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Meanwhile, 2014 1st Quarter GDP 0.1%

Posted on 4/30/14 at 9:40 am
Posted by GumboPot
Member since Mar 2009
119029 posts
Posted on 4/30/14 at 9:40 am
If only those darn Republicans would allow Obama to implement his economic programs.


LINK
Posted by Jbird
In Bidenville with EthanL
Member since Oct 2012
73479 posts
Posted on 4/30/14 at 9:47 am to
Woohoo expect another summer of recovery from the Obama Admin.
Posted by UncleFestersLegs
Member since Nov 2010
10949 posts
Posted on 4/30/14 at 9:50 am to
Healthcare services added 1.1%. If not for mandated spending for Obamacare, GDP would negative
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99153 posts
Posted on 4/30/14 at 9:52 am to


Just wait until the revision!
Posted by Radiojones
The Twilight Zone
Member since Feb 2007
10728 posts
Posted on 4/30/14 at 10:06 am to
quote:

2014 1st Quarter GDP 0.1%



This is terrible news. It's so frustrating to watch our economy suffer because the cure is so obvious.
Posted by Taxing Authority
Houston
Member since Feb 2010
57383 posts
Posted on 4/30/14 at 10:06 am to
Looks like the stimulus package is finally kicking in!
Posted by Lsut81
Member since Jun 2005
80232 posts
Posted on 4/30/14 at 10:08 am to
But the stock market is at all time highs


Nevermind the underlying, core info...

GDP
Unemployment
Work Force Participation
FT/PT
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 4/30/14 at 10:08 am to
This is why I say if you are unemployed or underemployed and voted for Obama the last two elections(especially the last one), then I laugh at you. You fricking DESERVE your situation and I only hope it gets worse for you.

The only thing that bothers me is that you had to take others with you in your stupidity.
Posted by Ghostfacedistiller
BR
Member since Jun 2008
17500 posts
Posted on 4/30/14 at 10:22 am to
Who cares? Some rich guy said something deemed racist by the mass media in a secret recording.
Posted by Holden Caulfield
Hanging with J.D.
Member since May 2008
8308 posts
Posted on 4/30/14 at 10:32 am to
42% of Americans approve of Obama's handling of the economy.
Posted by davesdawgs
Georgia - Class of '75
Member since Oct 2008
20307 posts
Posted on 4/30/14 at 10:34 am to
quote:

Meanwhile, 2014 1st Quarter GDP 0.1%


This is solid growth by definition of the new norm established by liberal Democrats.
Posted by mtntiger
Asheville, NC
Member since Oct 2003
26666 posts
Posted on 4/30/14 at 10:43 am to
This is some recovery, ain't it?
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 4/30/14 at 10:45 am to
this is really bad news. What is interesting is some businesses seem to be doing really well. I wonder where the weakness really is.
Posted by constant cough
Lafayette
Member since Jun 2007
44788 posts
Posted on 4/30/14 at 11:13 am to
quote:

Meanwhile, 2014 1st Quarter GDP 0.1%



War On Americans
Posted by S.E.C. Crazy
Alabama
Member since Feb 2013
7905 posts
Posted on 4/30/14 at 11:17 am to
PATHETIC JOB PERFORMANCE.

MARXISM DOESN'T WORK GUYS.
Posted by Duke
Twin Lakes, CO
Member since Jan 2008
35645 posts
Posted on 4/30/14 at 11:20 am to
I'm not suggesting the economy is strong but the 1st quarter has highlighted by a brutal winter over the eastern half of the country. That certainly would have a depressing effect. If the trend continues into the second quarter, it's definitely time to sound the alarm.
Posted by Clete Purcel
Jennings, LA
Member since Oct 2013
145 posts
Posted on 4/30/14 at 11:20 am to
I was discussing this with the wife last night. Although I didn't vote for Clinton, I thought his election campaign slogan when running for president, "It's the Economy, Stupid" was good. He kept the focus on the substantive issue.

Our president seems to have lost focus. Or better, his focus has never been on the economy. All emphasis appears to be on enacting social change. What happened to the 'laser-like' focus on jobs? It's not like he's powerless to help the economy. I remember our economy was absolutely languishing under Jimmah Carter. Reagan came in and turned things around, inspired us, brought people together. He wasn't without fault (who is?), but he was able to energize our economy.
Posted by Paluka
One State Over
Member since Dec 2010
10763 posts
Posted on 4/30/14 at 11:54 am to
As a country, how long do we have to put up with this bullshite? There are nothing but harmful, growth-stifling economic policies coming from Washington. They prop up the stock market by printing money, attack the coal industry with more regulations, promote ineffective "green" projects, increase taxes on us for ineffective national healthcare crap, over-regulate just about any business they believe is "bad", refuse to allow expansions in drilling areas (including building keystone) and overstep their authority.

It's all a house of cards.
Posted by LSURussian
Member since Feb 2005
126965 posts
Posted on 4/30/14 at 11:56 am to
Bush's fault.....
Posted by UncleFestersLegs
Member since Nov 2010
10949 posts
Posted on 5/1/14 at 10:14 am to
Per Goldman:
quote:

This morning's construction spending numbers were weaker than those assumed by the Commerce Department in yesterday's initial estimate of Q1 GDP growth. We reduced our past-quarter tracking estimate by two-tenths to -0.1%.
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