That’s all we heard about a couple of weeks ago. The economy is improving. It grew at 3.5% thanks to Cash for Clunkers and other spending. It’s all the mainstream Obama media could do without wetting their pants with joy. But wait a minute…hold on…Um. Those numbers that the “experts” claimed as the foundation of growth and the emergence out of the land of recession were not real numbers after all. Alas the economy only grew at a 2.8% rate last quarter. Hardly cause for celebration as the complicit media made it out to be, was it? Almost every economic indicator was down and unemployment was up. 10.2% exactly. How long ae we going to trust this President, this Congress, this Treasury Secretary, this Federal Reserve Chairman, and this media? None of what they say is true. None of it! Yet they continue to get away with fraud. If a private corporation reported finances like this government is claiming, they would all be in jail. Hey, now that’s not a bad idea.
WASHINGTON (AP) – The economy grew at a 2.8 percent pace last quarter, as the recovery got off to a slower start than first thought. The Commerce Department’s new reading on gross domestic product wasn’t as energetic as the 3.5 percent growth rate for the July-September period estimated just a month ago. The main factors behind the downgrade: consumers didn’t spend as much, commercial construction was weaker and the nation’s trade deficit was more of a drag on growth. Businesses also trimmed more of their stockpiles, another restraining factor.
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