Posted on 04/28/2017 10:33:07 AM PDT by mikelets456
The governments official scorecard for the U.S. economy in the first quarter pointed to the weakest growth in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months.
Gross domestic product increased at a meager 0.7% annual pace in the first three months of the year, down from 2.1% and 3.5% in the back half of 2016. Economists polled by MarketWatch had forecast a 0.9% increase.
In recent trading, the Dow Jones Industrial Average DJIA, -0.15% and the S&P 500 index SPX, -0.15% fell slightly.
(Excerpt) Read more at marketwatch.com ...
FU Big Media, and the god you’ve worshipped for more than 8 years, too!
The media will blame this on Trump.
During the Obama era, any bad economic news was blamed on some outside force, such as bad weather. But now that we are in the Trump administration, any be news will now be the fault of the president.
More fake numbers.
Just like Hillary Clinton getting 3 million more votes than Trump.
And Trump’s 47% Approval Rating, which is actually over 80%.
Surprised that they put this in the lead:
” . . . but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months.”
I would have expected them to just declare us doomed.
This is discouraging news, but the President’s actions over the past few months have laid the groundwork for a robust economy going forward. His Executive Orders derailing much of Obama’s job-killing regulations, along with the opening of large areas of wilderness for energy exploration - PLUS - proposed massive tax cuts, will create a solid economy.
Stand strong, FReepers!
Hey, this is all pro Trump. The GDP is backwards looking. The market is forward looking. These numbers were in the books. The rest of the year should be much better. Companies are spending in America. Even if people are being frugal. Jobs are increasing and pay is growing.
The media will RUN with this. They did this with Ronald Reagan, too. Jimmy Carter presided over utter destruction of the US economy and he was Mr. Wonderful but Reagan was a total dog for not instantly turning it around. The more things change, the more they stay the same.
Just like they had Buttcrack Hussein’s approval rating locked in at 43% from May 2009 on. This stuff was proven just how fake it was when they predicted Hillary to win Utah by 9% and she lost by 20%.
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