Skip to comments.Business spending drop limits U.S. growth to 2.2%
Posted on 04/27/2012 7:00:04 AM PDT by John W
GDP misses economic estimates after surprise from business sector
WASHINGTON (MarketWatch) The U.S. economy downshifted in the first quarter as business spending fell, raising fears the expansion could lose traction in coming months.
In its first estimate Friday, the Commerce Department said gross domestic product rose at a 2.2% annual rate between January and March, slower than the 3.0% pace in the prior three months. Economists polled by MarketWatch had expected a stronger 2.7% growth rate.
(Excerpt) Read more at marketwatch.com ...
Those damn businesses. We should tax ‘em more. They aren’t paying their fair share. Those fat cats are sitting on their money and not spending it. We should take their money and create fair trade, green industry government jobs. Government doesn’t have to worry about profit so it is more efficient.
Why are businesses going to spend any money when the incompetent socialist welfare queens agitator is threatening 24/7 to take their profits and the other producers money to give it to the parasites?
Turns out there was an earlier story on the GDP posted here. I searched on GDP, title, and nothing came back. Sorry.
no “unexpected” in the article? lol
You’ve got the liberal schtick down pat...you should run for office.
And on the news the DJIA is up. [13213.06 +8.44 (0.06%) Apr 27 10:20am ET] Apparently being informed that the economy isn’t growing, inflation is eating away at what already exists, and that lenders aren’t lending is just what the market wanted to hear. Go figure.
I think some of these journalists are starting to realize how much they are ridiculed every time they use that word.
It’s there, just not in the headlines.
I think the “stock market” is predicting that the GOP wins in November....
What is really scary is the fact that for every $1.00 increase in GDP 1st Qtr. we had an increase of $2.52 in national public debt! What does that tell you about this recovery?
Grrrrrrrrrreeedy businesses, HOARDING piles of CASH!
Gotta confiscate it and start spreadin’ it around to da peeps.
The good news in the report is that residential investment increased 19.1%, mostly apartments.
Also there is no where else to beat inflation.
Glancing into "Unexpectedly"!
Hard times: An unemployed man in an old coat lays on a pier in the New York City docks during the Great Depression, 1935.
I remember this. I was 10. I hope America does not want to see its citizens like this again.