US economy grew 2.4 percent in first quarter

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  • lost in DC West Jordan, UT
    May 30, 2013 12:42 p.m.

    HS Fan,

    oh, please stop, you are killing me.

    If BO's approach had been correct, why was the recovery so slow in happening?

    1Q GDP: Came in at 2.4% vs. 2.5% est. and 2.5% prior, as the economy expanded less than expected. Slower business inventory building and reduced government spending offset
    rising consumer spending.

    • Jobless Claims: Were 354k vs. 340k est. and 344k prior, as more people file for unemployment benefits than expected.

    Economic indicators are all over the board - if there is any trend, it is that improvement is too slow, and inconsistent with prior recoveries in how long it is taking.

    BO's policies are impeding, not encouraging or facilitating the so-called recovery.

  • HS Fan Salt Lake City, UT
    May 30, 2013 8:10 a.m.

    This is really positive news considering the global economy and the depth of the 2008 recession. It also is further evidence that BO's approach to the global recession and the banking crisis with a Keyensian approach was right. Most respected economist encouraged more goverment spending and if we and the rest of the world had adopted that strategy things would be even better. As the article points out the biggest drag on the economy appears to be the reduction in goverment spending. We're all fortunate the Tea Party and the conservatives did not have the power to drive us further into the Bush ditch.