Why a grim US economic picture is brightening (technicolor barf alert)

Associated Press ^ | 6/24/2014 | CHRISTOPHER S. RUGABER and MARTIN CRUTSINGER

[RightGeek]

WASHINGTON (AP) -- When the government updates its estimate Wednesday of how the U.S. economy fared last quarter, the number is pretty sure to be ugly. Horrible even.

The economy likely shrank at an annual rate of nearly 2 percent in the January-March quarter, economists estimate. That would be its bleakest performance since early 2009 in the depths of the Great Recession.

So why aren't economists, businesses or investors likely to panic?

Because most agree that the economy last quarter was depressed by temporary factors - particularly the blast of Arctic chill and snow that shuttered factories, disrupted shipping and kept Americans away from shopping malls and auto dealerships.

[snip]

AP so just an excerpt but the punchline is everything is now coming up roses!

[RightGeek]

Meanwhile the Fuehrer announced great victories on the Russian Front.

[Huskrrrr]

Whistling in the dark.

[ClearCase_guy]

So why aren't economists, businesses or investors likely to panic?

Because it would be unseemly to panic. Our president is black, you know.

[FlingWingFlyer]

From the clowns at Barry’s Ass. Press.

[doc1019]

Obviously none of these a$$hats are on a fixed income.

[2ndDivisionVet]

I’ve been seeing this same story for almost six years. It’ll probably come true in the second quarter of the Cruz/Palin administration...

[SoFloFreeper]

I am reading “Modern Times” by Paul Johnson right now. He talks about how the Soviet government manipulated the media to talk about how GREAT the economy was doing when the economy was dying.

The exact same thing is happening in America today.

Frank Marshall Davis’ protege—along with his boss Valerie— is doing the same thing with most media in the USA.

[Objective Scrutator]

We need to return to the gold standard and annihilate taxes. Why would anyone want to invest if the IRS is just going to punish them for doing so, and the Federal Reserve continues to pursue policies which place us further into debt?

[uncitizen]

Making sure we don’t think about the economic damage tens of thousands of illegals inside our borders will cause.

[goodnesswins]

After you’re done with that book...try “Disinformation” by a former KGB guy!

[Jeff Chandler]

I remember when Bush presided over the worst economy since the Great Depression.

[nathanbedford]

A realistic evaluation of the last quarter of 2013 would reveal zero or slightly negative growth. Even the Associated Press acknowledges minus 2% for the first quarter of 2014. Two consecutive quarters of negative growth put us in a recession.

One has to read virtually all the way through the article to learn at the foot of the piece that all of the optimistic talk of a pickup in employment is bogus because of the way the government has commenced counting the unemployed.

Housing is a catastrophe. The mortgage situation is hardly improved. This sector alone could tip this back into a recession which might this time be acknowledged as such.

To blame the first quarter shrinkage on cold weather in winter is mindful of the global warming debate in which we should be surprised that summers are warm and now we should be surprised that winters are cold.

God knows what the true impact on the economy is of Obamacare and how that is being counted.

Part of the destruction of America which is being generated by this government is being generated by the way it lies to us with statistics.

[gusopol3]

Aw, heck. Here comes 30 cent rise in gas price.

[FBD]

“So why aren’t economists, businesses or investors likely to panic?
Because most agree that the economy last quarter was depressed by temporary factors - particularly the blast of Arctic chill and snow that shuttered factories, disrupted shipping and kept Americans away from shopping malls and auto dealerships.”

---

-well, that’s the first time global warming hasn’t been responsible for something in the last ten years.

[wku man]

Brightening? Have either of them gone to the grocery store or gas station lately?

Scouts Out! Cavalry Ho!

[Seaplaner]

...US economic picture is brightening...

Yes...(cough, cough)... of course it is.

And I, for one, think that this phenomenon needs a memorable moniker.

What to call it? ... What to call it?

Oh, I've got it.

What do you think of...

...Recovery Summer?

.

[Newtoidaho]

Not only that, but record wheat harvests too.

[4Liberty]

[4Liberty]