Revision shows US economy grew at much slower 1.8 percent annual rate in January-March quarter

  • Article by: CHRISTOPHER S. RUGABER , AP Economics Writers
  • Updated: June 27, 2013 - 12:18 AM

WASHINGTON — The U.S. economy may not be strong enough for the Federal Reserve to slow its bond purchases later this year.

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theagonybhoJun. 26, 13 8:43 AM

How can this be? Obama's media tells us daily how wonderfull things are. The reality is its all fake, the economy is flat, unemployment went up last month, 360,000 people are still filing for unemployment and as we just saw the slightest mention of the feds pulling back on dumping 85 billion a month into the markets sent us 700 points down in 3 days. In October add Obamacare to the mix and interest rates going up slowing the housing market and we have a recipe for 2008 all over again.

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dumbgopJun. 26, 13 8:43 AM

Wait, what? You mean the original figures were bloated? Wow, we never see that from team Obama and their blue sky preliminary reports concerning the economy. No problem though, with the massive ADHD syndrome and the media covering for constant failures, this will hardly be noticed as we continue our decline under this corrupt, unqualified, inept administration.

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dumbgopJun. 26, 13 8:49 AM

Wait, what? You mean the original figures were bloated? Wow, we never see that from team Obama and their blue sky preliminary reports concerning the economy. No problem though, with the massive ADHD syndrome and the media covering for constant failures, this will hardly be noticed as we continue our decline under this corrupt, unqualified, inept administration.

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dumbgopJun. 26, 1311:28 AM

Where are the Obama supporters? You know, the ones with the witty comments like "teapublicons hate good news" It could be that this pattern has been going on since this loser has taken office, and you choose to believe the lies spewed from team Obama and the media. This corrupt administration has done more damage to America than any other by a LONG way.

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chuckynarzJun. 26, 1312:11 PM

The Commerce Dept should report quarterly growth using a range of say 1.5 - 2.0 percent growth instead of one number. A rage would make more sense if they are going to revise the amount later.

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dlzabzJun. 26, 13 3:15 PM

Just wait until Obamacare and sequestration take full effect. The layoffs are just starting to occur.

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FrankLJun. 26, 13 9:42 PM

dlz, just wait until business starts reacting to higher energy prices due to BO's CO2 plan. Just more business moving to China. Already I saw last week that major bridge projects in NYC and SF are using Chinese steel because it is cheaper. So much for stimulus spending helping Americans.

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hjlazniJun. 27, 1310:02 AM

I give you a haircut outside and you give me $40 and you give me a haircut outside and I give you $40, they say that is $80 of gdp, however, zero economic growth as there is no profit made here other than a profit made if the scissors are made here with materials taken from the ground here. Likely, the scissors are from somewhere else. Do you see the problem now? Do you now understand what is happening to the previous big time economies of the US and Europe and why economies like China are doing better.

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