Shocker! Economy Falters Dramatically In First Quarter

I know, I know, you’re saying “how could that possibly happen after two years of far left Keynesian economic policies?”

The economic recovery faltered dramatically in the first half of the year, and that means more trouble ahead.

The latest Commerce Department figures show that the nation’s economic output was gasping for breath long before the debilitating debt-ceiling debate took center stage, further dimming prospects for 14 million unemployed Americans.

The nation’s total economic output grew at an anemic annual rate of 1.3% from April through June, below already weak expectations. And the government sharply scaled back its estimate of first-quarter growth to a feeble 0.4%, the lowest figure since the recession technically ended two years ago.

“These are disastrous numbers for the economy,” said Bernard Baumohl, chief global economist at the Economic Outlook Group. “We’re seeing some clear, concrete signs that the economy is teetering on the edge of recession.”

I disagree: thanks to the policies of the Democrats and Obama from 2009 we are teetering on the brink of a depression or, at least, years of economic stagnation and misery. We will mirror Japan’s lost decade or the Europeans over the last 20 years, with low GDP and high unemployment.

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3 Responses to “Shocker! Economy Falters Dramatically In First Quarter”

  1. Word says:

    This is according to plan. The Cloward and Piven strategy of creating a crisis works daily for this administration and this democratic party now fully infiltrated by progressive/communists.

    Create a crisis….Biden was not lying when he said some of these jobs MIGHT NEVER RETURN. Thats because they had a plan and they are sticking to that plan while they use the full Alinsky playbook against the GOP with the complicit help of a progressive leftist MSM.

    Liberal Fascism in action…..you will not question our stated beliefs or goals or policies and any such opposition will be smacked down and smacked down hard.

    and that is my word of the day.

  2. It’s so bad that even illegals are streaming out of the country. I Heard this am that Mexico’s unemployment rate was lower, around 5.3%.

  3. captainfish says:

    Wait, there’s something called… an economy?!?

    Never heard that word before now. Is that where people have jobs and are able to participate within a free market of good and services? Yeah, not here my friend.

    I saw that the Mexico unemployment rate is 4.9%. And yeah, Mexican are even fleeing here. No wonder the Libs and Socialists are doing all they can to bribe them to keep them here. They are losing their base.

    Yeah, we are in a depression. I can also guarantee you that the Repub party as they are called will cave during this Debt Ceiling talk. Despite being the ones that have put up the only two bills for vote, they will still cave.

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