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Economic growth 1.9 percent in fourth quarter of 2016 as revision disappoints
Washington Examiner ^ | 2/28/17 | Joseph Lawler

Posted on 02/28/2017 6:29:38 AM PST by GonzoII

The U.S. economy grew at a 1.9 percent annual pace in the last quarter of 2016, according to revised Gross Domestic Product data published by the Bureau of Economic Analysis Tuesday morning.

Tuesday's report disappointed investor expectations, which were for an upward revision to 2.1 percent.

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: gdp; obama
"The fourth quarter's weak performance left the growth rate for the year, the last of President Obama's presidency, at 1.6 percent, the slowest since 2011."
1 posted on 02/28/2017 6:29:38 AM PST by GonzoII
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To: GonzoII
The fourth quarter's weak performance left the growth rate for the year, the last of President Obama's presidency, at 1.6 percent, the slowest since 2011.

And yet fake news reporters say that Obama did a good job of managing the economy.

2 posted on 02/28/2017 6:34:31 AM PST by libertylover (In 2016 small-town America got tired of being governed by people who don't know a boy from a girl.)
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To: GonzoII

Hey...they are going to begin reporting the economic statistics correctly now that Republican is in charge!

Well, I guess that is a step in the right direction!


3 posted on 02/28/2017 6:35:03 AM PST by rlmorel (Orwell described Liberals when he wrote of those who "repudiate morality while laying claim to it.")
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To: GonzoII

Are we going to start using honest numbers now? How about accurate inflation and employment/unemployment numbers?

It should be so and if it is, then every one of those reports that came out under 0bama must be subject to a very public revision.

Expose the TRUE legacy of the Imposter.


4 posted on 02/28/2017 6:35:05 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: GonzoII

They have cooked the books on economic data consistently to prop up the numbers. Meanwhile the Fed has been using the same skewed information to make policy primarily in the form of increasing interest rates.


5 posted on 02/28/2017 6:36:55 AM PST by t4texas (No koolaid for me. Thanks!)
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To: GonzoII

Tuesday’s report disappointed investor expectations

Disappointed?? What the HELL are they talking about?, They have ALL been telling us for years that the Obama Economy is and was the Hottest and Best Economy in the last 50 years,

So what gives now??


6 posted on 02/28/2017 6:37:11 AM PST by eyeamok (destruction of government records.)
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To: eyeamok
So what gives now??

We all know what gives now. The Dem President statistical special sauce has been put back in the cupboard.

7 posted on 02/28/2017 6:42:49 AM PST by dirtboy
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To: GonzoII

Trump is going to ruin everything!


8 posted on 02/28/2017 6:44:23 AM PST by Leep (Cyclops Network News (CNN). The Most Trusted Source Of Fake News.)
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To: eyeamok

“Unexpected!”


9 posted on 02/28/2017 7:10:38 AM PST by oldplayer
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To: GonzoII
Gee if Trump has a bad economic quarter I wonder if the press will continue to blame it on the weather or those pesky perpetual striking Verizon workers?

Yes, that was a rhetorical question

10 posted on 02/28/2017 7:41:07 AM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: GonzoII

After eight years of the rancid media ignoring America’s homeless I am surprised they have not yet reinvented it to hurt Trump.


11 posted on 02/28/2017 8:10:26 AM PST by pabianice (LINE)
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