Posted on 08/26/2016 6:57:14 AM PDT by maggief
WASHINGTON (AP) — The U.S. economy expanded at a sluggish pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment.
The Commerce Department said Friday that gross domestic product, the broadest measure of the economy, increased at an annual rate of 1.1 percent in the April-June quarter. That is slightly below its previous estimate last month of 1.2 percent growth.
(Excerpt) Read more at hosted2.ap.org ...
Excellent news—No rate hike by the Fed.
/sarc
Anemic economic growth is bad news for Hillary.
When the economy is roaring on all cylinders, an incumbent is usually a shoo-in.
Today the Witch Of Chappaqua is falling behind.
The Democrat legacy.
According to the state controlled “media”, the Kenyan’s economy is “booming”.
And they want to raise rates??? Maybe lower them again based on this Obama/Hillary Great Recession.
Hillary has promised to continue the Obama policies that made America’s the world’s Sick Old Man.
Cause this is just what we need to be stronger together.
As usual OUT AND OUT LIES by people incapable of doing 3rd grade MATH!!!
Our Budget DEFICIT is about 8%, which means 2% QUARTERLY, so WE LOST ALMOST 1% of GDP, We didn’t GAIN ANYTHING!!!
What’s the old joke? You can lead a horse to water but you can’t make him drink it.
Hillary has no clue on how to turn the economy around.
But she’s a born expert on the danger of a non-existent vast right wing conspiracy.
Its all about priorities.
Recovery Summer (version 7)!
Sluggish spending at the state and city levels was cited as the problem in a similar article on Yahoo this morning.
Not enough deficit spending.
If only we spend more, things would be golden.
Look for MSM to bury this lede.
Why would these numbers be any more accurate than the unemployment numbers?
Healthcare insurance premium hikes have been a tremendous drag on a still-sluggish economy that had been showing some signs of life locally. Things started to fall off when gas prices went up from the lows of last year. Comparatively cheap gas was offsetting insurance costs.
SUMMER OF RECOVERY!!!!!
Oh wait...
Too soon?
when revised will be negative
Worst recovery Ever.
Worst race relations in decades.
Worst president EVER/
Brief bleep on Houston local news last night about the slow down in the housing market which they expect to pick back up in 2018. Attributed almost entirely to over building of new homes by developers with only slight mention of impact lower oil prices have had on number of jobs available. Lots and lots of homes on the market for sale in my zip code. On market time was 25 days early this year is now up to 77 days.
Noticed that construction has not started on a number of new condos and office buildings where the older offices and homes were torn down. Lots of office buildings in midtown area have office vacancy signs posted. Couple of my clients in the city have leases which are up at year end and they have already been notified of significantly higher costs for owners who want to try and make up for lost revenue and coming property tax increases.
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