These numbers are just bad, no other way to put it.
This comes via Joe Weisenthal at Business Insider: (H/T Drudge)
The full report from Business Insider:
There were high hopes heading into this morning’s Q4 ‘Advance’ GDP report, and though the number was a solid improvement from last quarter’s 1.8% growth, the numbers certainly leave a lot to be desired, especially if you’re bullish.
Headline growth of 2.8% came in below expectations of 3.0%.
Personal consumption growth of 2.0% were below expectations o2 2.4%.
The GDP price index only grew by 0.4%, well below expectations of 1.9%.
Again, not a disaster, just disappointing.
Markets have turned notably negative on the news, and the dollar has fallen as well, as the odds of more easing just went up.
The full announcement is here.
Go read the rest of that, it is pretty bleak reading to tell you the truth. This should serve notice to the socialists, that you just do not tinker with the economic system to give to the “have nots,” because every time you do, someone gets hurt. In this case the people that got hurt, were the ones who played by the rules and did what they were supposed to; as I have written about here and on my other blog millions of times.
What amazes me to no end, is the fact that people, like members of my own family; will still continue to vote for the very people than brought our entire economy down. It simply does not make sense to me at all. You would think that the American people would realize that these people do not have America’s best interests in mind at all, but rather their own. I guess intelligence is not what it used to be.