Revised 1st Quarter GDP- NEGATIVE 1%.- First Drop in 3 Years

[Rozman]

I'm sure with Obama at the helm the next report will be up double digits

negative 1%

You Libs still want to cling to the belief that Obama is the best President ever?

 

[Mac1958]

.

I wonder if this will slow the flow of those "the stock market is the economy" threads.

.

 

[Rozman]

A famous quote from american history....

Dean Vernon Wormer: 0.2... Fat, drunk and stupid is no way to go through life, son. Mr. Hoover, president of Delta house? 1.6; four C's and an F. A fine example you set! Daniel Simpson Day... HAS no grade point average. All courses incomplete. Mr. Blu...

[sees Bluto with a pair of pencils in his nostrils]

Dean Vernon Wormer: Mr. Blutarsky... zero... point... zero.

[Bluto shrugs]

Our GDP is worse ....


And our friends here will still praise Obama
negative 1%

 

[Rozman]

Grade point averages at Delta house are better then our GDP.....

 

[Toro]

The economy has since accelerated. GDP will print 2.5%-3% in the second quarter.

 

[Siete]

One more quarter and we'll have the Obama Recession.
Or will they still blame Bush?

In a note on the release PNC Chief Economist Stuart Hoffman wrote, “I believe this real GDP decline, mostly due to the polar vortex, coiled the ‘economic spring’ even tighter for a sharp snap- back (boing!) this quarter where I have an above-consensus forecast for a 4.0% annualized rise in real GDP. I expect real GDP growth to settle back down to near a 2.8 percent annual rate in the second half of this year.”

The revision, BEA explained in a release, was largely due to a greater than previously estimated decline in private inventories. The 1% decrease in real GDP reflected the negative contribution from private inventory investment as well as declining exports, declines in both residential and nonresidential fixed investment and lower local government spending. The rate was also negatively impacted by an increase in imports but partially offset by an increase in federal government spending (the first in a year and a half).

 

[Geaux4it]

Let's see if the next quarter makes up for it

Then we can decide whether to worry

That's what they said at the end of last year. And then early this year it was wait until the thaw in April then get concerned. Well, we know that ship sailed at -1%.

Now we need another quarter and some are predicting 4%GDP

WTF

-Geaux

 

[edthecynic]

.

I wonder if this will slow the flow of those "the stock market is the economy" threads.

.

Do you mean like these quotes?

November 6, 2008
RUSH: * The truth about this is, the markets work six to nine months ahead.* Everybody in the market is trying to figure out where we're going to be six to nine months ahead.*

January 15,2009
RUSH: Financial markets are a rough predictor of future economic performance

 

[rightwinger]

Let's see if the next quarter makes up for it

Then we can decide whether to worry

That's what they said at the end of last year. And then early this year it was wait until the thaw in April then get concerned. Well, we know that ship sailed at -1%.

Now we need another quarter and some are predicting 4%GDP

WTF

-Geaux

We shall see

First quarter was artificially low. Let's see if second quarter compensates for it

 

[ShootSpeeders]

Minus 1% is what obozo admits to which means it's really more like minus 5%. Stocks rallied because obozo keeps giving trillions of dollars to the banks to put in the stock market.

 

[LordBrownTrout]

I guess the "summer of recovery" should have lasted more than one summer.

We're into our sixth year of the non recovery recovery.

 

[francoHFW]

Thanks for the mindless obstruction all that time, too. Great job! You realize Fed aid to Wall St. is all Pubs allow, right? You're absolute morons lol...

 

[The Rabbi]

Thanks for the mindless obstruction all that time, too. Great job! You realize Fed aid to Wall St. is all Pubs allow, right? You're absolute morons lol...

Stupid Dem dupe moron.

 

[Missouri_Mike]

Let's see if the next quarter makes up for it

Then we can decide whether to worry

Haven't we all been hoping for a major recovery for about 5 1/2 years now? It's been 5 1/2 years of no recovery, dismal recovery or at the minimum people like you telling us to just hang in there the recovery is on it's way next quarter.

Never mind the last 22 quarters of negative or minimal decimal point growth this next one is going to be the one. 22 times the economy has failed but 23, yes the 23rd time is going to be gold!

So after 22 absolute failures to get the economy going with no policy changes what is it exactly that makes you think the 23rd quarter is going to be the one?

It kind of entertain's me that people like you keep looking toward the future for success while ignoring that your same plan has failed forever and probably will continue to do so.

Let the party begin in quarter 23! And if it doesn't then just hang in there for quarter 24...that one is going to be epic! And if it isn't then we just need to wait for quarter 25 because that's going to be the one.

 

[rightwinger]

Let's see if the next quarter makes up for it

Then we can decide whether to worry

Haven't we all been hoping for a major recovery for about 5 1/2 years now? It's been 5 1/2 years of no recovery, dismal recovery or at the minimum people like you telling us to just hang in there the recovery is on it's way next quarter.

