Forget everything you've been told by President Obama
about the economy getting "stronger" or heard on the nightly news about
the "solid" recovery.
The economy is slowing down and getting weaker, and millions of Americans, as a result, are suffering.
It isn't getting the attention it deserves from the national news media, who seem to play up all the "good" numbers while ignoring the weaker economic data.
CBS News anchor Scott Pelley regularly covers modest housing starts (that still are at basement levels) and rising home prices as if they prove the economy is booming. It isn't.
The cold reality is that the Commerce Department this week slashed its previous 2.4 percent first-quarter economic growth estimate to a meager 1.8 percent annual rate. This follows a pathetic 0.4 percent growth rate in the last three months of 2012.
http://townhall.com/columnists/donaldlambro/2013/06/28/nobel-prizewinning-economist-says-obama-economy-is-in-a-depression-n1629299/page/full
The economy is slowing down and getting weaker, and millions of Americans, as a result, are suffering.
It isn't getting the attention it deserves from the national news media, who seem to play up all the "good" numbers while ignoring the weaker economic data.
CBS News anchor Scott Pelley regularly covers modest housing starts (that still are at basement levels) and rising home prices as if they prove the economy is booming. It isn't.
The cold reality is that the Commerce Department this week slashed its previous 2.4 percent first-quarter economic growth estimate to a meager 1.8 percent annual rate. This follows a pathetic 0.4 percent growth rate in the last three months of 2012.
http://townhall.com/columnists/donaldlambro/2013/06/28/nobel-prizewinning-economist-says-obama-economy-is-in-a-depression-n1629299/page/full
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