Yes, the US economy continues to lack a recovery.
It has a lot of new regulations, EPA mandates, Obama Care rules that no one understands, a commitment to killing coal and a president who talks climate change rather than telling Putin to release Mr Snowden.
We learned today that the GDP was revised down for the 1st quarter, from 2.5% to a very pathetic 1.8%:
"U.S. economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports.
Gross domestic product expanded at a 1.8 percent annual rate, the Commerce Department said in its final estimate on Wednesday. Output was previously reported to have risen at a 2.4 percent pace after a 0.4 percent stall speed in the fourth quarter."
I guess we had another one of those "tepid" quarters!
We need to drone this fellow "tepid"!
Tags: GDP revised down in 1st quarter (Good time to talk climate change) To share or post to your site, click on "Post Link". Please mention / link to the My View by Silvio Canto, Jr. Thanks!
