"Economy’s latest decline could be promising; Quarterly GDP shrinkage was just 1 percent" by Martin Crutsinger, Associated Press | August 28, 2009
WASHINGTON - .... The four straight quarterly declines in GDP mark the first time that has occurred since the government began keeping such records in 1947....
But it's PROMISING!
But economists were encouraged by upward revisions in consumer spending, exports, and housing construction....
Revisions, huh?
The negative figure marks a record fourth consecutive quarterly decline. But it was far smaller than the nose dive the economy had taken during the previous two quarters....
But with claims for unemployment aid stubbornly high, Americans may benefit little from a recovery if jobs remain scarce and spending stays too low to fuel a strong rebound....
Look at them BLAME the UNEMPLOYED AMERICAN WORKERS for the FAILURE of their PREDICTED RECOVERY!!!
F*** YOU and the LIES YOU RODE IN ON, newspapers!!!!!!
Many analysts say growth probably returned in the current quarter....
When I was in college they told me NOT TO USE WORDS like "probably, but, if, still, yet" and ALL the OTHER COLORFUL QUALIFIERS that DOMINATE my newspaper!
Of course, the GOVERNMENT and MEDIA will CLAIM GROWTH NEXT QUARTER due to their clunker and stimulus programs.
Hey, UNTIL the JOBS COME BACK there IS NO RECOVERY no matter HOW YOU SLICE IT!!!!
Further evidence the recession is ending came in a report yesterday confirming that the economy shrank at an annual rate of just 1 percent in the spring....
Well, then it ISN'T REALLY ENDING or OVER, is it?
So SICK of the ****ing liars!!!!!!!!!!
--more--"
I'm so angry now I can't tell which way is up!
