Showing posts with label GDP 2014. Show all posts
Showing posts with label GDP 2014. Show all posts

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.