Posted on 01/29/2016 7:56:09 AM PST by C19fan
The US economy finished 2015 with a pratfall, perhaps a foreshadowing of a bumpy ride in 2016. Gross domestic product (GDP) growth tumbled to 0.7% in the advance estimate of the fourth-quarter data, thanks to a decline in consumer spending that outpaced a slowing in the rate of growth in disposable income.
(Excerpt) Read more at hotair.com ...
Is this the number before the downgraded revision or after?
This is the first estimate.
And how much Viagra did they have to give those numbers just to get this?
Bogus as the FOX viewership numbers for last night’s debate.
Since this administration lies, one must assume we already in recession.
I would love to Hhear President Trump Start his State of the Union speech with:
"The state of our union is a complete disaster. It is in far worse shape than I could have ever imagined as a candidate for this office."
It’s a whole lot worse if you can do simple 3rd grade MATH!!
Budget 3.9 TRILLION
Deficit 544 BILLION
That amounts to about 12%, so if the GDP is .7% then we LOST 11.3% in the total economy.
That my friends is a DEPRESSION!!!
Buy the dips.
UNEXPECTED!
10 Trillion, maybe. We haven’t had good growth in decades. We are great at creating debt.
Yes, that would be great! It wouldn’t surprise me if he did exactly that and then quickly listed his programs for fixing each item one by one.
(I like your handle. And your work.)
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