teapartysamurai
Gold Member
- Mar 27, 2010
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- 2,562
WASHINGTON (AP) - The government is about to confirm what many people have felt for some time: The economy barely has a pulse.
The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent.
That's a sharp slowdown from the first quarter, when the economy grew at a 3.7 percent annual rate, and economists say it's a taste of the weakness to come. The current quarter isn't expected to be much better, with many economists forecasting growth of only 1.7 percent.
Such slow growth won't feel much like an economic recovery and won't lead to much hiring. The unemployment rate, now at 9.5 percent, could even rise by the end of the year.
Much more here:
My Way News - Snapshot of economy about to get a lot bleaker
Remember when liberals told us during Bush's admin, that we were in a "jobless recovery?"
Let's review the employment numbers for Bush vs. Obama!
2000- 4.0%
2001- 4.7%
2002- 5.8%
2003- 6.0%
2004- 5.5%
2005- 5.1%
2006- 4.6%
2007- 4.6%
2008- 5.8%
NOW LET'S EXAMINE WHAT HAPPENS WHEN OBAMA TAKES OFFICE???????
2009- 9.3%
2010YTD - 9.9%
United States Unemployment data
So, once again liberals come to eat their own words. WHO'S IN A JOBLESS "RECOVERY?????"
It sure isn't Bush! November is coming!