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US economy shrank at steep 2.9 percent rate in Q1
AP ^ | 06/25/2014 | MARTIN CRUTSINGER

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 ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: economy; gdp
But don't worry. Barry will fix everything. lol
1 posted on 06/25/2014 7:40:55 AM PDT by Phlap
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To: Phlap

Let me be the first to say it

ISIS in Iraq: Bush’s fault

Economy in 2014: Bush’s fault


2 posted on 06/25/2014 7:43:05 AM PDT by Old Teufel Hunden
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To: Phlap

First quarter of Obamacare implementation.

Where’s that grain of salt?


3 posted on 06/25/2014 7:43:49 AM PDT by cicero2k
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To: Phlap

His legacy just keeps growing! What next?


4 posted on 06/25/2014 7:44:19 AM PDT by Rennes Templar (If Obama hated America and wanted to destroy her, what would he do differently?)
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To: Old Teufel Hunden

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.

Nobody.


5 posted on 06/25/2014 7:44:39 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Phlap
Barry will surely fix ..both the economy and the global climate disruption that eventuated this sharp dip.. in the economy.

hes really quite powerful ya know....since he made that deal of a lifetime.....


6 posted on 06/25/2014 7:46:08 AM PDT by MeshugeMikey ( "Never, never, never give up". Winston Churchill)
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To: Cringing Negativism Network

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...


7 posted on 06/25/2014 7:47:43 AM PDT by Old Teufel Hunden
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To: Phlap

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.


8 posted on 06/25/2014 7:50:10 AM PDT by old and tired
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To: Old Teufel Hunden

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.


9 posted on 06/25/2014 7:50:21 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Phlap

‘Get the washing machine out MSM, time to SPIN, SPIN, SPIN!!!’


10 posted on 06/25/2014 7:53:09 AM PDT by Fedupwithit (If you never stop giving, they will never stop taking...some day the bird needs a push from the nest)
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To: Phlap

Obama takes the credit ,it was Obamacare saved money .D’oh


11 posted on 06/25/2014 7:54:51 AM PDT by molson209 (Blank)
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To: Cringing Negativism Network

“..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.


12 posted on 06/25/2014 7:57:20 AM PDT by EagleUSA
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To: Cringing Negativism Network
"Nobody is doing even one thing, to bring back American jobs."

It seems to me that the decline of wages and the need for two-income households pretty much maps with the rise of the feminist movement and the mass entry of women into the workforce in the early 70s. Coincidence? A chicken-and-egg conundrum? I don't know.
13 posted on 06/25/2014 8:06:05 AM PDT by Steve_Seattle
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To: EagleUSA

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.

I’m series.

GOP stand up. Right now.


14 posted on 06/25/2014 8:06:58 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Phlap
"....a harsh winter contributed to the biggest contraction since the depths of the recession five years ago."

Still spinning that BS. Like we never had winter before.

15 posted on 06/25/2014 8:13:43 AM PDT by cincinnati65
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To: Steve_Seattle
........mass entry of women into the workforce

You will never get that Genie back into the bottle.

Women want to work today. You ask a young women today what they want to do with their lives. Career is the first thing mentioned. Having kids is an afterthought. Marriage is also becoming that way too. All of this is understandable, given today's realities.
16 posted on 06/25/2014 8:14:55 AM PDT by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution)
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To: Phlap


17 posted on 06/25/2014 9:11:27 AM PDT by Iron Munro (The Obamas' Black skin has morphed into Teflon thanks to the Obama Media)
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To: Cringing Negativism Network

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.


18 posted on 06/25/2014 9:34:20 AM PDT by TomasUSMC (FIGHT LIKE WW2, WIN LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM.)
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To: 3Fingas
"You will never get that Genie back into the bottle. Women want to work today. You ask a young women today what they want to do with their lives. Career is the first thing mentioned. Having kids is an afterthought. Marriage is also becoming that way too. All of this is understandable, given today's realities."

I wasn't suggesting that we could turn the clock back. It won't happen. But I disagree that young women are as much in love with their "careers" as you suggest. Before I retired, I personally knew of three who would leave their good-paying jobs if they could afford to. And keep in mind that most women don't have "careers," they have "jobs." A lot of them would quit those jobs in a New York minute if they could afford to. My girlfriend works with three or four young mothers who are juggling their jobs (bakers) with their family lives, and it is very difficult.
19 posted on 06/25/2014 10:23:22 AM PDT by Steve_Seattle
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To: Phlap
Later in the article:

"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.

20 posted on 06/25/2014 10:25:15 AM PDT by Cementjungle
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To: Cementjungle

21 posted on 06/25/2014 4:37:19 PM PDT by 4Liberty (Optimal institutions - optimal economy.)
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To: Cringing Negativism Network

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.


22 posted on 06/27/2014 7:42:44 AM PDT by Olog-hai
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