The slowdown announced Friday — on top of another slowdown in the first quarter — is further proof that the president’s class-warfare economic rhetoric and policies are pushing the country perilously close to a double-dip recession.
The numbers are pretty stark: Growth of 2 percent for the first quarter was already scary, down from around 4 percent at the end of last year.
As we all know, "last year" was all BOOOOOOOSSSSSSSHHHHHH's work.
The rest of Obozo's Plan?
Obama’s Office of Management and Budget slashed its GDP forecast for 2012, to 2.3% from 2.7%, and for 2013, to 2.7% from 3.0%. --AOSHQ quoting AEI
Also noted by AEI and Ace:
[T]he IMF recently put out its extended forecast for the U.S economy, and its sees markedly slower growth than the White House: 2.0% in 2012, 2.3% in 2013, 2.8% in 2014, 3.3% in 2015...
IOW, Obozo's spinning.
Great Plan, B. Hussein!!! How's that gonna work out for you on Election Day, you socialist/Statist pig?
3 comments:
ARRA hasn't contributed positively to GDP in over a year. The government has been slashing jobs for 2 years. The data is clear. I'm not sure what you expect. I've been telling you for 4 years what kind of GDP we were going to get once ARRA was done and replaced with nothing.
Besides, you advocate running the English playbook and collapsing Gov. spending immediately so why do you care about GDP and jobs? At least be consistent and say that you'd rather us endure internal devaluation, wage deflation, liquidation and mass unemployment. You can't have healthy GDP and collapse G at the same time. We've only been proving that to you since 2008.
Hey how's that TIPS breakeven and 10 year treasury by the way? Signaling hyperinflation yet? Our full faith in credit must be flashing red by now? Haven't seen an update in almost a year.
Of Course the Obama plan is working with Spineless rat bastard RINOS Like John Boehner at the helm.
"GOP may let contraception rule take effect without a fight"
http://www.politico.com/news/stories/0712/79063.html#ixzz221CXUqPU
This is what todays Republicans do all the time.
see Link:
http://www.youtube.com/watch?v=KAp9sFVdERQ
That has nothing to do with the topic. You have a lot of trolls on here these days, Dadster.
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