Category Archives: Business

The US Economy

…is not doing fine:

Earlier this year, the Obama White House predicted the economy would grow 3% in 2012. Today’s GDP report shows that ain’t going to happen. The Commerce Department said the economy grew at an anemic 1.5% annual rate from April through June, after a revised 2.0% in the first quarter. It now seems likely the economy will be lucky to grow at 2% for the entire year. And that’s after growing just 1.8% last year.

Check out the comparison between the Reagan recovery and the Obama “recovery.”

At this point, I think it’s fair to say that Obama built that.