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U.S. economy bogs down in first quarter with slowest growth in 3 years, GDP shows
Market watch ^ | 4/28/2017 | Market watch

Posted on 04/28/2017 10:33:07 AM PDT by mikelets456

The government’s 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 ...


TOPICS: Business/Economy; Chit/Chat; Miscellaneous
KEYWORDS: down; gdp

1 posted on 04/28/2017 10:33:07 AM PDT by mikelets456
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To: mikelets456

FU Big Media, and the god you’ve worshipped for more than 8 years, too!


2 posted on 04/28/2017 10:34:58 AM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: treetopsandroofs

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.


3 posted on 04/28/2017 10:37:38 AM PDT by Dilbert San Diego
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To: mikelets456

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%.


4 posted on 04/28/2017 10:40:21 AM PDT by zeestephen
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To: mikelets456

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.


5 posted on 04/28/2017 10:42:44 AM PDT by JohnBrowdie
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To: zeestephen
And Trump’s 47% Approval Rating, which is actually over 80%.

Uh, I wouldn't go quite that far. He's in the mid-50's, minimum.
6 posted on 04/28/2017 10:50:25 AM PDT by 98ZJ USMC
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To: Dilbert San Diego

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!


7 posted on 04/28/2017 10:56:11 AM PDT by Kharis13 (That noise you hear is our Founding Fathers spinning in their graves.)
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To: mikelets456

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.


8 posted on 04/28/2017 11:03:35 AM PDT by poinq
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To: mikelets456

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.


9 posted on 04/28/2017 11:27:00 AM PDT by Excuse_My_Bellicosity (Liberalism is a social disease.)
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To: zeestephen

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%.


10 posted on 04/28/2017 11:33:28 AM PDT by Excuse_My_Bellicosity (Liberalism is a social disease.)
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