Dan Gilmore / August 27, 2015

Are Second Quarter GDP Numbers as Good as It Gets?

One number does not a good economy make.

Well, it’s certainly welcome news after the markets dipped in response to China’s economic woes. The Commerce Department said Thursday the Gross Domestic Product improved by 3.7% in the second quarter. That’s over a full percentage point higher than the 2.3% GDP the department predicted in July. Even though the numbers represent our economy’s performance weeks before Black Monday, it shows an economy finally surprising economists in a good way. But is it true, or will this number be “revised” downward just as in previous quarters? And if true, will it last? Can the U.S. only muster 2%, maybe 3% growth? Economist Nariman Behravesh told The New York Times that our economy may hit some future “speed limits,” as the Baby Boomer generation heads to retirement. Furthermore, as Hot Air’s Ed Morrissey notes, these government numbers on the economy keep jumping around. The headline unemployment numbers look good, for example, and then they are revised down a few months later. The question being asked about the economy is if the Federal Reserve will raise rates. Monday’s market downturn dashed those expectations. But with this report, the possibility returns. By all means, the second quarter GDP number is a good number, which is a relief. But one good number does not a good economy make.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2022 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.