Posted on 04/30/2010 5:53:37 AM PDT by MinorityRepublican
Edited on 04/30/2010 5:58:47 AM PDT by Admin Moderator. [history]
WASHINGTON - The U.S. economy grew at a slightly slower-than-expected pace in the first quarter, held back by inventories and exports, but resurgent consumer spending offered evidence of a sustainable recovery, a government report showed on Friday.
You are right.
But the main impact may be a weak economy in 2011.
Are we really supposed to believe that the GDP is growing at an annual rate of 12%?
Obama, Biden, and MSM all declare “success”!
You can make any data look just the way you'd like.....proofs in the puddin.
what is the ifiot Bernanke goingot do when it takes another turn south? put interest rates at -5%? Oh yeah , the printing press.
..the govts all talk about layoffs but when it comes right down to it, they just reshuffle...
like our local school district....they announce layoffs of teachers, but then admit they're all going to be rehired elsewhere....
people like me are going to live our lives....buy spring plants and carry on with life...
we never were big on eating out or movies and haven't been to a concert in ages til tonight ( Brooks and Duns!).
It’s an annualized rate... the geniuses at Reuters and WaPo don’t think (or realize) that that’s a pertinent fact apparently.
To their (very small) credit, that’s the way the number is ALWAYS reported, so maybe they just forgot to remind us.
mark
Probably by '12 when President Obama loses his job.
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