UNEXPECTEDLY It Turns Out the Economy Isn’t QUITE as Booming

…as they had “previously estimated”…

US First-Quarter GDP Gets a Haircut, Rises 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.

…which was only to news to somebody IN Washington anyway, so thank GOD that loopy, worthless President of ours is busy elsewhere as usual.

2 Responses to “UNEXPECTEDLY It Turns Out the Economy Isn’t QUITE as Booming”

1. Mr. Bingley says:

   June 26, 2013 at 1:44 pm

   Recovery Summer Sometime!

2. aelfheld says:

   June 26, 2013 at 1:46 pm

   But, but, but . . . consumer confidence is at a five year high!