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U.S. economy slows to stall-speed (0.1% in Q1....any slower and we are contracting)
CNN Money ^

Posted on 04/30/2014 3:46:15 PM PDT by Red in Blue PA

The U.S. economy stalled in the first three months of 2014, but don't panic yet as it's probably just the winter weather effect.

Gross domestic product, the broadest measure of economic activity, grew at a 0.1% annual pace in the first quarter, the U.S. Bureau of Economic Analysis reported Wednesday.

That's brutally slow, even by sluggish post-recession standards. Since the Great Recession ended in June 2009, the economy has been growing at a rate of about 2% to 3% per year.

(Excerpt) Read more at money.cnn.com ...


TOPICS: News/Current Events
KEYWORDS: economy; jobs; obama; obamacare; obamanomics; obamarecession; obamataxhikes; recession
It's just the weather doncha know/s

Cannot be the devastating effects of obamacare, Obama, or his onerous regulations and taxes.

1 posted on 04/30/2014 3:46:15 PM PDT by Red in Blue PA
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To: Red in Blue PA

na... obamacare was suppose to cut the budget, cut rates, and insure everyone!

...


2 posted on 04/30/2014 3:47:15 PM PDT by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Red in Blue PA

Of course the economy is contracting, just look around.

Some time after the midterms we might find out how the books were cooked this time around.

No doubt the word has gone out far and wide that under no circumstances can an economic contraction be reported any time before November.


3 posted on 04/30/2014 3:49:16 PM PDT by Junk Silver
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To: Red in Blue PA

Given that the revisions are invariably lower, I’d say we’re contracting.

It’s gotta be the weather, though, ‘cause we’ve never had a winter before...


4 posted on 04/30/2014 3:51:30 PM PDT by ArmstedFragg (Hoaxey Dopey Changey)
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To: Junk Silver
Some time after the midterms we might find out how the books were cooked this time around.

Exactly. With the books this cooked we could be contracting 10% for all we know.

5 posted on 04/30/2014 3:52:11 PM PDT by sr4402
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To: Red in Blue PA

Uh, gee, thank goodness we are figuring Hollywood creativity into the GDP, or it would be in the negative.


6 posted on 04/30/2014 3:52:36 PM PDT by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: Red in Blue PA

Well zero did say he was going to focus on the economy like a laser beam, success for him, he has destroyed it!


7 posted on 04/30/2014 3:52:58 PM PDT by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Junk Silver

“...Some time after the midterms we might find out how the books were cooked this time around.

No doubt the word has gone out far and wide that under no circumstances can an economic contraction be reported any time before November.”
*********************************************************************

I have a difficult time accepting government statistics anymore. The bureaucracy is filled with progressives (such as Lois Lerner) who are more interested in promoting the progressive agenda and protecting DimocRATS than they are in the producing anything that is true.


8 posted on 04/30/2014 3:53:10 PM PDT by House Atreides
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To: Red in Blue PA

This news will be good for a +200 bump on the DOW tomorrow.


9 posted on 04/30/2014 3:55:44 PM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: Red in Blue PA

Tried to find what the GDP was during the Depression. Anyone?


10 posted on 04/30/2014 3:55:52 PM PDT by SkyDancer (I Believe In The Law Until It Intereferes With Justice. And Pay Your Liberty Tax Citizen.)
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To: sr4402

The GDP books are as cooked as the CPI books.

IOW, we are in deep crap.


11 posted on 04/30/2014 3:56:21 PM PDT by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: Red in Blue PA

We better hurry up and pass amnesty for illegals right away, and give more taxpayer money to the public employee unions. Oh, and don’t forget those taxpayer subsidized electric cars.
Forget about the Keystone Pipeline. We need real economic solutions. /s


12 posted on 04/30/2014 3:56:31 PM PDT by forgotten man
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To: forgotten man

High speed trains and windmills,the key to growth comrade!


13 posted on 04/30/2014 3:57:13 PM PDT by TurboZamboni (Those who make peaceful revolution impossible will make violent revolution inevitable.-JFK)
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To: Red in Blue PA

0.1% is below stall speed. You need to grow 2.5% a year just to keep up with population growth.


14 posted on 04/30/2014 3:57:32 PM PDT by kabar
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To: House Atreides

They already cooked the books when they changed the formula for GDP to include R&D and benchmarks which makes it 3% higher than before these changes.


15 posted on 04/30/2014 3:57:54 PM PDT by wattsgnu
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To: TurboZamboni

Asphalt will put us on the path to growth.....Obozo told us so so it must be true.


