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June 05, 2013

Analyst: "It's not a recovery. It's just bad."

Oh, by the way, Obama's trying out the spin that we have to stop distracting him with these made up scandals so he can focus on the economy.

He didn't focus on it before. He wanted to focus on everything but the economy during the campaign.

And yet now... now. Now he's gotta focus.

I guess his theme will be, "Let me have a pass on the scandals so I can keep this good thing goin'."

Real GDP growth the value of goods and services produced after adjusting for inflation is 15.4% below the 3% growth trend of past recoveries, wrote Edward Leamer, director of the UCLA Anderson Forecast. More robust growth will be necessary to bring this recovery in line with previous ones.

Its not a recovery, he wrote. Its not even normal growth. Its bad.


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posted by Ace at 12:19 PM

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