The GDP fell by 2.9%, the economy’s worst performance since the Great Recession.
(Trading Economics)
Posted on 06/25/2014 11:37:15 AM PDT by Nachum
The US economy shrunk at a much larger rate than previously estimated in the first quarter.
The GDP fell by 2.9%, the economy’s worst performance since the Great Recession.
(Trading Economics)
But it wasn’t that long ago that the White HOuse bragged that Obamacare saved the first quarter GDP from shrinking.
The NRCC reported:
By now many of you have seen the news that our GDP declined steeply in the 1st quarter.
A drop of 2.9 percent is the type of precipitous fall we haven’t seen since the first months of 2009.
But it was less than 2 months ago that the White House bragged ObamaCare actually prevented a GDP contraction in Q1:
(Excerpt) Read more at thegatewaypundit.com ...
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Hold on to this post. I read somewhere that since this qtr’s numbers were irretrievable, they’ll remove Obamacare from it and roll them into Q2-Q4 where it will be used to boost the bottom line.
Everything that proceedeth out the mouth of the Obamanation is a 180 degree turn from the truth. Everything. We can bank on it.
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