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Uh-oh: The economy might be hitting a rough patch
washingtonpost.com ^ | November 30, 2012 | Neil Irwin

Posted on 11/30/2012 1:23:52 PM PST by Berlin_Freeper

The bottom is falling out of economic forecasters’ expectations for U.S. economic growth in the final months of 2012. And if some of the more bearish estimates prove accurate, it will be the weakest rate of growth since the start of 2011.

Macroeconomic Advisers had been projecting a 1.4 percent annual rate of GDP growth in the fourth quarter. On Friday it revised that estimate down to 1.1 percent Friday morning–and then again to 0.8 percent Friday afternoon. J.P. Morgan slashed its number to 1.5 percent from 2 percent. Tom Porcelli of RBC cut his estimate all the way from 1 percent to 0.2 percent.

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


TOPICS: News/Current Events
KEYWORDS:
Rosy pre-election economic forecasts turn out to be lies...

I'm shocked!

1 posted on 11/30/2012 1:23:55 PM PST by Berlin_Freeper
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To: All


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2 posted on 11/30/2012 1:28:50 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Berlin_Freeper

Lol, “hitting a rough patch”. The economy has never recovered from the recession. Obama has had his bureaucrats working overtime to come up with phony numbers to feed to the MSM. It’s at a point now that they can’t hide the fact we’re still buried in a recession.


3 posted on 11/30/2012 1:33:28 PM PST by Stevenc131
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To: Stevenc131

Soon to be a depression if they let Odumbo have his way.


4 posted on 11/30/2012 1:36:45 PM PST by History Repeats (sic transit gloria mundi)
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To: Berlin_Freeper

As long as there is government provided welfare, housing, healthcare, food stamps, college loans, subsidized mass transit, birth control, unemployment, abortions, and Obamaphone who cares about jobs and the economy?


5 posted on 11/30/2012 1:37:33 PM PST by Proud2BeRight
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To: Berlin_Freeper
Uh-oh: The economy might be hitting a rough patch


             

6 posted on 11/30/2012 1:37:55 PM PST by tomkat (liberty or death)
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To: Proud2BeRight

Yep, “as long as” those things are provided for “free”...

but, the piper has invoiced,
and those things won’t be available for much longer.


7 posted on 11/30/2012 1:40:02 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: Stevenc131

Yes they can, that’s what this fiscal cliff thingy is about. Blaming the inevitable deepening of the recession on the Republicans.


8 posted on 11/30/2012 1:44:06 PM PST by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
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To: Proud2BeRight

OBAMAPHONE!!!!


9 posted on 11/30/2012 1:45:43 PM PST by Jeff Chandler (http://www.youtube.com/watch?v=tpAOwJvTOio)
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To: Berlin_Freeper

Wow. Now they are finding their excuses to start reporting the truth on the economy?


10 posted on 11/30/2012 1:48:13 PM PST by GeronL (http://asspos.blogspot.com)
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To: Proud2BeRight
"As long as there is government provided welfare, housing, healthcare, food stamps, college loans, subsidized mass transit, birth control, unemployment, abortions, and Obamaphone who cares about jobs and the economy?"

That's EXACTLY what those who re-elected The Messiah were thinking the night before the Election....they ARE the 47% (AND, the soon-to-be-granted-Amnesty Illegals, too)

11 posted on 11/30/2012 1:49:16 PM PST by traditional1 (Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: Berlin_Freeper

Uh-oh: The economy might be hitting a rough patch


12 posted on 11/30/2012 1:53:32 PM PST by COBOL2Java (GOPe: Already prepping for their 2016 loss - Jeb Bush!)
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To: Proud2BeRight

Your use of sarcasm is outstanding!


13 posted on 11/30/2012 1:54:37 PM PST by killermosquito (Buffalo, Detroit (and eventually France) is what you get when liberalism runs its course.)
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To: Berlin_Freeper

Let’s raise taxes substanially and push a new, large stimulus package through Congress - that’ll have things roaring in no time!


14 posted on 11/30/2012 1:56:41 PM PST by TonyInOhio
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To: killermosquito

“Your use of sarcasm is outstanding!”

Sadly, it is only sarcasm for some of us. For half the country it is not sarcasm. It is fact. There are few who vote who would even know what GDP is.


15 posted on 11/30/2012 2:07:58 PM PST by Proud2BeRight
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To: Proud2BeRight

We desperately need:

Education reform from bottom to top
States to take back their rights
Strong voter Id laws and qualification tests


16 posted on 11/30/2012 2:17:36 PM PST by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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To: Berlin_Freeper

I looked pretty hard for the word ‘unexpectedly’ in this report.

The Left seems to be slipping.

We used to see better reporting, ie..., “...an unexpected rough path...”

There’s actually humor in this. That’s all the Washington post is any longer, just for laughs.

I’m not sure how many staff members they have, but the Left laughs at their audacity, and the Right laughs at the thought they really believe anyone takes them seriously.

Obviously the advertisers don’t.


17 posted on 11/30/2012 2:17:50 PM PST by DoughtyOne (Hurricane Sandy..., a week later and over 60 million Americans still didn't have power.)
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To: Berlin_Freeper
It's funny how when less than half the population, the producers, are pulling more than half the population in the cart, rough patches seem to be the norm....


18 posted on 11/30/2012 2:52:04 PM PST by C210N (In favor of private rights and public happiness)
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To: Berlin_Freeper
well, at least UNEXPECTEDLY wasn't in the title...
19 posted on 11/30/2012 3:28:03 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: TonyInOhio

This AM I heard Senator Warner (D VA) on the radio. He was smooth as silk. “We need a balanced approach. We need to stimulate the economy to bring the ‘idle Trllions’ now sitting on the sidelines back into the game and at the same time ‘reassure’ folks about their pensions...”. Here it comes, folks. Those of you who thought your 401K was “yours” are about to find out. We tried to tell you 4 years ago. No grimy politician is gonna be able to resist ten trillion bucks just sitting there while the hemp rope and oak limb are beckoning.


20 posted on 11/30/2012 4:08:45 PM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: wastoute

A “balanced” approach is like telling your wife she needs a part time job so you can keep making the Mercedes, yacht, BMW bike and summer home in the Keys payments.

Only a moron talks like that. They say, “we’ll give you $10 in cuts (lie) if you give us $1 in taxes (now).” How about you just cut $9 and we’ll call it even.


21 posted on 11/30/2012 4:16:48 PM PST by Fledermaus (The Republic is Dead: Collapse the system. Let the Dems destroy the economy!)
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To: Fledermaus

It’s even worse. I hear they want to “give” you T bills for the money in your 401 K at a GUARANTEED 3%. LOL. The Bernanke can’t raise interst rates until they stimulate the economy with your 401K money. LOL. Where are all those folks who claimed they wouldn’t stand for it. At least the Molon Labe crowd actually means it.


22 posted on 11/30/2012 4:23:38 PM PST by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: wastoute

Yep. The libs have been trying this for years. I’ll shoot them first. And all of MY 401K contributions were after tax so how does it apply to me?


23 posted on 11/30/2012 4:27:57 PM PST by Fledermaus (The Republic is Dead: Collapse the system. Let the Dems destroy the economy!)
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