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We Just Got A Horrible GDP Report, And Here's Why You Shouldn't Care (Spin City)
Yahoo (Business Insider) ^ | 06/25/14 | Joe Weisenthal

Posted on 06/25/2014 8:02:22 AM PDT by nhwingut

YIKES! We just got the third revision to Q1 GDP, and it was horrible. After an initial estimate showing a mere 0.1% gain in growth in the first quarter, the government now says the economy shrunk at a staggering 2.9% pace, making it the worst quarter Q1 2009, at the pit of the financial crisis.

So should you worry?

Absolutely not.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; gdp; mediabias
Too funny.
1 posted on 06/25/2014 8:02:22 AM PDT by nhwingut
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To: nhwingut

Nope, no reason to worry - just keep pumping your money into the stock market, but know that everything crashes about 9/13/15.

Get out before then.

Yes, I’m “setting dates”.


2 posted on 06/25/2014 8:03:49 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: nhwingut

Amazing isn’t it?


3 posted on 06/25/2014 8:04:31 AM PDT by mylife
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To: nhwingut
Too funny.

If it weren't so scary. This, after the inflation articles yesterday? We're in trouble, and I don't care how it's spun by the midstream media. It's gonna get ugly.

4 posted on 06/25/2014 8:04:49 AM PDT by dware (3 prohibited topics in mixed company: politics, religion and operating systems...)
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To: nhwingut

You might be able to justify ONE, Count it, ONE bad quarter every ONCE in a WHILE...

This Admin has beeen Justifying, ONE AFTER ANOTHER bad economic report....

Things are being propped up by mere WORDS at this point...


5 posted on 06/25/2014 8:05:54 AM PDT by GraceG (No, My Initials are not A.B.)
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To: nhwingut
I don’t see any problem here. All Obama has to do is sign an executive order changing the growth number from -2.9% to +2.9%.
6 posted on 06/25/2014 8:08:34 AM PDT by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
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To: MrB

Why that date?

BTW, I’ve gone on record since Obama’s re-election that we will not survive his presidency. I also penned this on the 20th:

http://freerepublic.com/focus/f-news/3170217/posts


7 posted on 06/25/2014 8:12:27 AM PDT by cuban leaf
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To: GraceG

This is like when Hitler would go on the radio during the last few months of the Second World War and he’d say that German troops were winning victory after victory. The citizens of Berlins were all asking themselves if that was true why then were they getting the hell bombed out of them every day. Obama is Hitler in his bunker mentality openly lying as the country is burning down.


8 posted on 06/25/2014 8:12:42 AM PDT by GilGil
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To: nhwingut
Ignore that man behind the curtain I tell ya, IGNORE HIM!


9 posted on 06/25/2014 8:12:48 AM PDT by OneVike (I'm just a Christian waiting for a ride home)
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To: nhwingut

Joe Weisenthal is an apologist for the Obama administration. He has consistently poo-pooed all negative economic news as either “Bushes Fault” or “Do Nothing Congress”. He plays well to the Low Information Voter.


10 posted on 06/25/2014 8:13:05 AM PDT by HOYA97 (twitter @hoya97)
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To: nhwingut

BI is left wing drivel.......................


11 posted on 06/25/2014 8:13:10 AM PDT by Red Badger (I've posted a total of 2,743 threads and 84,837 replies.)
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To: Leaning Right

I’m a small construction business owner with my husband. I’ve been saying for a few months that I feel the economy slowing. We’re in FL, can’t blame the weather.


12 posted on 06/25/2014 8:13:36 AM PDT by No Socialist
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To: nhwingut

First CNN, now Yahoo News. Its absolutely amazing. Its become such an article of faith among MSM reporters that the economy is recovering under the Obama plan that any evidence to the contrary is dismissed out of hand. This could have been a 5% drop — it wouldn’t have mattered to these reporters.


