Revised 1st Quarter GNP Falls to -2.9%

usmcstinger

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Dec 31, 2011
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"So much for the BEA's initial view that the start of Obamacare triggered a surge in spending on healthcare," said Shepherdon. "The press release offers no detail on what triggered this massive revision.
What Crushed GDP - Business Insider

"As expected, healthcare spending was revised down sharply. It went from adding 1.01 percentage points to subtracting 0.16 from the headline GDP growth number.

"It marked the second biggest downward revision from the agency's second GDP estimate since records began in 1976," reported Bloomberg's Jeanna Smialek.
Q1 GDP, Third Release - Business Insider
 
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