MSM cheerleaders: "Yay! Our economy is improving! Things are getting worse at a slower rate! Go---------Democrats!"
How Orwellian can you get?
Going from 2.9% 4th quarter to 1.6% 1st quarter is called a rise in a headline.
The economy is slowing down, gentleman. Read the article.
This headline is a carefully crafted lie.
Thanks for the ping.
What we are seeing is the total failure of Keynesian economic theory. IIRC, President Reagan was confronted with a deeper recession and through his policies (supply side economics) we were growing at 7-8% at this point. Under obama we can expect an annualized growth of maybe 2.5%, which will not be enough to start generating real job growth.
Also, because of the incompetence of these "academics" running the govt in addition to low growth we have inflation. IOW, the worst of all recoveries stagflation.