Skip to comments.US economy shrank at steep 2.9 percent rate in Q1
Posted on 06/25/2014 7:40:55 AM PDT by Phlap
The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago.
(Excerpt) Read more at ajc.com ...
Let me be the first to say it
ISIS in Iraq: Bush’s fault
Economy in 2014: Bush’s fault
First quarter of Obamacare implementation.
Where’s that grain of salt?
His legacy just keeps growing! What next?
Not to be contradictory, but the exporting of our economy has been happening for an entire generation.
Yet it is Obama’s fault. But it is also Bush’s fault.
Nobody is doing even one thing, to bring back American jobs.
Those jobs that 12 year olds are doing in China r not the jobs that we want here in America. Look, if the skill level requires an uneducated impoverished person to do that job, it’s not something we should be looking to get back. Unless of course you want to be paying $500 for a pair of levis...
Not buying the whole bad weather thing. Lots of folks spent lots of money here in the Northeast - new tires, rock salt, shovels, snow plows, etc. Also, generators, candles, and canned goods. Plus, every time there’s a threat of a snow storm everybody runs to the supermarket to buy eggs, bread, milk, and toilet paper along with a goody or two.
America is falling to pieces.
Granted the pace of destruction is not yet critical, but look all around you.
We have high unemployment. Our government is taking over ever more of our lives, as ever more Americans become dependent upon the government, because their jobs are being outsourced.
This destruction has now happened for an entire generation.
I don’t know if I agree with you anymore.
Bring back jobs. Jobs. Jobs.
Stand up GOP, for Americans.
‘Get the washing machine out MSM, time to SPIN, SPIN, SPIN!!!’
Obama takes the credit ,it was Obamacare saved money .D’oh
“..Nobody is doing even one thing, to bring back American jobs.”
Well, Congress has the power to fix most of it all. But they remain complicit and dysfunctional costing America its treasure, power and freedoms. All the REASONS that America continues in an accelerating tailspin are ignored by the Congress.
As I usually say, Congress fiddles while America burns. SSDD.
I agree completely.
The big problem is, the solution will be (greatly) different depending on who stands up for America first.
If Republicans get with it, turn around 180 degrees and bring back jobs to America, America will regain its composure and we will compete in good nature with China and the world will improve.
The thing is, if the Republicans don’t do anything but rather stand to one side (which is their approach at the moment, just worrying about their wallets) then I fear for America’s future greatly.
Eventually the Democrats in that case, will demand America bring back jobs.
And it will involve communism.
GOP stand up. Right now.
Still spinning that BS. Like we never had winter before.
not yet critical....unless your an unborn baby, then its been worse than critical at the rate of 1000 a day for over three decades.
"Most analysts also foresee the economy expanding at a healthy rate of around 3 percent in the second half of this year."
Uh huh... sure they do.
Thanks for clarifying where you’re coming from. I do agree, except on the point that no communist country will ever compete in good nature with a capitalist one.
The GOP establishment is in cahoots with the Democrats. The Mississippi runoff election proved that beyond a shadow of a doubt.
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