesday. In the fourth quarter of 2007, real GDP also increased 0.6 percent.
A recession is defined as a decline in GDP for two or more consecutive quarters.
Discuss the merits of liberal, conservative, libertarian, etc. political ideologies and politicians.
The Commerce Department's Bureau of Economic Analysis emphasized that the first-quarter "advance" estimate is based on source data that are incomplete or subject to further revision.
Ok fine. But if a democrat gets us out of an endless war and failed foreign policies I'll gladly eat bread and water every day. Not far from what I do now. It's spring, I can even make a dandelion salad.
Dinnstarr you know you are one my most respected contributors to this site. I 'thought' Obama had mentioned he wanted to get us out in a controlled fashion in a year or two. But I am frequently wrong.
Bringing Our Troops Home
Obama will immediately begin to remove our troops from Iraq. He will remove one to two combat brigades each month, and have all of our combat brigades out of Iraq within 16 months. Obama will make it clear that we will not build any permanent bases in Iraq. He will keep some troops in Iraq to protect our embassy and diplomats; if al Qaeda attempts to build a base within Iraq, he will keep troops in Iraq or elsewhere in the region to carry out targeted strikes on al Qaeda.
Originally posted by TheRedneck
Should we remove the minimum wage, quite a few people will see their wages drop, and that in itself would worsen their situation to the point of being unable to provide the basic necessities.
A common equation used to calculate GDP is as follows:
GDP = Consumption + Government Expenditures + Investment +Exports - Imports