Obama's economy built on a stack of cards

Discussion in 'News / Current Events' started by Mexdeaf, Jul 31, 2013.

  1. Mexdeaf

    Mexdeaf
    Expand Collapse
    New Member

    Joined:
    Mar 14, 2005
    Messages:
    7,051
    Likes Received:
    0
    From http://www.caintv.com/breaking-q2-gdp-growth-only-1

    The Commerce Department has just announced the early estimate on GDP growth for the second quarter. Not good. It's only 1.7 percent, which is even worse than the paltry annualized growth of 2.0 percent we've been seeing throughout Obama's presidency. It gets worse: GDP growth for the first quarter, which was already downgraded from 2.4 percent to 1.8 percent, has been downgraded again to a mere 1.1 percent.
     
  2. InTheLight

    InTheLight
    Expand Collapse
    Well-Known Member

    Joined:
    Dec 17, 2010
    Messages:
    16,204
    Likes Received:
    611
    Surely his recent shift into campaign mode focusing on jobs has got nothing to do with his advance knowledge of these anemic economic numbers, right? :BangHead:

    Also, I'm sure Obama will spin the 1.7% GDP growth in the second quarter as good news since it is better than the revised downward, and re-revised downward 1.1% in the first quarter!
     
    #2 InTheLight, Jul 31, 2013
    Last edited by a moderator: Jul 31, 2013
  3. Revmitchell

    Revmitchell
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    38,303
    Likes Received:
    784
    Recent shift into campaign mode?
     
  4. Mexdeaf

    Mexdeaf
    Expand Collapse
    New Member

    Joined:
    Mar 14, 2005
    Messages:
    7,051
    Likes Received:
    0
    Campaigning for Demos in the upcoming elections.
     
  5. Revmitchell

    Revmitchell
    Expand Collapse
    Well-Known Member

    Joined:
    Feb 18, 2006
    Messages:
    38,303
    Likes Received:
    784
    He has never stopped being in campaign mode. It is a constant state of existence with him. He never leads he just campaigns. That is why he doesn't meet with Repubs he just tells them what he wants through public speeches.
     
  6. Mexdeaf

    Mexdeaf
    Expand Collapse
    New Member

    Joined:
    Mar 14, 2005
    Messages:
    7,051
    Likes Received:
    0
    I couldn't agree more. I ask my Dem friends where the leadership is and they still fawn over him. I don't get it. Must be the "King has no clothes" syndrome.
     

Share This Page

Loading...