"If you don't read the newspaper you are uninformed; if you do read the newspaper you are misinformed." - Mark Twain

Thursday, February 22, 2018
Categories Economy The U.S. Economy’s Ugly First Quarter Is About to Look a Lot Worse
“The U.S. economy very likely contracted in the first three months of the year. Friday’s GDP report will show just how ugly things got.

The Commerce Department estimated last month that gross domestic product—the broadest sum of goods and services produced across the U.S.–grew at a paltry 0.2% annual pace in the first quarter. But a batch of data since then suggests output was far weaker, and the agency will release a revised estimate Friday at 8:30 a.m. ET.

The best guess of economists surveyed by The Wall Street Journal is that GDP fell at a 1% annual pace from January through March. That would mark the third time since the recession ended in mid-2009 that the economy shrank during a quarter.”

Obama Administration officials were overheard muttering, 'Nothing to see here. Please move on.' .... THese are the results that can be expected as long as America continues to over-regulate the private sector, and as long as we engage in the same monetary and economic policies put forth by the empty-suit residing in the White House. Liberal and progressive policies, while well intended, are absolutely cataclysmic for financial well-being and individual prosperity. In fact, they encourage the moocher-society to be expanded. Why work, why strive to get ahead when the Government will pay you to sit on your ass?


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