13 posted on 06/25/2014 8:13:52 AM 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: nhwingut
Talk about idiotic spin. First, work hours can or CANNOT be a substitute for employment. In the Great Depression, when FDR enacted the first variant of the minimum wage law in 1934, work hours plummeted. Even though, by 1938 employment came back a little, work hours continued to stay at very low levels.

It can be just the opposite: in a bad economy---as my son just proved---when you don't have good full time work, you work two part-time worse-paying jobs. Work hours RISE, but overall employment won't.

Second, how long are they gonna ride the "bad winter" horse? "The data is old?" The data is ALWAYS old. Did they ever use that excuse with Bush---"Oh, don't worry about these numbers. They're three months old." Utterly moronic.

Third, health care SPENDING should BOOST the economy, so if there was more Obamacare spending, economic activity should have increased.

I've heard murderers with better phoney stories than this.

14 posted on 06/25/2014 8:21:45 AM PDT by LS ('Castles made of sand, fall in the sea . . . eventually.' Hendrix)
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To: Opinionated Blowhard

Read the comments in the OP. Nobody’s buying it.

I think the only voters that buy this BS are the same ones that voted in Florida for Buchannon in 2000.


15 posted on 06/25/2014 8:23:08 AM PDT by cuban leaf
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To: No Socialist
There was a post on another website (ZeroHedge, I believe) where someone remarked that he's seeing less foot traffic everywhere. Less shoppers in stores, restaurants, etc.

I've noticed much the same thing.

16 posted on 06/25/2014 8:24:16 AM PDT by Leaning Right (Why am I holding this lantern? I am looking for the next Reagan.)
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To: nhwingut

You are getting very sleepy...


17 posted on 06/25/2014 8:24:28 AM PDT by Altura Ct.
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To: MrB
know that everything crashes about 9/13/15.

Why so far away? You think the smoke and mirrors have another year before complete collapse?

18 posted on 06/25/2014 8:26:24 AM PDT by old and tired
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To: nhwingut

Comments at Yahoo are (or rather were) uniformly mocking of this tripe. So now mysteriously comments won’t load...


19 posted on 06/25/2014 8:34:39 AM PDT by piytar (The predator-class is furious that their prey are shooting back.)
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To: nhwingut

Horray! Obama’s policies have resulted in an increase of our chocolate rations from 30 grams to 25 grams!


20 posted on 06/25/2014 8:38:25 AM PDT by piytar (The predator-class is furious that their prey are shooting back.)
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To: cuban leaf

Has to do with “the Harbinger” and “signs in the heavens”.

7 year cycles of judgement starting with 9/11/01...

Tetrad of eclipses on Jewish holy days...

Yep, sounds kookie to me too. :)


21 posted on 06/25/2014 8:39:06 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: nhwingut
Here's Why You Shouldn't Care:

"When you got nothing you got nothing to lose"

-- Bob Dylan (Like A Rolling Stone)


22 posted on 06/25/2014 8:40:20 AM PDT by Iron Munro (The Obamas' Black skin has morphed into Teflon thanks to the Obama Media)
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To: nhwingut
From the article:

First, this is old, old data. It's almost July, and we're talking about data that goes from January through March. And as we know, the weather was horrendous in that quarter.

And we all know that this "Bad Weather Penomennom" is something that has never before happened in a presidential term since the minute George Washington left Valley Forge for the Presidency.

I think there is no question that the reason the Weather God gave us bad weather for the first time in over 200 years is because Obama is black.

/s


23 posted on 06/25/2014 8:49:04 AM PDT by Iron Munro (The Obamas' Black skin has morphed into Teflon thanks to the Obama Media)
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To: nhwingut

Did he borrow from Annalyn Kurtz or vice verse?


24 posted on 06/25/2014 9:00:46 AM PDT by Robert DeLong (u)
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To: nhwingut

The numbers out of DC are even less accurate then the numbers out of China.


25 posted on 06/25/2014 9:48:10 AM PDT by justa-hairyape (The user name is sarcastic. Although at times it may not appear that way.)
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