Obama’s Goal is to Shrink the Economy
Obama’s real goal is total control.
Check it out:
Economic news: “US Economic Growth was More Tepid Than Previous Estimated in the First Quarter.” For those of you in Rio Linda, that means it’s a little cooler than they thought it was gonna be, and there wasn’t as much economic growth in the first quarter as all the experts figured. “US economic growth was more tepid than previously estimated in the first quarter, held back by a moderate pace of consumer spending, weak business investment and declining exports.
“Gross domestic product expanded at a [puny] 1.8% annual rate, the Commerce Department said in its final estimate on Wednesday. Output was previously reported to have risen at a 2.4% pace,” but it didn’t. It was only 1.8%. “Economists polled by Reuters had expected first-quarter GDP growth would be left unrevised at 2.4%. When measured from the income side, the economy grew… slower than the fourth-quarter,” which was exaggerated.
So excluding inventories, the economy grew at a 1.2% rate, the slowest in two years, and that’s the take-away here. It’s likely only to get worse, because this is the result of economic policies put in place on purpose. Folks, we’re now well into the fifth year of this. It’s well enough time for people to have determined that we’re headed in the wrong direction and that maybe there needs to be a shift in policy. But instead, we are doubling down on what has created the problem.