Skip to comments.U.S. economic growth revised sharply downward
Posted on 02/28/2014 8:27:11 PM PST by BenLurkin
The Commerce Department sharply reduced its estimate of fourth-quarter growth to a moderate 2.4% annual rate. Friday's revision downsized big gains in consumer spending and exports from its initial estimate of 3.2% in January.
The updated figures on total economic output, known as gross domestic product, indicated the economy entered this year with less momentum than analysts had anticipated.
And the lower rate added to concerns that recent lackluster economic data could signal even weaker growth in the weather-battered first quarter.
"The dividing line between an escape-velocity economy and a so-so, ho-hum economy is right at 3%," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi in New York.
(Excerpt) Read more at latimes.com ...
The “democrat” effect.
They will blame it on the shut down months ago
Unexpected? You’re joking.
The numbers are politicized. Downward revisions are the norm. In fact I can’t remember one upward revision during all of Obama’s occupation.
Operation Burn-it-all-Down-Man is progressing beyond their wildest expectations.
In the history that is written in the future, the situation in the territory once known as “the United States of America”, in the period of 2009 through 2017, and perhaps beyond, will be perhaps more accurately identified as an economic contraction, the likes of which have not been seen since the world-wide phenomenon known as “the Great Depression”. This “Great Depression II” is being papered over and hidden by massive transfer mechanisms and freely printed fiat money, all the while the annual disposable income of the residents, the corporations, and even the governmental institutions continues to shrink, on a per-capita basis, year over year.
Obviously. Except for a few special or local situations, the economy continues to be driven down the sewer by Youknowwho. Expect three more years of this Transformation (screw job ) of AmerikaSSR
OK, I cant afford a nice house car or good schools for my kids on what government gives me now.
But any problems that causes to me are only due to those greedy Republicans who only care about keeping their $$$ to themselves instead of ME and my hungry kids who need it.
Don't worry, Elizabeth Warren will take care of us all.
Elizabeth Warren/Kirsten Gillibrand 2016!
Yes, Ben is joking. The propaganda media reports all negative economic news as unexpected to cover the marxists rotten hide.
sigh... Elizabeth Warren... she really ...INSPIRES me... excuse me...I have to go to the bathroom and “give something BACK...” for all her inspiration.
It’s a Friday news dump.
My question is, where can I find the source(s) of this new nebulous data, so I can do my own calculations (that’s what I normally do as a matter of course)?
I’m sorry - I just can’t accept the government’s word on this. I need the raw data!!!!!!!!!!!!!
Not to mention the coins found under the sofa cushions at the White Hut.
they just say that when asked by the msm. secretly it’s planned as a goal and they are very happy it’s going down hard.
with this bunch of criminals, the numbers always are OVERSTATED.
Eventually revised downwards.
Does obammy and crew EVER tell the truth about anything?
Commie pink fag occupies the WH.
This very phrase is a homerun waiting to happen. All campaigners on the right just have to repeat over and over:
Obama is a proven liar and we are in a depression.
Also IIRC, the unemployment figures, even though misleading on account of their basis, have been occassionally adjusted/corrected to lower values as the actual data became available.
Just like the weekly UE numbers, they report generously then revise it downward later. All lie!
That’s a very good point. I had forgotten about that. This means that every report is a lie.
I heard that adolescent kids in MA picture Elizabeth Warren to keep from getting wood in class.
Warren or another guy?
I won’t post which one I’d choose...
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