Midknight Review -- new and revised: Final numbers for 2014's 4Q GDP, after the rush for headlines: The lie: Dems tried to go with a 5% GPD and the "fastest growing economy in more than a decade," -- The truth -- down to 2.4% - a very common "2.4%" (No article . . I am laughing to hard to continue).

Final numbers for 2014's 4Q GDP, after the rush for headlines: The lie: Dems tried to go with a 5% GPD and the "fastest growing economy in more than a decade," -- The truth -- down to 2.4% - a very common "2.4%" (No article . . I am laughing to hard to continue).

Correction: 1 Q was a negative 2.8 GDP.
2Q was 4.3.
3Q was 5.0
4Q was 2.6.

For an average of 2.3 GDP for 2014 and now, the oil/gas industry is preparing to lay off upwards of 50,000 people, which will effect 10x that number (140,000 in Texas alone).

The weakest recovery ever, facing a collapse in the job market (70% of all jobs created in the past 6 years have been in fossil fuel related industries) and we have the template for another economic collapse.

2 comments:

AnonymousJanuary 31, 2015 at 8:58 AM
I don't know. The unemployment rate is around 5.6% . The auto industry has been saved, at least GM and Chrysler. Our annualized national debt is half of what it was a couple of years ago, AS OBAMA PROMISED. Health insurance premiums have been cut in half, and, strangely, the world is at peace except for the Middle East. Why do you write and leave out the better half of the story? Could it be bias? You think??
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