We are well into the seventh year of Barack Obama\’s presidency. And the economy continues to stagnate. And it still isn\’t his fault.
First quarter growth data just came out. Instead of the terrible 0.2% that was projected, it turns out to be -0.7%.
The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit.
The government\’s revised estimate for last quarter was weaker than its initial estimate of a 0.2 percent growth rate. The U.S. trade gap – the difference between the value of exports and the larger value of imports – was found to be wider than first estimated. And consumer spending was slower than previously thought.
But steady job gains are expected to fuel modestly healthy growth for the rest of 2015.
Yeah, ok. It was the winter that did it. And steady job gains are “expected” to fuel modestly healthy growth.
No one can say Mr. Crutsinger doesn\’t have Barack Obama\’s Back.
Tell us, Martin; how many of those “steady job gains” will be for part-time jobs rather than full-time? How many of the wondrous job gains throughout the Obama years have been part-time rather than full-time? And, now that Mr. Obama has seen to it that we are flooded with illegal aliens, how many of those jobs are going to legal citizens?
On the other hand, what\’s the difference? It\’s all Bush\’s fault, right?
I count the seconds until this nightmare administration is over – and the sycophantic “journalists” it attracts, like flies to fresh dog excrement, might – might – find a reason to report neutrally again.