U.S. economy is not recovering. It’s SHRINKING

lemmingsNot only is the economy not recovering, it is worsening, as measured by Amerika’s gross domestic product (GDP).

In the last quarter, the United States’ GDP growth rate actually went negative, at -1.0%, which means the economy shrank by one percent.

The POS blamed the record cold for the negative economic growth rate while, at the same time, pushing the climate change global warming myth, never mind the cognitive dissonance.

first quarter gdp

The Wall Street Journal reports:

The U.S. economy contracted in the first quarter of 2014, the latest stumble for a recovery that has struggled to find its footing since the recession ended almost five years ago.

Gross domestic product, the broadest measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 1.0% in the first three months of the year, the Commerce Department said Thursday. It was the first time economic output contracted since the first quarter of 2011, when it declined at a 1.3% pace.

Government economists had previously estimated GDP slowed to a 0.1% growth rate in the first quarter as harsh winter weather disrupted work sites, curtailed foot traffic at retail stores and snarled transportation networks across much of the U.S. The newly revised estimate incorporates additional economic data released in recent weeks. Higher-than-expected imports and slower-than-expected inventory growth dragged the economy into negative territory.

H/t Gateway Pundit

Meanwhile, there’s really no end in sight for an economic recovery because:

truth

~Eowyn

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DCG
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Forward!

truckjunkie
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truckjunkie

I’m almost 61 and on SSD,but I refuse to stop trying to get things done. I’m considered “Chronically Unemployable” by S.S. I still do what I can,though I face the knowledge that my medical history indicates working a regular job would end up killing me (Brittle Diabetes,Asthma,Emphysema,the close calls I’ve had in my past show the odds being against me surviving re-joining the work force.) The primary concern is that my Glucose level may stay fairly consistent for a day,a week or a month,but would drop suddenly with little notice,and most employers would go into “panic mode” and call the… Read more »

marblenecltr
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May I add to the excellent points made? We must print our own money, audit the Fed, then close it; bring back Glass-Steagall; end NAFTA/GATT, etc., thus returning to nationhood; stop being mercenaries for the NWO (why should we give the lovers of Lucifer our own blood, then get into even greater debt to give them money we have to borrow?)..,. In all the campaigning, promises are made to revive our economy. Anyone doing that without intending to do away with NAFT/GATT is lying or unbelievably ignorant. I might as well add this, but it will call for greater explanation… Read more »

Anonymous
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Anonymous

Thanks, Democrats!!

CalGirl
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CalGirl

THANKS truckjunkie & marble! I’d vote for either for Congress or POTUS! Might I add: Is it naive of me to demand/expect/legislate full disclosure fr my candidates for ANYTHING /Everything? We’ve fostered such a multi-cultural society —that proudly USED to be a melting pot (all thrown in together…all for one, one for all) …but I’m told as much as a decade ago..(in grad program that pushed “bilingual culture” ) that it MUST be (& remain) a “tossed salad” (individual pieces thrown together…but eternally apart/separate fr ea other).Because of this, fr now on, I want to know where my candidates were… Read more »

TrailDust
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TrailDust

Up against the obvious ruin of our country by this idiot, and his small band of leftist radicals, the people around me in Massachusetts still don’t get it!

joandarc
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joandarc

Thank you Dr. Eowyn for this important post A negative percentage! Indeed, it is shrinking. We are in dire straits indeed for the reason set forth in the last sign.

Cal
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Cal

“The POS blamed the record cold for the negative economic growth rate while, at the same time, pushing the global warming myth, never mind the cognitive dissonance.”

This from a buffoon who thinks global warming means winter stops happening. What a joke.