U.S. GDP Growth Q1 2012: Economic Growth Slowed To 2.2 Percent On Cutbacks In Government, Business Spending

Huffington Post, Associated Press by Aul Wiseman, Christopher S. Rugaber | Apr. 27, 2012 (News Report)

Government spending cuts are weighing on the U.S. economy in a way that hasn't been seen in generations. Those cuts have reduced growth for six straight quarters – the longest stretch since 1955.

Reduced government spending subtracted 0.6 percentage point from the first quarter's growth. Full Story »

Posted by Dwight Rousu

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Subjects: U.S., Business
Topics: U.S. Budget, U.S. Economy
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# Tweets: 2 (as of 2012-04-27)
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Posted by: Posted by Dwight Rousu - Apr 27, 2012 - 8:34 AM PDT
Reviewed by: Dwight Rousu (review)
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Edited by: Dwight Rousu - Apr 27, 2012 - 8:37 AM PDT

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Dwight Rousu
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 by Dwight Rousu - Apr. 27, 2012

The republicon attempts to kill the economy in order to remove Obama as president are seen to be having some effect. If they succeed in fooling the public, we may get back all the republicon policies that caused the collapse in 2008.

“It’s hard for the economy to accelerate when the government has its foot on the brake,” said Joel Naroff, president of Naroff Economic Advisors. More »

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