Obama's Failed Economy: 3rd Quarter GDP Revised Downward from 2.5% to 2.0% (companies, elect)

[LoveToRow]

WASHINGTON (MarketWatch) — The U.S. economy grew at a slower pace than originally estimated in the third quarter, mainly because companies reduced inventories and did not invest as much.

The Commerce Department cut its estimate of gross domestic product to 2.0% from a first reading of 2.5%. The government’ second revision of GDP includes data not fully available earlier, such inventory levels and trade data. As a result, it paints a more accurate picture of U.S. growth.
Economists surveyed by MarketWatch expected the government to trim its estimate to 2.3%.

Link: Third-quarter growth cut to 2.0% from 2.5% - Economic Report - MarketWatch

With economic numbers like this, Oblama's prospects of getting reelected are looking bleaker and bleaker.

[Majin]

I guess Austerity doesnt work. Time to pass Obama's new stimulus package.

[LoveToRow]

Originally Posted by Majin

I guess Austerity doesnt work. Time to pass Obama's new stimulus package.

I guess Oblama doesn't work. Time to replace him.

[florida.bob]

Originally Posted by Trace21230

Link: Third-quarter growth cut to 2.0% from 2.5% - Economic Report - MarketWatch

With economic numbers like this, Oblama's prospects of getting reelected are looking bleaker and bleaker.

How awful! 1st qtr .4% -- 2nd qtr 1.3% -- 3rd qtr 2.0% .. Yep, definitely the wrong direction. Oh wait, they expect the 4th qtr to be 2.5% -- just continuing the dismal trend. Yep, "bleaker" and "bleaker"!

[LoveToRow]

Originally Posted by florida.bob

How awful! 1st qtr .4% -- 2nd qtr 1.3% -- 3rd qtr 2.0% .. Yep, definitely the wrong direction. Oh wait, they expect the 4th qtr to be 2.5% -- just continuing the dismal trend. Yep, "bleaker" and "bleaker"!

It was twice as much under Bush, if not more.

Ah, the good old days....

[Memphis1979]

Yep, trickle down isn't working, and we are increasing our debt to fight wars we don't need to.

Fail, but so did the last guy, and so do the other guys Republicans are running for the Presidency.

[sanrene]

Originally Posted by Trace21230

Link: Third-quarter growth cut to 2.0% from 2.5% - Economic Report - MarketWatch

With economic numbers like this, Oblama's prospects of getting reelected are looking bleaker and bleaker.

Can it get any worse under obamanomics?

Well, yes it can. We could have a ZERO jobs report....oh wait....that happened already.

Can you believe there are still so many that support the worst president ever?

What will it take for them to open their eyes and admit they made a colossal mistake?

Oh wait, they expect the 4th qtr to be 2.5% -- just continuing the dismal trend. Yep, "bleaker" and "bleaker"!

As you can see, the "expectations" and "estimates" are way off and the revision is always downward.

[LoveToRow]

Originally Posted by Memphis1979

Yep, trickle down isn't working, and we are increasing our debt to fight wars we don't need to.

Fail, but so did the last guy, and so do the other guys Republicans are running for the Presidency.

Obama is a proven failure.

You have no proof that the GOP contenders would fail as badly as Oblama has when it comes to handling the economy.

In fact, any objective person would conclude that they couldn't possibly do worse than Oblama.

[Winter_Sucks]

Originally Posted by Trace21230

Link: Third-quarter growth cut to 2.0% from 2.5% - Economic Report - MarketWatch

With economic numbers like this, Oblama's prospects of getting reelected are looking bleaker and bleaker.

So the economy is actually growing? I'm glad some Republicans at least can admit that.

[sanrene]

Originally Posted by Majin

I guess Austerity doesnt work. Time to pass Obama's new stimulus package.

What austerity?

NOTHING has been cut yet......tell me you knew this.

I'm pretty sure you've noticed the $4 trillion added to the debt by obama. You've probably noticed too his $1 trillion stimulus failed as well, did NOTHING he claimed it would do.