[kristinn]

Unexpected.

[Williams]

That’s a huge decline.

[newfreep]

Leftism, by any of its’ brand names, always fails economically, culturally and morally.

Always.

Only an intellectual idiot would continue to believe in leftism’s hoax and lies.

Kinda like believing in human caused globull warming.

[SW6906]

"Sharp revisions to GDP numbers are not unusual as the government does not have complete data when it makes its initial and preliminary estimates."

And...they're trying to manage the bad news: put out a bad number and let the news die down, then later massively revise it down and that revision gets less news coverage.

[stremba]

It’s still Bush’s fault!!!

[ArmstedFragg]

Is it Recovery Summer yet?

[stevem]

... there are indications that growth has since rebounded strongly

Indications are everywhere...shrinking work force, inflation through the roof, falling wages, downward mobility.

You can't go too far wrong with more of the same.

[rockinqsranch]

With Democrats one always must expect the unexpected.

[erod]

Green shots are right around the corner comrades! I’m sick of hearing that for the last 6 years.

[Cringing Negativism Network]

America we are handing the future to China.

We need to work. Here.

Bring back American production.

[txrefugee]

When hamburger costs $5/lb. and every item has been downsized so that “a pound” of coffee is now 11 oz., most people are having trouble just surviving in this horrible economy.

[Viennacon]

At this point, it is probably preferable for the whole thing to burn.

[icwhatudo]

"There are indications that growth has rebounded sharply"

[PTBAA]

OK, we lied to you about the last quarter’s results, but you can absolutely trust our projections for the next quarter, honest!

[Vaquero]

you print paper money....and it loses value.

taxation by inflation.

[Oldeconomybuyer]

"The difference between the second and third estimates was the largest on records going back to 1976, the Commerce Department said."

Congress needs to request emails between Commerce and the White Hut before the hard drive crashed.

[Zakeet]

Just noise ... weather related noise

[Zhang Fei]

Housing has been selling like hotcakes. There’s a puzzling disconnect with the economic growth number.

[LucianOfSamasota]

Unexpected.

Not if one believes in cause and effect...

[1010RD]

The economy is coming back, it’s just very uneven and erratic. Every retailer I talk to says it’s like a wave, up and then down and then up and then down, but better.

I regularly see retailers from KFC to HHGreg with handmade signs and employees standing with them on roadside announcing some daily special. That’s scary.

On the upside, whichever party wins the presidency is in for a boom time. If it’s a Democrat or GOPe it will be muted, but if it is a real conservative, it will be a long and wonderful boom. All you need to do is hold the budget to zero increase, lower cap gains taxes back to 10% or zero it out, get corporate taxes down to below 20% (again zero is the correct number, but libs will go nuts), and end all the red tape that’s burdening energy and business formation. That can be done with a GOP House, Senate and conservative POTUS.

Once the economy booms...

[Gritty]

Comrade, we did not meet our Five Year Plan quotas because of the weather.

Yeah. That's it, "the weather".

And it that excuse fails, we can always blame foreign spies, Kulaks, capitalist wreckers, and Hooligans...