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The Commerce Department reported that Gross Domestic Product expanded at a 1.9 percent annualized rate in the first quarter, down from its initital estimate of 2.2 percent and much slower than the 3.0 percent pace clocked in the fourth quarter of last year.
The report also showed that after-tax corporate profits dropped for the first time in three years.
Obama's policies are sending America in the wrong direction.
The Commerce Department reported that Gross Domestic Product expanded at a 1.9 percent annualized rate in the first quarter, down from its initital estimate of 2.2 percent and much slower than the 3.0 percent pace clocked in the fourth quarter of last year.
The report also showed that after-tax corporate profits dropped for the first time in three years.
Obama's policies are sending America in the wrong direction.
1- Compared to?
2- CBO presented this report for the quarter. Agree, or disagree?
Compared to nothing. This report is the same as every other report that was "revised" downward during this Failed Administration. There are many. Take your pick.
I thnik perhaps that many see us as the least stinking fish fiscally. Whe the cliff gets near perhaps we will see that we are not so far from being the Euro Zone and the effect its going to have for deacdes to come.Its easy spending on the credit card but painful once you start to pay the bill when its so high.
The Commerce Department reported that Gross Domestic Product expanded at a 1.9 percent annualized rate in the first quarter, down from its initital estimate of 2.2 percent and much slower than the 3.0 percent pace clocked in the fourth quarter of last year.
The report also showed that after-tax corporate profits dropped for the first time in three years.
Obama's policies are sending America in the wrong direction.
Grade school type debating error. You're saying that because A happened while condition B happened that A caused B. Basically, you'd get an F in grade school.
Making statements like that with nothing to back it up might make people assume that you're not of very high intelligence.
Compared to nothing. This report is the same as every other report that was "revised" downward during this Failed Administration. There are many. Take your pick.
The very premise of the number is based on a baseline. You didn't know that?
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