GDP: Growth Slashed to 1.8% in 1st Quarter
Just where Obama wants us to be.
Check it out:
On Wednesday, the Commerce Department reported the economy grew a weak 1.8% in the 1st Quarter, a big downward revision from its previous estimates. A big part of the decline is attributable to a steep downward revision in personal consumption. Commerce reported that consumption grew just 2.6%, after initially reporting it had grown 3.4% in the Quarter.