Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: U.S. Economy Worse Than Expected in Second Quarter; G.D.P. Grew at 1.3% Pace 

By: Decomposed in ROUND | Recommend this post (1)
Fri, 29 Jul 11 5:38 PM | 65 view(s)
Boardmark this board | De's Test Board 		Msg. 34117 of 45644
(This msg. is a reply to 34112 by clo)
Jump:
Jump to board:
Jump to msg. #

Call it the Obama Economy, clo.

While I've always said that both Democrats AND Republicans shared the blame for steering the country toward a precipice, I never expected a President to both take AIM at the cliff *and* actually floor the gas pedal.

2.5 years into the Administration, Obama wholly owns this mess. He'll be gone after 2012, but the resulting Holocaust will live in infamy.




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

» You can also:
- - - - -
The above is a reply to the following message:
U.S. Economy Worse Than Expected in Second Quarter; G.D.P. Grew at 1.3% Pace
By: clo in ROUND
Fri, 29 Jul 11 4:45 PM 		Msg. 34112 of 45644

U.S. Economy Worse Than Expected in Second Quarter; G.D.P. Grew at 1.3% Pace

The United States economy has slowed considerably this year from a year ago,
according to a report from the Commerce Department released on Friday.

The country’s gross domestic product, a broad measure of the goods and services
produced across the economy, grew at an annual rate of 1.3 percent in the second
quarter, after having grown at an annual rate of 0.4 percent in the first
quarter. Data revisions going back to 2003 also showed that the 2007-2009
recession was deeper, and the recovery to date weaker, than originally
estimated.

The news comes as Congress is debating how to put the nation on a more
sustainable fiscal path, with measures that some economists worry could further
slow the recovery and even throw the economy back into recession.

Read More:
http://www.nytimes.com/?emc=na

« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next