2nd quarter GDP 1.2% vs. 2.6% estimate - Obama failed policies (layoffs, rating, parties)
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My all time favorite was when they revised the GDP from like 2% to 1% to 0.1% to -0.1%. But you had to follow it for like three months after the original figure. They're probably still working on the 2010 GDP figures as we speak, LMAO.
If you look back to Q3 2014, the point at which the Fed began removing bond purchases, the GDP trend has been downward. That says the FED cheap, cheap money (which they are still providing with a .25% overnight rate), and massive bond purchases were the only two things that gave any juice to the economic recovery and GDP. Without the bond purchases, which we have been at for a year or so now, the economy and GDP are sputtering along. Lack of a real recovery program by the Obama Administration is why we have plentiful, but lousy jobs, little real growth and a downward trajectory. If it continues, and I predict it will, the layoffs will start up again, Obama's approval rating will taper downward and Donald Trump wins in November. Not by much, but he wins.
Lack of a real recovery program by the Obama Administration is why we have plentiful, but lousy jobs, little real growth and a downward trajectory.
Recovery program = Government spending = Big government. Republicans don't like big government. Republicans own both the house and the Senate. Ergo, this is the fault of the Republicans, not Obama.
It was due to inventory declines which is a good thing going forward as it reflects demand exceeding production and they will need to be rebuilt. I would much rather see a lower number because of declining inventory than a number boosted by inventory growth. And the silver lining is that interest rates will stay down over the next few months at least making mortgages, autos, credit cards all more affordable.
Recovery program = Government spending = Big government. Republicans don't like big government. Republicans own both the house and the Senate. Ergo, this is the fault of the Republicans, not Obama.
Any person who isn't a partisan hack knows big government is the problem with both parties.
Recovery program = Government spending = Big government. Republicans don't like big government. Republicans own both the house and the Senate. Ergo, this is the fault of the Republicans, not Obama.
Always hilarious how liberals alternate between praising Obama for his glorious recovery and saying that the Republicans own the disastrous debacle of crap that we have. MWAH HA HA HA HA!
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