Skip to comments.Q1 GDP Stuck at 1.2%
Posted on 05/26/2017 3:45:32 PM PDT by ForYourChildren
The Bureau of Economic Analysiss advance estimate of real gross domestic product in the first quarter of 2017, which was released in April, had the U.S. economy growing at an annual rate of just 0.7 percent. The BEAs second estimate, which is based on more complete source data and which was released today, increases the estimate for the annual rate of first quarter growth in real GDP to only 1.2 percent.
In the last quarter of 2016, according to the BEA, real GDP grew at an annual rate of 2.1 percent, while for all of 2016 it grew at only 1.6 percent.
That last time the United States had 3.0-percent or better growth in real GDP for a full year was in 2005. Since then, the nation has seen 11 straight years of less than 3.0 percent growth.
(Excerpt) Read more at cnsnews.com ...
...and that’s the fake number.
We refuse to accept, in this administration, that pessimistic view of the future, he said. We refuse to accept that the new normal is 1.9 percent, especially when the history of this nation is above 3 percent.
Obama GDP did worse that the “Great Depression”
Obama created a “GREATER DEPRESSION”
....”Barack Obama Is Now The Only President In History To Never Have A Year Of 3% GDP Growth”...
That’s what happens when you put a socialist community agitator/organizer in charge. Obama is even unqualified to run an elevator, let alone the USA.
Where did those statistics come from?
I type in the web address USDJOBS.GOV & get nothing!
I Google Department of Workforce & I get nothing federal!
I don’t want to use these “states” when talking to a liberal unless I can source them and validate that source.
Economic recovery doesn’t happen overnight. After tax cuts sometimes it gets worse before it gets better, as it did with Reagan. And Trump’s tax cuts haven’t even be passed much less implemented yet.
People have got to have a clue about economics. You’ve got to know that tax cuts equate to wealth and to a healthy, thriving economy. Just like people know that after successful cancer surgery, the patient doesn’t instantly appear healthy. Recovery takes some time.
Our nation desperately need solid education. Education, knowledge, and understanding are our main weapons against the Lying Left who will cry bloody murder (with the unborn’s blood dripping from their hands, the lying hypocrites) at the tax cut and at the lousy numbers at first.
The Trump economy is about to take off.
Sorry, as per twitter today: 1st quarter revised up more than half a point, estimated Q2 #GDP still tracking at +3.5% to +4.0%.
“Sorry, as per twitter today: 1st quarter revised up more than half a point, estimated Q2 #GDP still tracking at +3.5% to +4.0%.”
Many people and business are again, very excited about the potential in the US.
Consumer confidence is at a 15 year high.
Business are also planning for better expectations.
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