Thursday, June 16, 2011

ObamaNomics: Lousy, Again

You noticed this if you were in business.

Second verse, same as the first: The quarter when the economy was supposed to stage its comeback is looking just as bad as its disappointing predecessor.

... after a major bummer of an inflation report, Macroeconomic Advisers, the highly respected forecasting firm, lowered its annualized second quarter G.D.P. forecast to 1.9 percent.

For reference, when the quarter began, Macroeconomic Advisers was expecting 3.5 percent growth --NYT quoted at CalcRisk

All those ATM's and kiosks and teleprompters....

1 comment:

steveegg said...

But especially teleprompters