Obama economy keeps humming along

[thereisnospoon]

US economy contracts a steep 2.9% in first quarter - Channel NewsAsia
Final US first quarter GDP contracts.
Now combine this with the impending spike in gas prices due to geo-political issues in the middle East, we're in for on fun summer.
Thanks, dems...
Energy Futures
Symbol
Price

Change
%Change
Volume
OIL 106.51 0.48 0.45% 237118
BRENT 114.10 -0.36 -0.31% 204155
NAT GAS 4.564 0.029 0.64% 33689
RBOB GAS 3.095 -0.0308 -0.99% 25101

 

[Claudette]

I think its gasping along. Not humming.

Hell he was to busy foisting the ACA on the taxpayers instead of focusing on the economy.

I'll be glad to see the backside of the SOB and hope the next POTUS can fix what that fucker has fucked up. Good God.

 

[B. Kidd]

Good news is good news and bad news is good news.

 

[Moonglow]

So your blaming dems for what Muslims do 5 thousand miles away???

Oh look, a needle in the hay stack...at last we found the smallest thing we could look for!!!!

 

[B. Kidd]

ObummerCare contributed to the GDP drag.

Who knew???

 

[soonerthunder22]

So your blaming dems for what Muslims do 5 thousand miles away???

Oh look, a needle in the hay stack...at last we found the smallest thing we could look for!!!!

That's what you think. Checked between your legs lately? SCROTUS or SCROTUM or whatever his designation is, said ( on his facebook page) that you had to use tweezers and a magnifying glass to take a whiz. How come old Barry knows so much about your dick?

 

[thereisnospoon]

So your blaming dems for what Muslims do 5 thousand miles away???

Oh look, a needle in the hay stack...at last we found the smallest thing we could look for!!!!

What Muslims?

 

[itfitzme]

US economy contracts a steep 2.9% in first quarter - Channel NewsAsia
Final US first quarter GDP contracts.
Now combine this with the impending spike in gas prices due to geo-political issues in the middle East, we're in for on fun summer.
Thanks, dems...
Energy Futures
Symbol
Price

Change
%Change
Volume
OIL 106.51 0.48 0.45% 237118
BRENT 114.10 -0.36 -0.31% 204155
NAT GAS 4.564 0.029 0.64% 33689
RBOB GAS 3.095 -0.0308 -0.99% 25101

You are putting to much stock in a single quarter report.

 

[itfitzme]

ObummerCare contributed to the GDP drag.

Who knew???

You are not comprehending what your reading.

Niether artical says that. The second does talk about what were drags.

"While the economy's woes have been largely blamed on an unusually cold winter, the magnitude of the revisions suggest other factors at play beyond the weather"

"Trade was also a bigger drag on the economy"

"Exports declined at a 8.9 percent rate, instead of 6.0 percent pace, resulting in a trade deficit that sliced off 1.53 percentage points from GDP growth."

The BEA report also does

" The decrease in real GDP in the first quarter primarily reflected negative contributions from
private inventory investment, exports, state and local government spending, nonresidential fixed
investment, and residential fixed investment that were partly offset by a positive contribution from PCE.
Imports, which are a subtraction in the calculation of GDP, increased"

Those factors were reported as a drag.
My question is, why are you so stupid?

 

[The Rabbi]

The revision came from the melt down in health care spending. The only thing that could account for that change was Obamacare, as people were displaced from their policies and put off medical expenditures.