1Q GDP DROPS BY -2.9%; WORST SINCE 2009

First the Federal Government said growth for the 1st quarter of 2014 had slowed to 0.1%. Then it was revised down to having shrunk by -1.0% with that being blamed on the weather. Now, we learn with the latest revision that it was much, much worse, with a drop of -2.9%.

This is bad news – the worst economic news in five years in fact.


One thought on “1Q GDP DROPS BY -2.9%; WORST SINCE 2009

  1. But we are led to believe that everything is just fine. Gosh, what am I going to believe….Obama’s cheerleaders in the media or my lying eyes?😉

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