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Economy Shrinks 1% In First Quarter
Breitbart ^ | 05/29/2014 | John Nolte

Posted on 05/29/2014 9:23:13 AM PDT by Jim from C-Town

The Bureau of Economic Analysis released its revised assessment of the first quarter of 2014's Gross Domestic Product and revised it down to -1%. The initial assessment said the economy had at least grown, but only by .01%.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy
KEYWORDS: lielielie; obamatheliar; obamavsamerica; typicalfederalliars
Lies always catch up with you in time!

Happy Days are Here Again!

https://www.youtube.com/watch?v=gqsT4xnKZPg

1 posted on 05/29/2014 9:23:13 AM PDT by Jim from C-Town
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To: Jim from C-Town

Watch them cook the books like never before,can’t have two down quarters in a row.Not until after the election anyway.....


2 posted on 05/29/2014 9:27:43 AM PDT by Farmer Dean (stop worrying about what they want to do to you,start thinking about what you want to do to them)
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To: Jim from C-Town
Lies always catch up with you in time!

Yes. Eventually you just look stupid when you keep trying to bluff with the cards already on the table.

3 posted on 05/29/2014 9:28:01 AM PDT by fwdude ( You cannot compromise with that which you must defeat.)
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To: Jim from C-Town

Unexpected...???


4 posted on 05/29/2014 9:28:15 AM PDT by AngelesCrestHighway
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To: Jim from C-Town

Summer of Recovery XXIII!!!!!!!


5 posted on 05/29/2014 9:29:05 AM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Jim from C-Town
Welcome to The New Normal.

Just imagine if this had happened under Bush.

6 posted on 05/29/2014 9:29:41 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Jim from C-Town

Even the usual White House book-cooking can’t keep pace with the FAIL that is Baraq Obama.


7 posted on 05/29/2014 9:30:25 AM PDT by Hoodat (Democrats - Opposing Equal Protection since 1828)
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To: Jim from C-Town

Google already has a “why the drop is good for the U.S.” story from BusinessWeak up on their “news” page.

Up or down, anything is always better if the President is brown.


8 posted on 05/29/2014 9:51:24 AM PDT by Regulator
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To: Jim from C-Town
The only thing that was selling well in the first quarter was ROCK SALT and other ice melter products. The rock salt mines in the northeast were running 24/7 and literally loads trucks at 3am on a Sunday. The global cooling made everyone Else's business contract.
9 posted on 05/29/2014 9:55:39 AM PDT by woodbutcher1963
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To: woodbutcher1963

Got that right. By the end of January most places where I’d normally buy rock salt were out and said they could get no more. One local hardware store had an owner who would work the phones every day looking for supplies. When he managed to land a pallet he’d blow through it in two hours. Was able to name his price too.


10 posted on 05/29/2014 10:16:31 AM PDT by Buckeye McFrog
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To: Buckeye McFrog

The city of Pittsburgh took all the rock salt in the area by eminent domain. They needed it for the city streets and could not get any.

You could not buy calcium chloride anywhere in the US. Most of it comes from China now. DOW brings it up the big muddy to the OH river and off loads it in Pittsburgh. They distribute it from there all over the northeast.

The guy sitting next to me sold over 600 trucks of rock salt this year out of American Rock Salt in Mount Morris, NY. It is the biggest salt mine in the country.

The state of NH brings in boat loads of Sea Salt from Saudi Arabia. The have huge desalinization plants that turn sea water into fresh water. The by product being sea salt. They basically give it away. That is why they can ship it literally half way around the world and it is still cheaper than rock salt from NY, 300 miles away.


11 posted on 05/29/2014 1:02:19 PM PDT by woodbutcher1963
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To: Jim from C-Town

S&P closed at a record high and treasury yields plunged to 12 month lows.


12 posted on 05/29/2014 1:04:41 PM PDT by Wyatt's Torch
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To: Jim from C-Town

Lakshman Achuthan, May 1: http://live.wsj.com/video/is-the-us-heading-toward-a-deeper-downturn/7D692B2E-3896-4AE2-AA44-06BA0342BF48.html#!7D692B2E-3896-4AE2-AA44-06BA0342BF48


13 posted on 05/29/2014 1:14:05 PM PDT by cynwoody
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