US 2Q economy growth rate lowered from estimated 1.7 to 1.3

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  • lost in DC West Jordan, UT
    Sept. 27, 2012 1:28 p.m.


    I heard on NPR this morning theat BO's energy dept is loaning another $160 million or so to another "solyndra" type company in Oregon that has an unproven product and a questionable business plan. The company MIGHT be able one day to create 400 new jobs. BO is paying $400,000 of our dollars per job. I suspect his contribution bundlers have a stake in the company.

    What a wonderful job BO is doing in supressing economic growth while paying off his chronies!

  • Mountanman Hayden, ID
    Sept. 27, 2012 11:36 a.m.

    GDP (1.3%) minus the inflation rate (about 8% if you include food and energy)= 6.7% recession. So much for the “Obama recovery”. Its interesting how economic definitions change and how the news media reports things when a liberal is in the White House. In other words, fast and furious, Solyndra, GSA scandals and White House intelligence leaks are not the only cover-up going on! In the meantime, all we hear from them is how terrible Romney is! Laughable if it weren’t so damaging to our country.

  • Keith1943 Spring City, UT
    Sept. 27, 2012 8:07 a.m.

    We are headed for a total economic crash - and soon! What these losers in Washington haven't come to realize, is that you cannot heal a failing economy by printing an endless amount of fiat money. Most trends forecasters and the economists that aren't beholding to anyone are of the belief that Bernanke's QE-3 has sealed our doom. The Federal Reserve is unconstitutional. Bernanke needs to join the unemployment line. We need to get back to a sound economic standard and bring the jobs back to America. And by the way, it sure would be nice if the news media and the government would be truthful about the unemployment rate. They drop from their figures, those people whose benefits have run out, and who remain unemployed. It's not 8.0%. It's more like 25%. The economic growth figures are bogus as well. It's a joke to even report such low numbers. You can be assured, the government has manipulated those numbers as well.