RSSCorrection on Obama’s Economic Recovery … GDP Shrank 0.7% For Q1 2015 (GDP – 0.7%)
GDP Grew 0.2% For Q1 2015 >>> GDP Shrank 0.7% For Q1 2015.
The GDP was originally said to have grown at a meager 0.2% for the first quarter of 2015 back in April. That was bad enough, however, it gets worse. The GDP was revised down to -0.7%. That means that the economy actually shrank by 0.7%. There was no growth. Way to go Barack Obama with your lousy economic plan that has done nothing but make money for the Wall Street ultra-rich. The GDP in Q4 2014 was 2.6%. It would appear we are headed in the wrong direction. The report was the government’s second estimate of first-quarter GDP. It will publish a final estimate in June. Wow, it may actually get revised to an even worse number.
A tax cut or reduction of regulation is certainly not on the table for this socialist president. Of course Obama and his minions will point to the unemployment number of 5.4% for the uninformed in America. The reality is that unemployment is in double digits.
The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially thought.
The overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period, the Commerce Department reported Friday.
The revised figure, weaker than the government’s initial estimate of a meager 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of 2014, a slump that was also blamed on winter weather.
Posted May 29, 2015 by Scared Monkeys Barack Obama, Business, Divider in Chief, Economy, Epic Fail, GDP, Labor Force, Misleader, Recession | 4 comments |
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4 Responses to “Correction on Obama’s Economic Recovery … GDP Shrank 0.7% For Q1 2015 (GDP – 0.7%)”
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If actual data were used instead of the manipulated data, it would probably be twice or three times as bad as reported. The federal government has become completely untrustworthy under Obama.
Two consecutive quarters of negative GDP change is an official recession. It’s going to be very difficult for Hillary to win when that happens.
When we’re still talking about negative GDP numbers and see collapsing job and stock market numbers to go along with them next year, the GOP will win in a Reagan landslide.
It’s very important then to pick a true conservative GOP candidate. Odds are astronomically in favor of that nominee becoming president.
Wow. I’m beginning to think that it;s obvious you are a racist against this President because he’s black.
1. What you wrote: Calling Obama a socailist, in the SAME sentence as saying that Obama is helping his wall street friends.
2.Nobody is blaming Obama in this.
3. the REAL reason: http://blogs.wsj.com/briefly/2015/05/29/why-u-s-gdp-shrank-at-a-glance/
Correction, He is a Communist … Is that better?