More economic good news!!

[Zander]

Obama ass sniffers are celebratory!! 1st Qtr GDP revised to NEGATIVE 1%...

Stock Markets, Business News, Financials, Earnings - CNBC
he U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter, but there are signs activity has since rebounded.

The Commerce Department on Thursday revised down its growth estimate to show gross domestic product shrinking at a 1.0 annual rate.

It was the worst performance since the first quarter of 2011 and reflected a far slower pace of inventory accumulation and a bigger than previously estimated trade deficit.

Read More Pending home sales up just 0.4% in April

The government had previously estimated GDP growth expanding at a 0.1 percent rate. It is not unusual for the government to make sharp revisions to GDP numbers as it does not have complete data when it makes its initial estimates.

5.5 years of Obama =5.5 years of Malaise.

 

[Avatar4321]

Well the economy is recovering...

 

[CrusaderFrank]

Obama ass sniffers are celebratory!! 1st Qtr GDP revised to NEGATIVE 1%...

Stock Markets, Business News, Financials, Earnings - CNBC
he U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter, but there are signs activity has since rebounded.

The Commerce Department on Thursday revised down its growth estimate to show gross domestic product shrinking at a 1.0 annual rate.

It was the worst performance since the first quarter of 2011 and reflected a far slower pace of inventory accumulation and a bigger than previously estimated trade deficit.

Read More Pending home sales up just 0.4% in April

The government had previously estimated GDP growth expanding at a 0.1 percent rate. It is not unusual for the government to make sharp revisions to GDP numbers as it does not have complete data when it makes its initial estimates.

5.5 years of Obama =5.5 years of Malaise.

The forecast is Racist!

 

[LordBrownTrout]

This is exciting!!!!!!!!!!!!!!!!!!!!!!!

 

[Avorysuds]

But the rich people on walll street keep making the markets look good under Obama........ Prof that the economy is blazing new ground under the great demi god leader. RW will tell you, FranhasHPV will tell you, Chris will tell you, Swallow will tell you, Rtard will tell you!!! If the markets are good under Democrats yet the rest of the country is getting poorer it's great!! If the same thing happens under a Republican they have sold out the country to the rich.

 

[Avorysuds]

Oh and looking at bad news as bad news makes you a negative hater who only wants bad news.... Only if you do it under a Democrat. Under Bush or Republicans, if you do the very same thing you're and honest intellectual.

 

[bedowin62]

this is REALLY bad; considering obama's economic numbers are ALMOST ALWAYS REVISED DOWNWARD.

 

[The Rabbi]

Well. that recovery was quick.
Actually it wasnt. It was an average period for a recovery. No one noticed because the recovery was so tepid most people assumed we were still in a recession.
Obama's economic policies represent a failure so stark only the most brain dead partisan could deny it.

 

[Avorysuds]

I love it, it shrank because of a harsh winter lol. I guess Obama gets off on this one too because of Global freezing.