Not exactly a ringing endorsement of Obamanomics, isn’t it?
But before we all freak out remember this is January-March and we already nearly done with June.
And what if this is a fudged number to make the 2nd quarter look great going into the midterms?
With a -2.9% GDP growth, vs last years 1st qtr of +2.6%, that is a -5.5% YoY number. It is impossible to turn that around in one quater, or even 4 quarters.
Couple that with skyrocketing food prices, obamacare cost inreases, the new EPA regs that will cause energy costs to necessarily skyrocket, and the coming gas price increases and this country is on a very dangerous path.
Yet the media, the dems and the GOP-e will act as if nothing is wrong and the purposefully ignorant citizenry will blame “evil corporations that are only interested in profiteering off the little guy” for this mess.....
We are headed down a very dangerous path....