Breaking: Q2 GDP 1.5%; Update: 2011Q4 revised upward 1.1 points to 4.1%?

posted at 8:34 am on July 27, 2012 by Ed Morrissey

The decline in American production continued in the second quarter, according to the new release from the Bureau of Economic Analysis.  The Q2 GDP growth rate (annualized) was a meager 1.5%, down from 1.9% in the first quarter and 3.0% in 2011Q4:

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 1.5 percent in the second quarter of 2012, (that is, from the first quarter to the second quarter), according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent.

The Bureau emphasized that the second-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3). The “second” estimate for the second quarter, based on more complete data, will be released on August 29, 2012.

The declines came in durable goods (down 1.0%), computers (0.07%), and federal government expenditures (0.4%), the latter of which was down 4.2% in Q1.

Inventories rose again, adding 0.32% to the final number, after having declined in Q1.  The real final sales of domestic product only came to 1.2%, half of Q1′s 2.4%.  Personal consumption expenditures only increased 1.5%, down from 2.4% in Q1 and pointing to a precipitous decline in demand.

Right now, the headline on CNBC is: “Economy Grew Faster Than Expected in 2Q, Up 1.5%”.  The futures market climbed a bit on the news, so that may not be far off:

U.S. stock index futures added to modest gains Friday, following a report that showed the economy grew at a faster-than-expected pace in the second quarter.

Expectations must have been pretty low for a 1.5% GDP to spark optimism.

Update: The AP is a lot less optimistic.  Their article has nothing more than a placeholder lead paragraph at the moment, but they emphasize the drop in consumer spending:

US economic growth slows to 1.5 percent annual rate from April-June, consumer spending weakens.

Maybe this is a good time to break out Barack Obama’s Mission Accomplished statements:

Oh, sorry — that last one wasn’t Obama, but you can understand how one might confuse it with the other statements.

Update II: Reuters actually takes a more cautious tone, reporting that the decline wasn’t as bad as expected, but doesn’t try to put any more positive spin on what is clearly a bad result.  They also note that the BEA has revised 2011Q4 to 4.1% growth, a rather eye-popping change from the already thrice-revised 3.0%:

U.S. economic growth slowed less than expected in the second quarter as consumers spent at their slowest pace in a year, potentially pushing the Federal Reserve closer to pumping more money into the economy.

Gross domestic product expanded at a 1.5 percent annual rate between April and June, the weakest pace of growth since the third quarter of 2011, the Commerce Department said on Friday. Consensus estimates forecast growth at a 1.3 percent pace.

First-quarter growth was revised up to a 2.0 percent pace from the previously reported 1.9 percent. Output for the fourth quarter was raised to a 4.1 percent rate from 3.0 percent.

I’d like to get an explanation of that upward revision.  A change from 1.9% to 2.0% might be reasonable, even after the BEA stated the figure three different times.  But the jump from 3.0% to 4.1%  in one revision six months after the fact looks very, very odd.

Update III: Zero Hedge has a graphic to show the revisions made in this report over the past year, and adds this thought:

And just as important, today the BEA revised historical GDP data retroactively. Of note 2010 GDP was revised from 3.0% to 2.4%, while Q3 2011 GDP was revised from 3.0% to 4.1%, indicating that the slowdown we are experiencing is in fact far worse than previously expected. It also shows that HFT trigger buying or selling on GDP data is completely meaningless as today’s data will be revised violently higher or lower in a year, making it completely irrelevant.

Except for 2011Q1 and Q3, all the revisions were upward — and that makes this decline look even worse.

Update IV: However, as Bloomberg points out, the rest of the revisions make the recovery look even weaker than the BEA’s previous numbers showed:

With today’s release, the Commerce Department’s Bureau of Economic Analysis also issued revisions dating back to the first quarter of 2009. The changes showed the first year of the recovery from the worst recession in the post-World War II era was even weaker than previously estimated.

GDP grew 2.5 percent in the 12 months after the contraction ended in June 2009, compared with the 3.3 percent gain previously reported, the Commerce Department said.

But, y’know … his plan worked.

Update V: I made an error on the chart description — there were downward revisions to both 2011Q1 and Q3, not just Q1. I’ve fixed it above.


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Don’t worry guys, Mitt Romney is here to save us

Notorious GOP on July 27, 2012 at 8:37 AM

Under Barry;s plan, it is working.

And dingy Harry was insulting the Brits for no doing well economically.

bayview on July 27, 2012 at 8:38 AM

Foreclosures up 18% in Kansas City, 10% in St. Louis.

I love this raging Obama economy! It is Winning!

tom daschle concerned on July 27, 2012 at 8:38 AM

Whats this? Chunks of ice on the deck of the Titanic?

Zaggs on July 27, 2012 at 8:38 AM

It worked.

The Rogue Tomato on July 27, 2012 at 8:38 AM

The private sector is doing fine.

You didn’t build it.

Our plan worked.

Good Lt on July 27, 2012 at 8:38 AM

First headline I saw on the net was ‘Better than expected’. Guaranteed the revision is near 1%.

reddevil on July 27, 2012 at 8:39 AM

The “second” estimate for the second quarter, based on more complete data, will be released on August 29, 2012.

Any bets on “unexpected” being part of the headline?

