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Saturday, July 30, 2016

GDP Shocker: US Economy Grew Only 1.2% In Second Quarter; Q1 Revised To 0.8%

With Wall Street expecting the US economy to grow 2.6% in the second quarter, there were many shocked faces moments ago when the Census Bureau reported that not only did the US economy grow a paltry 1.2% in the quarter, but Q1 GDP was slased from an already poor 1.1% to just 0.8%.

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3 comments:

  1. Just a note to people who are ignorant about our present economic conditions.
    First of all don't believe any stats from any government agency , Our GDP has to grow a little , after all our economy is virtually at the bottom. It has to grow , even a little , it can't go down , we are already there. It will go up , but your power to buy with the same amount of dollars will also shrink .
    If that's not clear enough then think about this , we are in a heap of $hit that obama has created. Got it ?

    ReplyDelete
  2. Don't believe ANYTHING they say.

    You are the target of political manipulation.
    EVERYTHING they do ---- everything --- is designed to make them look as good as possible and convince you that they are doing a good job.
    Companies are still closing, still laying off workers, still cutting benefits, still cutting full time jobs, still keep wages stagnant (while raising the price of the products they sell), and still complaining that being rich is really really tough.
    Try telling your kids that they don't get to go on the field trip because you don't have a spare $35. Or deciding between the electric bill (skyrocketing every month) and a visit to the doctor for your child.
    Even Bernie Sanders says the middle class is disappearing.
    You cheer people that lie cheat and steal you blind....for a living!
    These "leaders" are killing us.
    We COULD hang them and start fresh.
    Just sayin'......

    ReplyDelete
  3. It's been that way for 8 years now. Where have you been? ??

    ReplyDelete

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