The Obama Economic Plan - working as planned…just in time for November
“Overall, the third quarter is so far shaping up to be worse than the second quarter in terms of growth, which is a growing concern for policymakers,”
U.S. manufacturing expanded in July at the slowest rate in 19 months. This is consistent with slowing GDP growth, which is expected to decline from an unacceptable 1.9% rate in the first quarter to an even worse 1.5% rate in the second.
There is no sugar-coating the bad news. The administration had hoped that improving economic numbers might fuel an Obama resurgence in the summer and fall, but it isn’t happening; things are getting worse rather than better. At this point the administration, out of ideas, can’t do much but sit back and watch the bad news accumulate.
Or attack Ann Romney’s horse...
Reuters, Power Line, NY Daily News