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U.S. final Q1 GDP revised down to 1.8% from 2.4% [Sharply Down: Obama Economy FAILING]
Investing.com ^ | 6/26/13

Posted on 06/26/2013 5:45:26 AM PDT by SoFloFreeper

The U.S. economy grew significantly less-than-expected in the first quarter of 2013, fuelling concerns over the U.S. economic outlook, official data showed on Wednesday.

In a report, the Bureau of Economic Analysis said gross domestic product increased at a seasonally adjusted annual rate of 1.8% in the three months to March, below expectations for a 2.4% gain.

(Excerpt) Read more at investing.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: bhoeconomy; democrats; economy; jobs; obama
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To: immadashell
Even in Left World there are only 4 distinguishable deviations: heterosexual, white, judeo-christian and Conservative.

I plead: guilty, guilty, guilty and guilty.

Now: where the hell is my bailout?

21 posted on 06/26/2013 6:17:35 AM PDT by andy58-in-nh (Cogito, ergo armatum sum.)
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To: SoFloFreeper

DEPRESSION... anything else stated is a damnable lie.

LLS


22 posted on 06/26/2013 6:21:02 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: SoFloFreeper

SUMMER OF RECOVERY 5.0


23 posted on 06/26/2013 6:21:49 AM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: newfreep

I am a wee bit irritated this was taken out of “Breaking”, I consider this to be big news.


24 posted on 06/26/2013 6:23:19 AM PDT by SoFloFreeper
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To: SoFloFreeper
I think most people knew intuitively that it couldn't possibly have been 2.4%, which is closer to "normal".

Anyway, so much for the end of QE.n.

25 posted on 06/26/2013 6:31:16 AM PDT by schm0e ("we are in the midst of a coup.")
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To: andy58-in-nh
Tell me about it. I've worked in the financial services industry for 25 years and was just laid off for the third time. I am told however, that in spite of my credentials I am "unqualified" to work for the Federal government because I lack a PhD. If I had one, it seems I could get away with making predictive errors in excess of 6 standard deviations.

Feel your pain. Was doing a little walking down memory lane and realized that the least prosperous times for a white boy on Wall Street were when Reagan and Bush Jr. were not president.

26 posted on 06/26/2013 6:34:01 AM PDT by schm0e ("we are in the midst of a coup.")
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To: SoFloFreeper
It's hugh.
27 posted on 06/26/2013 6:34:33 AM PDT by schm0e ("we are in the midst of a coup.")
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To: SoFloFreeper
Bienvenue a l'Europe

28 posted on 06/26/2013 6:36:01 AM PDT by Buckeye McFrog
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To: SoFloFreeper

Just perfect! Can I exploit that if make any money of a bumber sticker, t-shirt, or other than you get 50% of all net profit. It’s the best graphic I’ve ever seen that compares and contrasts in a way that other than the socialists would understand.


29 posted on 06/26/2013 6:38:40 AM PDT by A Navy Vet (An Oath is Forever)
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To: SoFloFreeper

No, no, no, I am telling you not to pay attention here. Turn those machines back on and buy, buy, buy those stocks and bonds.

Buy I tell you, buy!!!!


30 posted on 06/26/2013 6:52:02 AM PDT by biff (WAS)
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To: biff

Trading Places


31 posted on 06/26/2013 7:02:05 AM PDT by SoFloFreeper
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To: SoFloFreeper

Think about it, GDP INCLUDES deficit spending of 800,000,000 dollars annually, So if you took away the phony bologna fiat QE pumping, GDP is negative, real negative.


32 posted on 06/26/2013 7:08:01 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: SoFloFreeper
And the Fed purchased $255 Billion of Treasuries and MBS.

Yes, I know that doesn't figure into GDP, but with V1 below .08, take that money out of the economy, what do you have? Bupkus.

5.56mm

33 posted on 06/26/2013 7:15:11 AM PDT by M Kehoe
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To: immadashell
6 standard deviations

Even in Left World there are only 4 distinguishable deviations: heterosexual, white, judeo-christian and Conservative.

you left out (no pun intended) the fifth deviation....hermaphrodite

34 posted on 06/26/2013 7:27:31 AM PDT by spokeshave
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To: Uncle Miltie

35 posted on 06/26/2013 7:45:46 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: SoFloFreeper

Seems like every time now, they release the recovery figures and have a Media circus, then wait a week for the interest to die out before they revise the figures down. At some point one tends to suspect that massive incompetence has been replaced by criminal malfeasance.


36 posted on 06/26/2013 8:02:37 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: biff

37 posted on 06/26/2013 8:06:20 AM PDT by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: SoFloFreeper

Sorta, mostly the thought.

It seems no matter how bad the news is, especially in the fine print, that the stock market keeps getting pushed higher and higher. The biggest cheer leaders are the nitwits on CNBC and I wonder when it is all going to come crashing down.

Should have already it seems.


38 posted on 06/26/2013 8:07:37 AM PDT by biff (WAS)
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To: SoFloFreeper

“Obamanomics: massive, utter failure. “

Nope. Obamanomics is working EXACTLY as intended: destroy the U.S. economy and bring our citizens to 3rd world levels in order that we may be equal with the rest of the world.

Socialism is unable to raise the economic levels of the poor to achieve “equality”, but it is excellent at achieving “equality” via impoverishing everyone equally.

Obammunism and Obamanomics are working perfectly as intended.

Obama is not an incompetent boob: he’s an evil genius.


39 posted on 06/26/2013 9:52:06 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: SoFloFreeper

Oh fiddle, everybody knows its Bush’s fault.


40 posted on 06/26/2013 10:06:11 AM PDT by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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