The economy is in worse shape than it has ever been in history, U.S. economic growth slowed to an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The weaker growth adds to worries that the economy could be stalling three years after the recession ended.
Growth at or below 2 percent isn’t enough to lower the unemployment rate, which was 8.2 percent last month and Economists don’t expect growth to pick up much in the second half of the year.
Few think the Fed, the White House or Congress can or will not do anything soon that might rejuvenate the economy quickly. Many lawmakers, for example, refuse to increase federal spending in light of historically large budget deficits.
Paul Dales, senior U.S. economist at Capital Economics, said that the sluggish second-quarter growth rate is probably not weak enough to trigger more action by the Federal Reserve when it meets next week.
Many economists, however, believe the Fed will launch another round of bond buying at its September policy meeting. The aim is to drive long-term interest rates lower and encourage more borrowing and spending.
What does Obama say, ‘We tried our plan — and it worked.’
We don’t need another 4 years of obama’s policies that he claims is working.
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this is, without a doubt, a Pre-meditated, Purposeful, Planned Chaos.
Its real purpose is so sinister, so shadowy, so EVIL that few will acknowledge its existence. The Media will not report what is clearly visible. In fact they are not only LYING BY OMITTING facts about Obama but they are a part of the conspiracy. That much is all too clear.
We have been silently taken over by an Insurgency of Communists through the Political system and through the Media. The corruption is so deep that it rots the entire American way of life.
The Media outlets in the USA, the College System, the Public School System, most of the Labor Unions are all GUILTY of Lying by Omission to protect a COMMUNIST from Kenya named Barry Sotero as he puts in plane his COMMUNIST Planned Chaos for America. This is 1917 all over again.
Obama’s Policies are MARXIST Communist Policies. They are designed to HARM us! They are the Policies of a Marxist Socialist TYRANT. We are living thru a silent Neo-Bolshevik Revolution that will soon turn VIOLENT which is the plan.
This is exactly what Lenin and Stalin and Hitler did. This is HOW they changed Russia into the Communist Soviet Union. Obama is following directly in Stalin’s footsteps. How long will it be before WE are sent to his Siberia?
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