2.2%, revised down from 3.5% in the third quarter!!!
This is a truly anemic performance, particularly given the various schemes to move up sales of autos and homes.
Taken together with the very high jobless claims, the US economy is looking at a lost decade.
Will this finally get Congress off the can and passing much more stimulus, particularly a new public jobs program? Very doubtful indeed.
Gorilla says: “Health care reform? The economic patient’s already on life support!”
Tags: GDP, US Economy