U.S. second-quarter growth trimmed to 1.1 percent;

Lame Duck President Barack Hussein Obama is the FIRST president in our history to never have a single year with the GDP above 3 percent.

Now bad is going to worse.

U.S. second-quarter growth trimmed to 1.1 percent;
Reuters August 26, 2016

WASHINGTON, (Reuters) - U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending.

Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said on Friday in its second estimate of GDP. That was slightly down from the 1.2 percent rate reported last month.

The revision also reflected more imports than previously estimated as well as weak spending by state and local governments. The economy grew at a 0.8 percent pace in the first quarter. It grew 1.0 percent in the first half of 2016.

The revision to second-quarter GDP growth was in line with economists' expectations. The economy has struggled to regain momentum since output started slowing in the last six months of 2015, which puts it in danger of stalling.

Read more: https://ca.news.yahoo.com/u-second-quarter-growth-trimmed-1-1-percent-123519369--business.html

What has been the rate of inflation the last eight years? How may Jobs were created in the eight years before President Obama took office? How many babyboomers which are the bubble of the American population are retiring per day?

Thank you President Obama........do not pretend you understand economics.

Where do you suppose this economy is going? Pumping a gazillion air dollars into the system to keep your head just above water can't last forever... and who was helped? The poor? Middle class? Workers? Homeowners? Minorities? Who exactly? You know the answer.  There will be a price to pay. You know that... I know that... anyone with any sense knows that. At best Obama pushed the consequences beyond his term and upon generations to come in both debt and inflation. Congratulations comrade... absolutely nothing was solved... nada.

2seaoat wrote:What has been the rate of inflation the last eight years?   How may Jobs were created in the eight years before President Obama took office?   How many babyboomers which are the bubble of the American population are retiring per day?

Thank you President Obama........do not pretend you understand economics.

How many people are entering the job market every day? Babyboomers leave the job market, youth and immigrants enter the job market...every day.

1.1% GDP

ZVUGKTUBM wrote:

Markle wrote:              1.1% GDP

Who was president just before the election in 2008?

When you have the cojones to post the same, going back to January 2000, I might pay attention.

Lame Duck President Barack Hussein Obama, FIRST president in history to not have a single year of growth above 3 percent.

ZVUGKTUBM wrote:Gee, whodathought that Lame Dork poster Markle would prefer George W. Bush's 2008 over Barrack Obama's 2016......

Still waiting for your magnificent chart going back to the year 2000.  No guts, no glory!

In the meantime, here is the reason for the boom in the DJIA.  EVEN you know it is accurate.