Breaking: 2nd Quarter United States GDP 1.5%

Not good for the Obama campaign at all.

From our buddy Ed Morrissey at Hot Air.

The decline in American production continued in the second quarter, according to the new release from the Bureau of Economic Analysis.  The Q2 GDP growth rate (annualized) was a meager 1.5%, down from 1.9% in the first quarter and 3.0% in 2011Q4.

The reason I link to Ed first, is that the first news I saw online about the second quarter GDP was over at CNBC … the same place Morrissey notes in his post. I have to screen-capture this and show it to you since I’m almost certain they are going to change it. Note the line with the red border, added by me.

As noted, they did revise up the GDP numbers from the first quarter, but if growth was around the anemic 1.5 percent and that was better than expected, expectations are pretty low.

9 replies
  1. JBS
    JBS says:

    Obama thinks he should get another term? To preside over the economic collapse of the US?
    ?
    Obama has done quite enough damage. Out! and all his friends, too!

  2. jesichashope
    jesichashope says:

    What did he say? Was it: Give me four years and if I cannot fix it then I ‘m out. ?Well, the four years is up, he did not fix anything, he crippled us; his time is up, Unless of course he considers ‘fixing us’ in a whole different way, then he succeeded ?

    The people are running scared, jobs are up but who is getting them; sales are up, but who is buying; new business opportunities, but where are the new businesses? It is all in his mind, he is dreaming; meanwhile our waking moments are a nightmare, our sleeping moments are plagued by nightmares brought on by our daytime nightmare life. ?This guy cannot be that stupid, that ignorant, it has to be a master plan; but the time is now to change the plan and get back to reality, wake up from the nightmare. It won’t be easy?

    • Dimsdale
      Dimsdale says:

      Yeah, he is trying to fix us like stray dog!
      ?
      I saw a neat tagline yesterday:? “If you voted for ?bama in 2008 to show you aren’t racist, then vote for someone else in 2012 to show you aren’t stupid!”
      ?
      Too big for a bumper sticker?? 😉

    • Dimsdale
      Dimsdale says:

      Meager though it is, it certainly beats those negative multiplier number cited by Greenspan for the so called “stimulus”.

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