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Economy Shrank in First Quarter as U.S. Trade Deficit Surged - Bloomberg Business
I wonder if conservatives will reiterate the belief that Obama has done nothing in regards to the economy? So, good or bad, it's not relatable to him.
Or is it only the bad that's his fault?
The world’s largest economy hit a bigger ditch in the first quarter than initially estimated, held back by harsh winter weather, a strong dollar and delays at ports.
Gross domestic product in the U.S. shrank at a 0.7 percent annualized rate, revised from a previously reported 0.2 percent gain, according to Commerce Department figures issued Friday in Washington. The median forecast of 84 economists surveyed by Bloomberg called for a 0.9 percent drop. By contrast, the report also showed incomes climbed, fueling the debate on whether GDP is being underestimated.
I wonder if conservatives will reiterate the belief that Obama has done nothing in regards to the economy? So, good or bad, it's not relatable to him.
Or is it only the bad that's his fault?