Skip to comments.U.S. final Q1 GDP revised down to 1.8% from 2.4% [Sharply Down: Obama Economy FAILING]
Posted on 06/26/2013 5:45:26 AM PDT by SoFloFreeper
The U.S. economy grew significantly less-than-expected in the first quarter of 2013, fuelling concerns over the U.S. economic outlook, official data showed on Wednesday.
In a report, the Bureau of Economic Analysis said gross domestic product increased at a seasonally adjusted annual rate of 1.8% in the three months to March, below expectations for a 2.4% gain.
(Excerpt) Read more at investing.com ...
I plead: guilty, guilty, guilty and guilty.
Now: where the hell is my bailout?
DEPRESSION... anything else stated is a damnable lie.
SUMMER OF RECOVERY 5.0
I am a wee bit irritated this was taken out of “Breaking”, I consider this to be big news.
Anyway, so much for the end of QE.n.
Feel your pain. Was doing a little walking down memory lane and realized that the least prosperous times for a white boy on Wall Street were when Reagan and Bush Jr. were not president.
Just perfect! Can I exploit that if make any money of a bumber sticker, t-shirt, or other than you get 50% of all net profit. It’s the best graphic I’ve ever seen that compares and contrasts in a way that other than the socialists would understand.
No, no, no, I am telling you not to pay attention here. Turn those machines back on and buy, buy, buy those stocks and bonds.
Buy I tell you, buy!!!!
Think about it, GDP INCLUDES deficit spending of 800,000,000 dollars annually, So if you took away the phony bologna fiat QE pumping, GDP is negative, real negative.
Yes, I know that doesn't figure into GDP, but with V1 below .08, take that money out of the economy, what do you have? Bupkus.
Even in Left World there are only 4 distinguishable deviations: heterosexual, white, judeo-christian and Conservative.
you left out (no pun intended) the fifth deviation....hermaphrodite
Seems like every time now, they release the recovery figures and have a Media circus, then wait a week for the interest to die out before they revise the figures down. At some point one tends to suspect that massive incompetence has been replaced by criminal malfeasance.
Sorta, mostly the thought.
It seems no matter how bad the news is, especially in the fine print, that the stock market keeps getting pushed higher and higher. The biggest cheer leaders are the nitwits on CNBC and I wonder when it is all going to come crashing down.
Should have already it seems.
“Obamanomics: massive, utter failure. “
Nope. Obamanomics is working EXACTLY as intended: destroy the U.S. economy and bring our citizens to 3rd world levels in order that we may be equal with the rest of the world.
Socialism is unable to raise the economic levels of the poor to achieve “equality”, but it is excellent at achieving “equality” via impoverishing everyone equally.
Obammunism and Obamanomics are working perfectly as intended.
Obama is not an incompetent boob: he’s an evil genius.
Oh fiddle, everybody knows its Bush’s fault.
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