Friday, August 26, 2011

US Economic Growth UNEXPECTEDLY Slow

Get a clue folks. You should expect crappy economic statistics as long as Barack Hussein Obama is president.
Gross domestic product growth rose at annual rate of 1.0 percent the Commerce Department said, a downward revision of its prior estimate of 1.3 percent. It also said after-tax corporate profits rose at the fastest pace in a year. 

Economists had expected output growth to be revised down to 1.1 percent. In the first quarter, the economy advanced just 0.4 percent. The government's second GDP estimate for the quarter confirmed growth almost stalled in the first six months of this year.

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