I have to wonder if obama is still going to insist on raising taxes in an economy that is declining. The numbers were better than this when he said it would be dumb to raise taxes in times like this. Also this is yet another nail in his reelection bid. Every dark cloud has a silver lining.
"Gross domestic product, the value of all goods and services produced, rose at a 1.5 percent annual rate after a revised 2 percent gain in the prior quarter, Commerce Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News called for a 1.4 percent increase. Household purchases, which account for about 70 percent of the world’s largest economy, grew at the slowest pace in a year."
Economy in U.S. Grows at 1.5% Rate - Bloomberg