Another bad economic report is called “unexpected” by economists. The media is still clinging to the myth of the Obama Boom. They have been lying to the public about how great things are. Every year since 2009 the economists and the media keep saying a turn around will occur in the second half. Yet that turnaround never comes. Whenever some good data comes in, the Obama loving media proclaims good times are here. Yet reality has a way of destroying their illusions.
The economy grew at a 1.3% pace in the 2nd quater. This comes as no surprise to anyone but the Obama loving media. They always claim they poll economists but never give out details. Clearly the rosy numbers they expect are given to them by the Obama Regime. Then when the real number comes in, it’s unexpected!
The U.S. economy grew less than expected in the second quarter as consumer spending barely rose, and growth braked sharply in the prior quarter, a government report showed on Friday.
Growth in gross domestic product—a measure of all goods and services produced within U.S. borders—rose at a 1.3 percent annual rate, the Commerce Department said.
First-quarter output was sharply revised down to a 0.4 percent pace from 1.9 percent.
Economists had expected the economy to expand at a 1.8 percent rate in the second quarter.
[…]
This and the sharp downward revisions to the prior quarters suggest a more troubling and fundamental slowdown might be underway.
Read the rest: Economy Grows at Sluggish 1.3%; Consumers Pull Back
No matter how many bad reports come in, it’s always unexpected! Clearly the media has too much invested in the Obama Regime for them to face the facts. The Obama Boom doesn’t exist.
