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April 30, 2012

Election May Be Over on October 26, 2012

A little earlier than scheduled -- because on that day the quarterly GDP growth estimate for the 3rd Quarter.

And it appears that the economy is slowing -- and it was already stagnant.

Now you may wonder if Obama would permit any sort of 1% or lower reading on the economy, or would demand it be fudged upwards.

But that's a silly thing to wonder. Of course he'll demand it be "revised."

[A Goldman forecaster] said she agrees with Goldman economist Jan Hatzius’s forecast of the second half being more “difficult” than the first. “We have seen some deceleration in economic activity” after a mild winter that might have “puffed up” seasonal growth in the first quarter, she said.

Pethokoukis almost exclaims:

Wait, the second half will be “more difficult” than the first? We might be lucky to have 2% growth in the first half.

This may be the best Obama can do.

But it's not the best America can do.

As Goes California... ...so goes the nation?

A lot of people throw the word "unsustainable" around without really appreciating its simple meaning: This will not be sustained. It will end.



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posted by Ace at 04:21 PM

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