16 posted on 04/30/2014 3:59:43 PM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Red in Blue PA

1/10th of 1 per cent is probably the result after it was massaged so as not to show negative growth and further spook(caution, I could lose my NBA franchise over that one) the fragile markets.


17 posted on 04/30/2014 4:02:48 PM PDT by CARTOUCHE (I'm an Obamacare truant.)
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To: Red in Blue PA

Are you awake yet America?


18 posted on 04/30/2014 4:03:59 PM PDT by Carbonsteel
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To: Red in Blue PA
Since the Great Recession ended in June 2009, the economy has been growing at a rate of about 2% to 3% per year.

Absolute lie, baloney, garbage, crapolla. Properly measured and reported, the economy hasn't grown 2% to 3% since 2009, PERIOD.

My opinion, of course. And the great thing about an opinion is that I don't have to prove it.

19 posted on 04/30/2014 4:10:33 PM PDT by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: Red in Blue PA

If only Bammy would give me my $2500 from his sta$h.....


20 posted on 04/30/2014 4:10:33 PM PDT by Paladin2
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To: Red in Blue PA

21 posted on 04/30/2014 4:11:30 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: Red in Blue PA

Headline: Another Quarter of Economic Growth


22 posted on 04/30/2014 4:15:13 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Red in Blue PA

I view Obama extremely dimly in all this.

That said, where is the moral outrage from at least the House? Crickets!

Does any one of this bunch have a problem with this?

What bill has Boehner rammed through?

Let the Dems take ownership. Pass something then ride them over it.

Not this crew...


23 posted on 04/30/2014 4:17:44 PM PDT by DoughtyOne
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To: Red in Blue PA

24 posted on 04/30/2014 4:21:08 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: Red in Blue PA
Gross domestic product, the broadest measure of economic activity, grew at a 0.1% annual pace in the first quarter, the U.S. Bureau of Economic Analysis reported Wednesday.

And -- my perennial GDP warning -- never forget that the GDP, flawed and inaccurate as it probably is, is multiplied by four to pretend to "annualize" it.

So, the real news is that the economy [well, spending] "grew" by 0.025% in the first quarter. Less than a rounding error and when adjusted by the fake inflation numbers the government uses, shows that we are, in fact, not growing at all.

Not that anyone at FR thought we were.

25 posted on 04/30/2014 4:28:58 PM PDT by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: Red in Blue PA

The left and their propagandists are just unserious, except they are dead serious about crashing this country into the ground


26 posted on 04/30/2014 4:29:42 PM PDT by GeronL (Vote for Conservatives not for Republicans!)
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To: Red in Blue PA
Gross domestic product, the broadest measure of economic activity, grew at a 0.1% annual pace in the first quarter, the U.S. Bureau of Economic Analysis reported Wednesday.

And -- my perennial GDP warning -- never forget that the GDP, flawed and inaccurate as it probably is, is multiplied by four to pretend to "annualize" it.

So, the real news is that the economy [well, spending] "grew" by 0.025% in the first quarter. Less than a rounding error and when adjusted by the fake inflation numbers the government uses, shows that we are, in fact, not growing at all.

Not that anyone at FR thought we were.

27 posted on 04/30/2014 4:29:48 PM PDT by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: Red in Blue PA

Since the dumBO regime released this number, it is really -10.1%.


28 posted on 04/30/2014 4:33:11 PM PDT by depressed in 06 (America conceived in liberty, dies in slavery.)
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To: DoughtyOne

Obama has spent five years, jiggling the throttle,
now we are at stall speed and the economic engine
is flamed out, there is only one direction to go.


29 posted on 04/30/2014 4:35:16 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: Carbonsteel

They will be when the Dollar loses reserve currency status. It’ll be too late by then, but they’ll notice it.


30 posted on 04/30/2014 4:41:38 PM PDT by Trod Upon (Every penny given to film and TV media companies goes right into enemy coffers. Starve them out!)
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To: central_va

With bad news like this, the DOW is setting records. If the economy totally tanked the DOW would hit a million!


31 posted on 04/30/2014 4:42:29 PM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
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To: ArmstedFragg

because of global warming doncha know...


32 posted on 04/30/2014 4:43:14 PM PDT by Blue Highway
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To: Junk Silver

Don’t we have inflation picking up, too?


33 posted on 04/30/2014 4:44:13 PM PDT by tbw2
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To: Red in Blue PA

I feel another “Recovery Summer” coming on from the 0bama regime. What does this make? Four, five?


34 posted on 04/30/2014 4:48:19 PM PDT by The Sons of Liberty ("Our brethren are already in the field! Why stand we here idle?" - Patrick Henry, 1775)
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To: Red in Blue PA

Meanwhile, in Bristol Tennessee......

