Stocks slip after US economic growth disappoints

Makes you wonder why the market went up as far as it did.

We are to assume all the articles puffing the economy in the last two weeks are bogus.

What happened over night from Tuesday to Wednesday? Tuesday Evening Mr. OWEbammy was telling us how well his programs had by working. By Wednesday afternoon the FED chief was telling us he had to keep interest rates at zero for the next two years to stimulate the economy. There must have been a terrible event overnight to cause these divergent views.

The most recent GDP report lied about inflation to boost real economic growth. The GDP defaltor used was 1.9%. Only problem is the most recent inflation data showed a rate of 3%.
Adjust gross GDP for that, and Obama's stimulus spending and quantitative easing has brought real growth in the economy down to 0.4%. This fool is the price we pay for letting stupid people vote.

And this is news?

Yeah, the economy grew to be a midgit.

5 consecutive weeks of oil builds. Price still at 100 barrel. It doesn't take an advanced degree to figure out that #$%$ Bernanke and 0 interest will never address the real issue.People do not have more money to spend. Spending represents 70 percent of the economy.Commodities taking the bite out of the consumer at every level. Put the interest rate back to 2 percent. Don't dole out money to banks at 0 percent so they can use it to speculate. Last but not least. Learn from your mistakes and do not repeat them.

Wonder what would happen if all the CEO's of companies that got bailed out had to reveal their tax returns and stock holdings....

Nice end of day ramp. Your grandkids' tax money hard at work. Thanks Ben.

Didn't the Pres say America was back? More empty words from the talker in chief. I don't want 4 more years of talk.

@Tweek, the Social Security tax break was NOT part of the stimulus. They are two separate things.

@Joe, yes tax payers are paying for the stimulus, but doesn't that apply to ALL tax cuts in some form or another through either higher interest payments and/or decreased benefits like higher tuition/fees at state university for example?

@James, what are you babbling about? The stimulus was essentially 3 roughly equal parts. 1) tax cuts, 2) aid to states for extended unemployment, education and other benefits (which is I assume what you're referring to) and 3) grants and loans for "shovel ready" projects.

GDP is up, but debt is up much more. Every year the Federal government is borrowing almost 10% of GDP and spending it. But GDP at best grows at 3%. This is just the federal debt. Add to that the cities, companies, individuals and it becomes a very dark picture. Google for "DEFLATIONARY CRASH" to understand why the economy cannot carry the burden of this debt. Before the crash $6 of debt would push GDP up a paltry 1 dollar. Now it is worse.

This number will be revised downward in a few weeks! Always happens....print the bogus number first then the real number weeks later and hope no one notices!

Major haircuts coming to all markets especially Europe.

This economy has no legs........Why would it? Nothin has been done to boost GDP. Obama stacks on debt daily and is a total failure. You are a fool if you vote for him. By accident we will see little signs of good news, but then even a broken clock is right twice a day. Get a conservative in office and watch the floodgates of cash open to equities. I know I am waiting.

My guess Fed announcing 0% interest rate until 2014. Guaranteed cheap money to spur the markets through the 2012 election and an huge tranparent effort to keep Obama in office.

The USA will be downgraded next.

Obama lied! He told me everything is aok

How come almost every one of these projections comes in below expectartions? Don't the projectors know what they are doing?

US economic growth disappoints? What growth. The grass in my yard that's covered with snow is growing faster.