Posted on 04/29/2015 5:33:23 AM PDT by Oldeconomybuyer
The U.S. grew at a meager 0.2% annual pace in the first three months of 2015, a period marked by severe weather, a major port dispute and a soaring dollar that curbed American exports. Consumer spending, the main engine of growth, slowed sharply to 1.9%, below the average 2.3% increase since the recovery began in mid-2009.
(Excerpt) Read more at marketwatch.com ...
#BringBackOurProsperity
“severe weather” — yep, that’s a first. Why didn’t somebody think of that possibility going into Q1? Maybe because it’s never happened before? Yeah, that’s the ticket.
...and, if you think .2% is bad, just wait ‘til it’s revised in a few weeks.
YIKES!!!
I believe that is called a recession.
Recession
Liberalism fails again.
The fact is, the ONLY thing that has saved Obama thus far was the fraking boom.
All by design, welcome to the Obamanation!
CLIMATE CHANGE!
Now change it back!
“The fact is, the ONLY thing that has saved Obama thus far was the fraking boom”
And changing the methodology of how GDP is calculated by padding the number with some phoney R&D output. I wish some Economists would calculate and publish Odungas true GDP numbers using the old methodology, but that would be racist.
Upward revision comimg in 3, 2, 1...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.