Skip to comments.Uh-oh: The economy might be hitting a rough patch
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 morningand 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 ...
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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.
Soon to be a depression if they let Odumbo have his way.
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?
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.
Yes they can, that’s what this fiscal cliff thingy is about. Blaming the inevitable deepening of the recession on the Republicans.
Wow. Now they are finding their excuses to start reporting the truth on 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)
Your use of sarcasm is outstanding!
Let’s raise taxes substanially and push a new, large stimulus package through Congress - that’ll have things roaring in no time!
“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.
We desperately need:
Education reform from bottom to top
States to take back their rights
Strong voter Id laws and qualification tests
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.
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.
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.
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.
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?