Slowdown

The GDP turned sharply lower last quarter. Some "Recovery Summer."

The deceleration in real GDP in the second quarter primarily reflected an acceleration in imports and a deceleration in private inventory investment that were partly offset by an upturn in residential fixed investment, an acceleration in nonresidential fixed investment, and upturn in state and local government spending, and an acceleration in federal government spending.

So, what little growth we experienced was funded by Obama's unsustainable deficit spending. That's comforting.