The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on August 28, 2014, 07:17:14 pm
-
http://ulstermanbooks.com/u-s-economy-much-slower-obama-white-house-promised-just-last-month/ (http://ulstermanbooks.com/u-s-economy-much-slower-obama-white-house-promised-just-last-month/)
OUCH. Today the non-partisan Congressional Budget Office slapped down a just released White House economic projection from last month that promised the economy would reflect 2.6% growth. The CBO figure indicated actual growth for 2014 is a much more anemic 1.5%, and the bad news doesn’t end there…
(http://3.bp.blogspot.com/-bLqKP3iXnRQ/T40_29hykWI/AAAAAAAAAu0/kKW0m7QJeWs/s1600/Obama+Economic+Polixies.jpg)
The CBO report also indicated a half TRILLION dollars was added to the national debt in 2014 as well, and that Obamacare will contribute an additional 7 trillion in debt over the next ten years.
The one bright side is that economists are predicting the beginnings of real economic growth in America AFTER Barack Obama leaves office.
Seems more and more Americans feel that day can’t come soon enough…
http://www.youtube.com/watch?v=rw1P7gdtAeY (http://www.youtube.com/watch?v=rw1P7gdtAeY)
Posted by ulsterman
August 28, 2014