Never mind the last 22 quarters of negative or minimal decimal point growth this next one is going to be the one. 22 times the economy has failed but 23, yes the 23rd time is going to be gold!

So after 22 absolute failures to get the economy going with no policy changes what is it exactly that makes you think the 23rd quarter is going to be the one?

It kind of entertain's me that people like you keep looking toward the future for success while ignoring that your same plan has failed forever and probably will continue to do so.

Let the party begin in quarter 23! And if it doesn't then just hang in there for quarter 24...that one is going to be epic! And if it isn't then we just need to wait for quarter 25 because that's going to be the one.

As a nation, we have done nothing to deserve a major recovery. We took half assed measures and got a half assed recovery.

 

[Geaux4it]

Let's see if the next quarter makes up for it

Then we can decide whether to worry

Haven't we all been hoping for a major recovery for about 5 1/2 years now? It's been 5 1/2 years of no recovery, dismal recovery or at the minimum people like you telling us to just hang in there the recovery is on it's way next quarter.

Never mind the last 22 quarters of negative or minimal decimal point growth this next one is going to be the one. 22 times the economy has failed but 23, yes the 23rd time is going to be gold!

So after 22 absolute failures to get the economy going with no policy changes what is it exactly that makes you think the 23rd quarter is going to be the one?

It kind of entertain's me that people like you keep looking toward the future for success while ignoring that your same plan has failed forever and probably will continue to do so.

Let the party begin in quarter 23! And if it doesn't then just hang in there for quarter 24...that one is going to be epic! And if it isn't then we just need to wait for quarter 25 because that's going to be the one.

As a nation, we have done nothing to deserve a major recovery. We took half assed measures and got a half assed recovery.

All a result of a bunch of completely uninformed voters that voted for a 'half ass' POTUS

We got what Obama paid for.

-Geaux

 

[bedowin62]

Let's see if the next quarter makes up for it

Then we can decide whether to worry

Haven't we all been hoping for a major recovery for about 5 1/2 years now? It's been 5 1/2 years of no recovery, dismal recovery or at the minimum people like you telling us to just hang in there the recovery is on it's way next quarter.

Never mind the last 22 quarters of negative or minimal decimal point growth this next one is going to be the one. 22 times the economy has failed but 23, yes the 23rd time is going to be gold!

So after 22 absolute failures to get the economy going with no policy changes what is it exactly that makes you think the 23rd quarter is going to be the one?

It kind of entertain's me that people like you keep looking toward the future for success while ignoring that your same plan has failed forever and probably will continue to do so.

Let the party begin in quarter 23! And if it doesn't then just hang in there for quarter 24...that one is going to be epic! And if it isn't then we just need to wait for quarter 25 because that's going to be the one.

As a nation, we have done nothing to deserve a major recovery. We took half assed measures and got a half assed recovery.

we only spent amost a trillion on "Stimulus'
it wasnt enough says the deluded Left

 

[bedowin62]

at what point do left-wing nutjobs just admit they've failed?

 

[rightwinger]

Haven't we all been hoping for a major recovery for about 5 1/2 years now? It's been 5 1/2 years of no recovery, dismal recovery or at the minimum people like you telling us to just hang in there the recovery is on it's way next quarter.

Never mind the last 22 quarters of negative or minimal decimal point growth this next one is going to be the one. 22 times the economy has failed but 23, yes the 23rd time is going to be gold!

So after 22 absolute failures to get the economy going with no policy changes what is it exactly that makes you think the 23rd quarter is going to be the one?

It kind of entertain's me that people like you keep looking toward the future for success while ignoring that your same plan has failed forever and probably will continue to do so.

Let the party begin in quarter 23! And if it doesn't then just hang in there for quarter 24...that one is going to be epic! And if it isn't then we just need to wait for quarter 25 because that's going to be the one.

As a nation, we have done nothing to deserve a major recovery. We took half assed measures and got a half assed recovery.

we only spent amost a trillion on "Stimulus'
it wasnt enough says the deluded Left

It was a half assed effort that tried too hard to please too many people. Tax cuts were wasted as was much of the money funneled to states

But it did what it was meant to do. It "stimulated" the economy but did not rescue it

Our worst blunder was to try to reduce debt at the same time you are trying to get an economy to recover. You can't serve two masters

 

[bedowin62]

As a nation, we have done nothing to deserve a major recovery. We took half assed measures and got a half assed recovery.

we only spent amost a trillion on "Stimulus'
it wasnt enough says the deluded Left

It was a half assed effort that tried too hard to please too many people. Tax cuts were wasted as was much of the money funneled to states

But it did what it was meant to do. It "stimulated" the economy but did not rescue it

Our worst blunder was to try to reduce debt at the same time you are trying to get an economy to recover. You can't serve two masters

you're right idiot; you didnt blow anough trillions only to fail