US economy shrank at 2.9% annual rate in first quarter, worst showing since recession

[Busybody]

whats the excuse?

weather?

racism?

WHATS THE EXCUSE?



Its OBAMA economy killing and ObamaCare

 

[Busybody]

its probably worse

as the gov cooks the books

 

[Busybody]

First they said GDP was +0.1%. Then they adjusted it to -1.0% Now they adjusted it to -2.9%. We'd be okay if we just FIRE THE DAMN ADJUSTERS

 

[Busybody]

Durable Goods Orders fall 1% below the estimate 0.0%.

 

[Busybody]

don't worry

all will be well

Dept of Commerce is tricky: it pulled $40 billion in Obamacare spending from "kitchen sink" Q1 and will push it in Q2 instead

 

[Que]

First they said GDP was +0.1%. Then they adjusted it to -1.0% Now they adjusted it to -2.9%. We'd be okay if we just FIRE THE DAMN ADJUSTERS

Being off 280% isn't that bad, is it?

Rob was on the bandwagon CROWING about .1% being better than expected.

As usual, the adjustment is downward just in time for the next bit of (slightly) positive fake economic news...

....it will then be adjusted downward and un-remarked upon when the next bit of (slightly) positive fake economic news...i

t will then be adjusted downward just in time for the next bit of (slightly) positive fake economic news...

it will then be adjusted downward and un-remarked upon when the next bit of (slightly) positive fake economic news...

it will then be adjusted downward just in time for the next bit of (slightly) positive fake economic news...it will then be adjusted downward and un-remarked upon when the next bit of (slightly) positive fake economic news...it will then be adjusted downward just in time for the next bit of (slightly) positive fake economic news...it will then be adjusted downward and un-remarked upon when the next bit of (slightly) positive fake economic news...it will then be adjusted downward just in time for the next bit of (slightly) positive fake economic news...it will then be adjusted downward and un-remarked upon when the next bit of (slightly) positive fake economic news...it will then be adjusted downward .

 

[Busybody]

the fake news is being prepped

with the $40 billion

ObamaCare-=Economy killer

 

[geronimo_appleby]

who gives a fuck?

 

[Busybody]

remember when Jay Carney credited ObamaCare for saving us from a contraction?

 

[miles]

This is obviously Bush's fault.

 

[Busybody]

This is obviously Bush's fault.

I was at the gym

A know lib/loon and I were talking and I said the economy contracted 2.9%

He said

YES, WE ARE STILL SUFFERING FROM THE BUSH COLLAPSE

 

[miles]

Even The Fraud said he can't blame Bush anymore.

 

[dan_c00000]

I wonder if republitards were responsible for any of this?

"The economy was held back...the expiration of long-term unemployment benefits and cuts to food stamps, which curbed consumer spending."

Good job busy body your team's handiwork destroyed the economy, again!

http://asset-1.soup.io/asset/1136/5956_136d.gif

 

[unregistered]

 

[Busybody]

Brad Woodhouse @woodhouseb

Remember when Republicans breathlessly claimed that Obamacare would DESTROY the economy? Bwahahaha! #eatit

remember that tweet,

he is getting killed on twitter today

 

[Busybody]

Canada must somehow have less severe winter weather than the U.S., since they grew at 1.2% in Q1: http://www.cbc.ca/news/business/canadian-economy-starts-2014-with-weak-gdp-gain-1.2659284

 

[unregistered]

 

[Busybody]

when the economy was growing 4% and unemployment was 5.5%

we were told

ITS THE WORST ECONOMY SINCE H HOOVER

 

[Que]

I wonder if republitards were responsible for any of this?

"The economy was held back...the expiration of long-term unemployment benefits and cuts to food stamps, which curbed consumer spending."

Good job busy body your team's handiwork destroyed the economy, again!

http://asset-1.soup.io/asset/1136/5956_136d.gif

Well, hell you may really have something there!

Lets close some more factories get some more people on unemployment benefits and hand out snap cards, that will fix this economy right up!

Those tax dodging folks in the medical device industry moving to Ireland should help our economy a lot! All those administrative types getting unemployment and all? Now if they can just shift a LITTLE more production to their overseas locations and cut those awkward exports. Exports can really slow down the healthy decline of the GDP.

 

[miles]

remember when Jay Carney credited ObamaCare for saving us from a contraction?

Democrats love taking credit for made up non-events.

 

[miles]

Well, hell you may really have something there!

Lets close some more factories get some more people on unemployment benefits and hand out snap cards, that will fix this economy right up!

Those tax dodging folks in the medical device industry moving to Ireland should help our economy a lot! All those administrative types getting unemployment and all? Now if they can just shift a LITTLE more production to their overseas locations and cut those awkward exports. Exports can really slow down the healthy decline of the GDP.

Danny isn't exactly the brightest of the goose steppers.

 

[Ishmael]

Danny isn't exactly the brightest of the goose steppers.

He sure isn't, but he is part of the majority.

Ishmael

 

[4est_4est_Gump]

This is obviously Bush's fault.

We just now realized how bad he really left things.

Socialism needs a stronger foundation upon which to rest...

 

[4est_4est_Gump]

when the economy was growing 4% and unemployment was 5.5%

we were told

ITS THE WORST ECONOMY SINCE H HOOVER

It "felt" like a recession.



The Middle Class was getting "squeezed."

But Obamacare is saving them $1400 a month now, so Republicans are running scared.

 

[Que]

Care to nut up and make a prediction for the second quarter? Do you see a continuing downturn like the chief does? Are we heading to Recession City?

I'm predicting positive growth in 2nd quarter, which means no recession. What is your prediction?

And by the way, Reagan was never hamstrung by a nihilistic opposition party who would rather see America fail than a Democratic president succeed.

Rob as economic handicapper. Or is he economically handy-capable?

So ebullient then, as if that number wasn't inevitably going to be adjusted downward.