Here we go again. GDP growth for Q2 of this year has been revised down to 1.3% from 1.7%. Our GDP now stands at $15.585 trillion, while our debt (including intragovernmental liabilities that must be dealt with) is $16.022 trillion. Durable goods orders have dropped 13.2% in August, the largest dip since January 2009. Orders for July were revised down.
Folks, this is not endemic of a recession. It’s worse than that. This is a sickly recovery.
We need a NEW ADMINISTRATION. Vote Vote Nov 6. Share this with everyone you know.(Read More)