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When it comes to the U.S. economy, the glass just went from half full to half empty.
CNN Money ^ | 6/16/14 | Annalyn Kurtz

Posted on 06/16/2014 12:24:25 PM PDT by TangledUpInBlue

So much for that hopeful thinking. Half-way through the year, forecasts are being slashed. The latest Zorro move comes from the International Monetary Fund. The organization said Monday that the U.S. economy would only grow 2% this year, down from it earlier forecast of 2.8%.

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


TOPICS: News/Current Events
KEYWORDS:
I also love this quote....

"With Obamacare coming into effect, the Commerce Department assumed health care spending rose dramatically in the first quarter. Now, it looks like that assumption was flawed."

Are these people idiots? Like the people who need Obamacare the most actually have money to spend on discretionary medical treatments???

Unbelievable.

1 posted on 06/16/2014 12:24:25 PM PDT by TangledUpInBlue
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To: TangledUpInBlue

totally unexpected.


2 posted on 06/16/2014 12:27:58 PM PDT by Jim Robinson (Resistance to tyrants is obedience to God!!)
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To: TangledUpInBlue

3 posted on 06/16/2014 12:28:26 PM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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Hope for Spare Change


4 posted on 06/16/2014 12:30:10 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%i)
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To: TangledUpInBlue

The only people who are changing their expectations are the idiots at CNN and the other Lib media sources. Pretty much everyone else knew we were screwed ever since Obama enacted his spending binge program and Obamacare.


5 posted on 06/16/2014 12:34:58 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: TangledUpInBlue

Of course it is believable!

After all, what did you think Obama meant when he promised in 2009 to “Fundamentally transform the United States of America?”


6 posted on 06/16/2014 12:39:12 PM PDT by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: TangledUpInBlue

No, idiot! (Kurtz, not you Tangle). The glass went from two thirds empty to three quarters empty.


7 posted on 06/16/2014 12:43:07 PM PDT by norwaypinesavage (The Stone Age didn’t end because we ran out of stones)
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To: TangledUpInBlue

CNN: U.S. economy: Not looking so good

CNN is now saying this?

A cold wind in gunna blow...

Bet the rent.


8 posted on 06/16/2014 12:43:46 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: TangledUpInBlue
"With Obamacare coming into effect, the Commerce Department assumed health care spending rose dramatically in the first quarter.

Gee, I thought Obamacare was supposed bend the cost curve down. So why would Commerce assume health spending would rise dramatically, as though that were a good thing?

9 posted on 06/16/2014 12:49:06 PM PDT by kevao (Biblical Jesus: Give your money to the poor. Socialist Jesus: Give your neighbor's money to the poor)
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To: norwaypinesavage

Lib explanation:

Just evaporation brought on by rising global temperatures! The economy is fine.... /sarc


10 posted on 06/16/2014 12:49:34 PM PDT by TangledUpInBlue (I have no home. I'm the wind.)
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To: TangledUpInBlue
They also said this (from another report on Yahoo Finance):

One highly debated issue is on the minimum wage. The IMF is forecasting that the U.S. minimum wage should be increased. On this matter it said:

This would help raise incomes for millions of working poor and would have strong complementarities with the suggested improvements in the EITC, working in tandem to ensure a meaningful increase in after-tax earnings for the nation’s poorest households.

Sure....just create more money out of thin air. To hell with all the ramifications. That's their solution.

11 posted on 06/16/2014 12:54:56 PM PDT by edpc (Wilby 2016)
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To: edpc

People who write garbage like that have no clue what they’re talking about. It amazes me.

Sure, the person employed will see more income. Maybe they’ll progress out of the EITC. But what of the person that was laid off to pay the other? His drain on the system is now revenue neutral? I doubt it. It boggles my mind.

As if finding a way around the 30 hour work week for providing benefits was hard? Simply reduce hours to 28. Cut back! They don’t think that businesses will find a way around this???


12 posted on 06/16/2014 12:58:57 PM PDT by TangledUpInBlue (I have no home. I'm the wind.)
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To: TangledUpInBlue

It’s Recovery Summer! Again!


13 posted on 06/16/2014 1:05:49 PM PDT by Kharis13 (That noise you hear is our Founding Fathers spinning in their graves.)
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To: Kharis13

Democrat Party entering complete butt-puckering panic mode in 3....2.....1.....


14 posted on 06/16/2014 1:20:33 PM PDT by Buckeye McFrog
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To: edpc

The ramification will be higher unemployment. Oh well, who’da thunk it.


15 posted on 06/16/2014 1:31:55 PM PDT by Rich21IE
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To: TangledUpInBlue

IMF said to SPEND MORE on Infrastructure in USA, like those shovel ready jobs? I thought we already did that! wink wink nudge nudge...
and raise the minimum wage, that will cause everything to cost more.
and raise the gasoline tax, only hurts people who HAVE TO DRIVE TO WORK EVERY DAY
and get rid of individual income tax deductions....
a liberal wet dream for decades


16 posted on 06/16/2014 2:04:43 PM PDT by buffyt (It is not a CHOICE, it is a CHILD OF GOD!)
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To: TangledUpInBlue
I think the markets always find their equilibrium. Real Estate, PMs, Labor etc.... I am becoming optimistic maybe things are improving slowly out of demand. In buckhead Atlanta, there is at least 7 cranes piercing g two atmospheres. In two weeks of hard networking, I gained new employment, albeit when I was employed. I believe, the recent college grads who went back to the nest, might be leaving, and maybe not owning, or even renting their own place. This is stirring up commerce. Too bad we do not manufacture like 30-40 years ago, never-mind 50 or 60.

I think things will be better, despite our lousy stewards of government.< It better, I'm putting my career on the line, and I feel good about it. I hope we all do better, go USA!

17 posted on 06/16/2014 2:08:21 PM PDT by guyfromjrz (fresh breath, it speaks for itself.)
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To: TangledUpInBlue

when economy’s been reported good - obama gets credit

when economy’s been reported bad - bush’s fault

/msm spin cycle


18 posted on 06/16/2014 2:19:10 PM PDT by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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