The Depression Continues
Bill Quick

U.S. economic growth revised sharply downward – latimes.com

WASHINGTON — The recovery appeared to be reaching escape velocity at the end of December, but it turns out the economy wasn’t expanding quite as fast as initially thought — and that doesn’t bode well for hopes of a breakout this year.

The Commerce Department sharply reduced its estimate of fourth-quarter growth to a moderate 2.4% annual rate. Friday’s revision downsized big gains in consumer spending and exports from its initial estimate of 3.2% in January.

The fellating tool media will come up with some excuse – the weather, gremliins, witchcraft, George Bush – anything to divert attention from the worst administration in American history.

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Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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