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What's making US economy a world beater? 5 factors



WASHINGTON (AP) -- How does the U.S. economy do it?

Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains.

Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited.

Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 percent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains - the first in nearly 15 years.

After having shrunk at a 2.9 percent annual rate from January through March - largely because of a brutal winter - the U.S. economy is expected to grow at a healthy 3 percent pace the rest of the year.

Here are five reasons the United States is outpacing other major economies:

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Wazzzup? July 05 2014 at 7:35 PM

Total B/S! Our economy is humming along....someone is in LaLa Land.

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42 replies
carocarpenter July 05 2014 at 7:36 PM

What a crock. One month of job growth doesn't mean squat! The unemployment rate is actually double what they say to make d head look good. People have given up and gone on disability or retired early and they don't count them anymore. Wages are far less too. Manufacturing pays about $9 compare to $15 or $16 in the 90s. I make the same money made in 2000. They are so full of ****.

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41 replies
dapalmlv July 05 2014 at 7:38 PM

Because we have a better leader than those other countries. I economy was in the toilet in 2008 thanks to Bush and the GOP but most people don't want to face the truth Obama saved this country's economy without the help of one GOP jerk on the right. They are nothing but haters, racists, and obstructionists! Time people wake up to the right wing and how they want to destroy the economy once again feeding tax breaks to the rich!

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50 replies
mntncougar July 05 2014 at 7:38 PM

Anyone who thinks this economy is humming must have moved here from a third world country.

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51 replies
Gus Richards July 05 2014 at 7:42 PM

Gee, maybe who ever is making all those statements about how good thing are in this economy ought to talk to the people around the country. There are 10's of millions of them that will tell you that they are worse off today than they were 6 years ago. The stat people trump up the phony jobs created each month, yet that same month there are still more people filing for unemployment. When we have more people filing for unemployment that there were jobs created doing every month, how is it that the economy is getting better? Just because the stock market is going wild again, it doesn't mean much to the average American. Once again the government, and the media ,are trying to convince the people the country is doing better than it really is, when the majority knows better.

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28 replies
Curtis July 05 2014 at 7:44 PM

Simply said, the US might be doing better, but we don't know that for sure because we are relying on the biggest liar and his administration in the history of the US. The only illusion of success we have is based on the funny money the government keeps printing; thereby undermining the value of the dollar all over the world. We don't even bring in enough money to pay the INTEREST on the massive debt we have to China let alone anything on the principle. We are broke ---; maybe the other countries are "broker" than we are, but we are not doing well. One of these days, our devalued dollar will no longer be the "currency of the world", and it's not that far away.

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29 replies
bentbouy1 July 05 2014 at 7:31 PM

I dont believe it myself. Obama must have siad this in one of his lying fundraisers

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21 replies
blueeyesolsen July 05 2014 at 7:45 PM

Pure god damned propaganda! There isn't a word of truth or factual information in that bunch of claptrap. The one tenth of one per cent are getting rich(er) by the hour and the working class poorer as a result. The money printing is actually a loan whose collateral is the work product of those few who are still gainfully employed, or whoever ever will be gainfully employed. We're now mortgaging our great grandchildren's great grandchildren's great grandchildren with a debt impossible to be repaid from the date the "FED" started loaning the government money. It's not possible to borrow yourself rich. Mr. Wiseman is either a damned liar or a perfect idiot.

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2 replies
gryczer blueeyesolsen July 05 2014 at 8:00 PM

Thank You!!!!!!!!!

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Richard blueeyesolsen July 05 2014 at 9:39 PM

I guess we should rewrite the article. China has been cornering gold. Wake up!

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leslie July 06 2014 at 11:48 AM

The 36 employees I let go 4 years ago, for some reason find this hard to believe.

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Tom July 06 2014 at 8:32 AM

US economy humming? What Obama representative wrote this article?

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1 reply
blusasha Tom July 06 2014 at 8:33 AM

George Soros.

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