A union company closes rather than bow to union demands

” SPARTANBURG, S.C., April 29, 2014 (GLOBE NEWSWIRE) — Synalloy Corporation (SYNL), a growth oriented company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, specialty chemicals and fabrication of stainless and carbon piping systems, announces the planned closure of the Bristol Fabrication unit of Synalloy Fabrication, LLC (”Bristol Fab”). The Company delivered WARN Notices to employees, union representatives and local elected officials on April 28th. Bristol Fab’s closure is currently scheduled for June 27, 2014


35 posted on 04/30/2014 4:48:54 PM PDT by bert ((K.E. N.P. N.C. +12 ..... History is a process, not an event)
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To: tbw2

The Fed actually wants more inflation - If I recall correctly they claim that a 2% inflation rate is ideal to grow the economy. What 2% inflastion actually is ideal for is inflating away the hopeless foreign debt the USA has accrued, by essentially stealing from everyone who uses dollars as a store of value.

Imagine if you discovered that someone was removing $2.00 for every $100 you had in the bank every year. That’s essentially what inflation does. Prior to the creation of the Fed in 1913 the US dollar tended to increase in value over time.

We are all being looted.


36 posted on 04/30/2014 4:53:53 PM PDT by Junk Silver
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To: kabar

0.1% is below stall speed. You need to grow 2.5% a year just to keep up with population growth.
**************************************
You need 3% to keep up with (stated) inflation and 15% to keep up with food/energy/housing inflation this year...luckily those numbers are either ignored or fudged so we’re doing just fine.


37 posted on 04/30/2014 4:59:37 PM PDT by Neidermeyer (I used to be disgusted , now I try to be amused.)
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To: Red in Blue PA

Winter weather? A harsh winter? I thought we had global warming?


38 posted on 04/30/2014 5:04:52 PM PDT by grumpygresh (Democrats delenda est. New US economy: Fascism on top, Socialism on the bottom.)
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To: central_va

Control + P


39 posted on 04/30/2014 5:10:51 PM PDT by ponygirl (Be Breitbart.)
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To: Red in Blue PA
We are contracting.
40 posted on 04/30/2014 5:30:05 PM PDT by SoFloFreeper
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To: tet68

What you said.
And he has all his federal agencies armed to the teeth.

He is setting us all up for an economic collapse with them in charge. “never let a crisis go to waste”.

Keep an eye out for these criminals to do unthinkable things.


41 posted on 04/30/2014 6:20:02 PM PDT by Texas resident (The democrat party is now the CPUSA)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Thanks Red in Blue PA.

One-Tenth of 1% Economic Growth! [Rush Limbaugh]
http://www.freerepublic.com/focus/news/3150633/posts


42 posted on 04/30/2014 6:40:35 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: Red in Blue PA

“Gross domestic product, the broadest measure of economic activity, grew at a 0.1% annual pace in the first quarter, the U.S. Bureau of Economic Analysis reported Wednesday.”

If only ONE parameter has a rise, only that will be reported.....thus....
there will ALWAYS be reported economic growth, for one reason, to justify the constant rising price pressures of vital essential goods, food, and energy costs.......Due to the flooding of government paychecks and pensions into the markets and economy.

Only parameters that indicate % rise for that quarter are propagandized, while all others are surpress or hidden (such as private sector employment, housing sales, food costs, fuel costs, transportation vehicle prices).

Furthermore, the historical impact percentages, are ALWAYS NEVER reported, such as the comparisons of who actually OWNS a home or vehicle VS. “owning” a a mortage or “owning” vehicle payments, compared to 30-40 years ago, when corporation and government communism took over the U.S.

brainwashed most into believing “owing” is owning”


43 posted on 04/30/2014 7:01:05 PM PDT by Varsity Flight (Extortion-Care is the Government Work-Camp: Arbeitsziehungslager)
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To: Red in Blue PA
I guess it is better than .001%.

Wake up America, I long for the days of Jimmy Carter!!! November 2016 can't come fast enough....

44 posted on 04/30/2014 7:31:24 PM PDT by ExCTCitizen (I'm ExCTCitizen and I approve this reply. If it does offend Libs, I'm NOT sorry...)
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To: tet68

I pretty much agree. The guy has set back this nation twenty years.


45 posted on 05/01/2014 1:03:39 AM PDT by DoughtyOne
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To: The Sons of Liberty

Recovery Summer

Job Lock

It’s like living in an Orwell novel.


46 posted on 05/01/2014 8:32:51 AM PDT by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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