Ulaven_Demorte
Non-Prophet Organization
- Joined
- Apr 16, 2006
- Posts
- 30,016
UD's not going to like this, from the HO cheerleading WaPo of all places:
http://www.washingtonpost.com/wp-dyn/content/article/2010/06/25/AR2010062504680.html?hpid=topnews
"The economic recovery that began a year ago increasingly appears to be on shaky footing, driving financial markets downward and clouding the debate over economic policy.
Just two months ago, a strong, self-sustaining economic expansion seemed to be taking hold, with consumer spending, output of goods and services, corporate hiring and financial markets all on the rise. The latest string of economic data, however, has thrown cold water on that view. On Friday, the Commerce Department revised down its estimate of first-quarter gross domestic product growth to 2.7 percent from the estimated 3 percent. "
Cue elections in 5...4...3...
Yeah, going from an economy that was contracting at a rate of 6% to one that's growing at 3% just isn't good enough.