GDP could be revised down to 1.3%, economists say

[30rock]

Source: Market Watch

8-11-2010

By MarketWatch
WASHINGTON (MarketWatch) -- Growth in the U.S. economy from April through June was probably softer than first estimated by the government, private economists said Wednesday after updated trade figures for June were published showing higher imports. Instead of growing at a 2.4% annualized pace in the second quarter, real gross domestic product will likely be revised down to a 1.3% annual rate, according to economists surveyed by MarketWatch. The forecasters are looking for growth of about 2.5% in the final two quarters of the year.

Read more: http://www.marketwatch.com/story/gdp-could-be-revised-down-to-13-economists-say-2010-08-11

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We needed a much bigger stimulus.

[xchrom]

1. are they gonna be 'surprised' when they do? nt

[raouldukelives]

2. Looks like the forecasters see a busy Xmas season ahead

I see more surprised economists come January.

[Name removed]

3. Deleted message

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[Hawkowl]

4. Stop being negative!

If you close your eyes and SIMPLY BELIEVE! Everything will be better! Obama is doing the best he can!

Those of us who have been screaming at the top of our lungs since Obama appointed Geithner and Summers, can now switch from being insanely angry, to intensely sad as the chickens come home to roost. Then we will have to roll up our sleeves and try once again to get people like Gibbs and Emmanuel to face reality or force them out of the administration. Because our very survival depends on it.

[TheWatcher]

5. Your survival depends on coming to the realization that Emmanuel and Gibbs are every bit as aware

of reality as you are.

They are just not on your side.

When it comes to the government as a whole, it is even more important for the country to come to the realization that we have to break out of the false left/right paradigm.

NEITHER Side is on OUR Side.

[Red Knight]

6. What sort of growth do we need to create jobs?

Maybe Obama should have listented to Krugman and went BIG on the stimulus.

Getting another one will be difficult if not impossible.

Of course--Krugman is not in the inner circle of Wall Street guys Obama surrounds himself with--and those All-Stars have consistently done an amazing job......for Wall Street.

Reporting from the Professional Left.....