{"id":22381,"date":"2014-03-30T07:20:33","date_gmt":"2014-03-30T11:20:33","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=22381"},"modified":"2014-03-30T07:20:34","modified_gmt":"2014-03-30T11:20:34","slug":"the-revised-numbers-tell-a-different-story","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=22381","title":{"rendered":"The Revised Numbers Tell A Different Story"},"content":{"rendered":"

On Friday the Washington Times<\/a> posted a story about the Obama economy. As I am sure you remember, when the government announced that the economy had grown 3.2 percent in the last months of 2013, economists announced that America<\/a> was well on its way to prosperity. Well, not so fast.<\/p>\n

The article reports:<\/p>\n

However, according to a revised estimate released Thursday by the U.S. Commerce Department’s Bureau of Economic Analysis<\/a>, that 3.2 percent figure was a wild exaggeration.<\/strong><\/p>\n

The U.S. gross domestic product (GDP)<\/a>, the broadest measure of our country\u2019s entire economic output<\/a>, grew no more than 2.6 percent in the fourth quarter \u2014 a pitifully low growth rate for the largest economy in the world.<\/strong><\/p>\n

\u201cAveraged across the four quarters of last year, real GDP added 1.9 percent in 2013 from 2012,\u201d said Forbes<\/a>\u2019 website reported.<\/strong><\/p>\n

So what happened? Part of the reason for the lack of growth is that personal income has not grown for several months, putting a damper on consumer demand. Also, 2013 brought higher taxes to all income levels–some hidden taxes included in ObamaCare<\/a> like the medical devices tax. High earners also faced increased capital gains taxes<\/a>, which slowed risk taking and job growth. In February, contracts to buy new homes fell for the eighth month in a row.<\/p>\n

Unless something happens to cause President Obama<\/a> to change his policies, we will have three more years of a non-recovery recovery., If you are not happy with the direction the country is moving in, you need to voice your opinion at the ballot box in November. A Republican Senate may be able to reverse enough of this to get the economy moving.<\/p>\n

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\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

On Friday the Washington Times posted a story about the Obama economy. As I am sure you remember, when the government announced that the economy had grown 3.2 percent in the last months of 2013, economists announced that America was … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[97,1766,350,1317,506,285,1834,607],"class_list":["post-22381","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-barack-obama","tag-bureau-of-economic-analysis","tag-forbes","tag-gdp","tag-gross-domestic-product","tag-united-states","tag-united-states-department-of-commerce","tag-washington-times"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/22381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22381"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/22381\/revisions"}],"predecessor-version":[{"id":22382,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/22381\/revisions\/22382"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}