Breaking News: Economy Grows by 2.7 Percent in First Quarter, Slower Than Previously Estimated

foxnews ^ | 25 June 2010 | foxnews

[MNDude]

actually, I recently hear the AP report that the economy shrinking is a good thing because that means companies can’t grow anymore without hiring more people.

[poindexter]

Is it too much to ask to get some economists that can accurately project something?

Ask two economists, you'll get three estimates.

[central_va]

How about Captain Green Shoots?

[meyer]

Slower Than Previously Estimated

Unexpected...

[meyer]

Slower Than Previously Estimated

Unexpected...

[libertarian27]

Slower Than Previously Estimated

Not moving or able to move quickly; proceeding at a low speed*** Marked by a retarded tempo*** Taking or requiring a long time*** Taking more time than is usual*** Allowing movement or action only at a low speed*** Registering a time or rate behind or below the correct one*** Lacking in promptness or willingness*** Characterized by a low volume of sales or transactions*** Lacking liveliness or interest; boring*** Not having or exhibiting intellectual or mental quickness.

[meyer]

Wow - that was so unexpected that I posted it twice!

[ml/nj]

Where is this supposed 2.7% growth, except maybe in government? Around where I live, buildings which housed business for a quarter century or more are still available for sale or lease. New construction has virtually ceased. I don't get the impression that northern-NJ is somehow unique. Airports have been nearly empty when I've traveled this year. Who is experiencing this growth.

ML/NJ

[Constitution Day]

[KC_Conspirator]

So the numbers were revised down, imagine that?

[blam]

Is Bernanke Secretly Preparing A New Liquidity Blitz To Save The Faltering Recovery?

[onemiddleamerican]

Well, that's a surprise. I think we need another bailout.
/sarc

[meyer]

A new liquidity blitz? Is he going to pay people to borrow money? Interest rates are already unsustainably low.

[Oldpuppymax]

So the previous HIGHER estimate was a scam? Now wasn’t THAT “unexpected!”

[My Favorite Headache]

Uh...Joe Biden says different.

http://www.youtube.com/watch?v=x3QQ09Rj2tY

[norraad]

"Who ya' gonna believe, the trumped up #'s or yer lyin' eyes?"

[cranked]

Woot, the Stimulus and TARP worked! =.=

[Uncle Miltie]

Chorus: “Unexpectedly!”

[fwdude]

If you lay every economist in the world end to end, they wouldn’t reach a conclusion.

[wmfights]

A double dip will be evident by this time next year.

Hang in there. I think the recovery is a sq root rather than a double dip. Housing is getting near the bottom and cash reserves in banks and business are very high. If (a big if) serious financial hawks take back Congress there is a good chance the entire 0 agenda will be defunded. I'm convinced that's all business would need to see to start to expand operations.

I believe the entire country is waiting for Nov. to see where we are headed. If it's a real turn to the right things should begin to recover. If the left holds on then expect things to get worse because nobody is going to hire with increasing european socialism.