Economy’s Outlook Brightens
That was the headline of a story in the business section of this morning’s Atlanta Urinal and Constipation. For the last seven years the LSM propaganda arm of the Dimocrat Party has been trying to convince us of just how great the economy has been under Jug Hussein Ears Downgrade. After reading all of these articles over the years you would think that we were living in the best economy this country has ever seen rather than the jobs recession we are actually living in.
WASHINGTON — WASHINGTON — The U.S. economy has resembled an especially dizzying roller-coaster ride this year, with a hurtling dive followed by a steep climb leading to yet another slide.
On Thursday, when the government issues its first of three estimates of growth in the July-September quarter, it’s expected to show an economy slumping from global weakness and reduced corporate stockpiling — but poised to rise again.
Geez! It sounds like another “green shoots” story. The economy is always ready to take off. Prosperity is right around the corner.
Economists’ consensus forecast, according to FactSet, is that the economy eked out just a 1.7 percent annual growth rate last quarter, a subpar pace by any standard.
Yep! If we had a Republican president, the headline for this story would be Economy Stumbling Along or sumpin’ like that.
“We got a lot of weakness during the summer from a widening of the trade deficit and a drawdown of inventories,” said Mark Zandi, chief economist at Moody’s Analytics. “But I think the consumer will lead the way to stronger growth in the fourth quarter.”
They’ve been saying that for the last seven years.
The year began on a rocky note. A severe winter and West Coast port disruptions combined to essentially stall the economy. Overall growth, as measured by the gross domestic product, slowed to a barely discernible 0.6 percent annual rate in the January-March quarter.
A severe winter? How could that be? NOAA said that 2015 is gonna go on record as the hottest year in history. January was the hottest January in history. How could we have had a severe winter?
Then, as the snow melted and the West Coast ports resumed full operations, growth jumped to a 3.9 percent rate in the April-June quarter.
But true to the pattern this year, economist think the summer slowdown will be followed by an acceleration in the final three months of the year. For the year, after all the ups and down, the economy is expected to expand around 2.3 percent, close to 2014’s modest 2.4 percent growth.
Under a Republican president, that would be dismal news. Remember when unemployment was under 5 percent during the Bush 43 years and the LSM called it a “jobless recovery”? Now these same idiots are jumping up and down with glee over unemployment in the fives while the job participation rate is at a 38 year low. Unemployment for blacks is a disaster. Real unemployment is over 12 percent. I would be willing to bet these GDP growth numbers are bogus as well.
They try and try to put lipstick on this pig but Obungler’s economy sucks. This article is just another example of cheerleading by the LSM propaganda arm of the Dimocrat Party.