U.S. Economy Contracts in First-Quarter on Inventories, Trade (Revised to minus one percent)

Reuters ^ | Thursday, May 29, 2014 | Lucia Mutikani

[Cringing Negativism Network]

My own personal preference would be, that America would stop spending our money on stuff made in other countries, and we would rather bring back industry to America.

Just saying.

[Buckeye McFrog]

America needs jobs, and nobody is on our side. Nobody.

You sure seem right about that. The Republicans are not serious about creating jobs. And the Democrats most certainly aren't concerned with creating jobs.

But it is a HUGE issue to the public at large. Meaning they will turn their back on both parties and elect the first slick-talking charlatan who promises to make jobs his A#1 priority.

Can you say Hitler 2.0?

[Starboard]

If not for Obamacare expenditures the economy would have sunk even further:

http://www.zerohedge.com/news/2014-05-29/excluding-obamacare-us-economy-contracted-2-first-quarter

“As if the official news that the US economy is just one quarter away from an official recession (and with just one month left in the second quarter that inventory restocking better be progressing at an epic pace) but don’t worry - supposedly harsh weather somehow managed to wipe out $100 billion in economic growth from the initial forecast for Q1 GDP - here is some even worse news: if one excludes the artificial stimulus to the US economy generated from the Obamacare Q1 taxpayer-subsidized scramble, which resulted in a record surge in Healthcare services spending of $40 billion in the quarter, Q1 GDP would have contracted not by 1% but by 2%!”

[ealgeone]

Have you contacted the White House? They can use all the help they can get.

Are you kidding....bammy just heard about this!

[Wyatt's Torch]

Without Obamacare spending GDP would have contracted by 2%. Here is the jump in healthcare spending:

[Wyatt's Torch]

Yes you’ve been beating that drum incessantly in every economics post on FR.

[Cringing Negativism Network]

I would (much) prefer the Tea Party step up, and start to be all of our champions.

Tea Party stand up for American businesses.

I believe there is a whole huge amount of common ground, onto which a significant, real political party can be grounded firmly in America.

But I strongly believe it must involve industry. America needs to build things right here.

Tea Party, stand up for America.

[staytrue]

Here’s an idea:

How about shutting up unless you have something new to say.

Just saying.

[Oldeconomybuyer]

Another reason we need “comprehensive illegal alien reform”. /sarc

[1rudeboy]

My own personal preference would be, that America would stop spending our money on stuff made in other countries, and we would rather bring back industry to America.

Your personal preference to dictate how I, and not "America," spend my money is noted.

[citizen]

Blame it on Yellen! Things were getting better with Bernake Bucks boosting the economy.

[LostInBayport]

Fault of the wascally wepublicans that won't let zero have his way with the congress.

That will be the administration's response and sadly, there are still plenty of lo-info voters who will nod their bobble heads in agreement.

[raybbr]

Here’s an idea: How about shutting up unless you have something new to say. Just saying.

Go piss up a rope. Just saying....

[massmike]

I only hope Obama opens his newspaper soon,so he can find out about this like the rest of us!

Oh,who am I kidding? He has much more pressing issues on his mind:

[ExTxMarine]

Here’s an idea:

Bring back American manufacturing.

Just saying.

What company, what business, or what person with ANY common-sense would invest in building American manufacturing, when the US government is foisting regulation, upon regulation, and now planning to DRAMATICALLY, SIGNIFICANTLY INCREASE the cost of electricity? And I am not even talking about the ObamaCare taxes which have been pushed off for another year to two years (which means that I KNOW I will have more costs going forward)!

Everyone who screams "bring back American manufacturing" obviously has no clue what Obama and ALL the alphabet agencies are doing to American businesses.

As long as the Dems and entrenched Republicans continue to ignore the overreach of all of these federal agencies, there will not only be further departure of American manufacturing, there will be a MARKED decline in the quality of living for most Americans!

Just saying.

[Moonman62]

The U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter,

I've been following business for decades. Companies that blame the weather are usually full of BS.

[Moonman62]

Here’s an idea: Bring back American manufacturing.

Here's an idea. Bring back Reaganism.

[Cringing Negativism Network]

All I am saying is, we are currently (actively) building up a very large, very ambitious global competitor.

China is a real competitor.

To America. We need to pay less attention to our own challenges, and pay a whole lot more attention to our own global situation.

I do not say this as a former military person. I appreciate your service, and respect your opinion greatly, but we are giving the future to a massive communist country.

Think about that.

[Moonman62]

Just speculating here, but maybe — just maybe — this has something to do with the fact that some of the Obamacare mandates and taxes kicked in earlier this year and late last year. Nah, that can’t be it. Obamacare saved us money and was positive for the economy.

Yep. When the numbers first came out, they said if it weren't for O-care, the numbers would have been severely negative. Now that they've removed some of their criminal fudging, even O-care can't save them.

[Lazamataz]

You are among friends here, yet you are alienating everyone. Why is that? Because your posts amount to SPAM.

If you spent 1/100% the time actually working to bring ONE American job back, as you do posting the same old broken record tract, your efforts will have been actually productive and you would not be annoying Free Republic members.

I have a serious question: Have you ever been diagnosed with OCD?