Extrafishy on July 27, 2012 at 8:39 AM

Americans aren’t stupid. They know the president is trying his best
 
Uppereastside on July 6, 2012 at 1:13 PM

rogerb on July 27, 2012 at 8:40 AM

Look over there! Mitt told someone what he was reading in the British newspapers! Don’t look over here! Look over there at Mitt! The brits are CRYING! Look!

Rational Thought on July 27, 2012 at 8:41 AM

Well obviously evan a homeless alcoholic on skid row could do a better job than Barry Oblamer, so I look forward to the recovery under Mitt Romney. If this is what Oblamer considers “it worked” then it seems pretty clear he seeks to destroy our capitalist system.

ObamatheMessiah on July 27, 2012 at 8:41 AM

As Obama’s policies prove more and more successful expect GOP to try to claim ownership of them.
 
lester on May 8, 2012 at 8:49 PM

rogerb on July 27, 2012 at 8:42 AM

Doing fine.

JammieWearingFool on July 27, 2012 at 8:43 AM

time for the Bernanke to press control-P

thedevilinside on July 27, 2012 at 8:43 AM

Hey lets talk about mitt and the Olympics
-lsm

cmsinaz on July 27, 2012 at 8:43 AM

The Q2 GDP growth rate (annualized) was a meager 1.5%, down from 1.9% in the first quarter and 3.0% in 2011Q4:

Expectedly.

Good morning campers, your kids are deeper in debt than ever before. Mooch Obama is in London sucking down lobster at taxpayer expense. And we are headed to a full-blown depression due to the failures of the jug-eared Kenyan and his merry band of socialists.

Nothing sums it better than that picture of a giant screw.

Happy Nomad on July 27, 2012 at 8:44 AM

The Republican agenda would push us back into recession.
 
urban elitist on February 13, 2012 at 6:56 PM

rogerb on July 27, 2012 at 8:44 AM

Trillion dollar deficits, dare I ask where is the vaunted multiplier effect?

rob verdi on July 27, 2012 at 8:45 AM

Expectations must have been pretty low for a 1.5% GDP to spark optimism.

Welcome to Obamanomics!!!

Where Communism is all the rage……

…and individual liberty is something from a bygone era (just ask Chik-Fil-A).

PappyD61 on July 27, 2012 at 8:46 AM

So if you set expectations low enough a crappy number becomes good news and the MSM can try to give Obama a good headline.

Mark1971 on July 27, 2012 at 8:46 AM

Thank you President Obama…

Transforming America…You built that.

Electrongod on July 27, 2012 at 8:46 AM

FYI, Ed, they apparently revised the 4th quarter up to 4.1%.

William Teach on July 27, 2012 at 8:46 AM

Buried due to the Olympics

*sigh *

cmsinaz on July 27, 2012 at 8:47 AM

Don’t worry guys, Mitt Romney is here to save us

Notorious GOP on July 27, 2012 at 8:37 AM

He might not save us but at least he won’t relish our demise.

Fallon on July 27, 2012 at 8:47 AM

Americans aren’t stupid. They know the president is trying his best

Uppereastside on July 6, 2012 at 1:13 PM

Rogerb,

Just because somebody is trying his best doesn’t mean he is up for the job. Obama is clearly not too bright and is probably doing the best job he can but that doesn’t mean he should get a second term to further the mediocrity and anti-business socialism established during the first one!

Happy Nomad on July 27, 2012 at 8:47 AM

it’s 1920, and 1936, and 1980 all over again…..

PappyD61 on July 27, 2012 at 8:48 AM

O/T I know, but here is the next senator from Indiana giving a speech at freepac.

esr1951 on July 27, 2012 at 8:48 AM

com se com sa
 
libfreeordie on June 21, 2012 at 5:41 PM

rogerb on July 27, 2012 at 8:49 AM

Obama built this. With help from his cronies in government. Let’s see the ad buy they come out with off today’s news.

jon1979 on July 27, 2012 at 8:49 AM

1.5% is better than expected? Wow, Obama has really lowered the bar in this country, hasn’t he? And to think, once upon a time people actually thought this guy could lower the sea levels.

Doughboy on July 27, 2012 at 8:50 AM

Americans aren’t stupid. They know the president is trying his best

Uppereastside on July 6, 2012 at 1:13 PM

To quote Bender,

Your best is an idiot.

Now get out of the way and let somebody who knows what he’s doing take over. You had your chance.

Good Lt on July 27, 2012 at 8:50 AM

Taken out of context, wingnutz.

RedRedRice on July 27, 2012 at 8:51 AM

Trillion dollar deficits, dare I ask where is the vaunted multiplier effect?

rob verdi on July 27, 2012 at 8:45 AM

WHY DO YOU HATE AMERICA??!!??

Good Lt on July 27, 2012 at 8:53 AM

So are we going to see Mitt’s tax returns or not? I mean that man strapped a dog to his roof.

Fish on July 27, 2012 at 8:54 AM

Taken out of context, wingnutz.
 
RedRedRice on July 27, 2012 at 8:51 AM

 
Ha. Very well done.

rogerb on July 27, 2012 at 8:55 AM

The annual revisions to prior years’ data was not so good:

The percent change in real GDP was revised up 0.4 percentage point for 2009, was revised down 0.6 percentage point for 2010, and was revised up 0.1 percentage point for 2011.

That is a net drop of 0.1 percentage points.

Steve Eggleston on July 27, 2012 at 8:57 AM

James Pethokoukis ‏@JimPethokoukis

In 2009, WH predicted GDP would grow 4.3% this year; in 2011, the 2012 forecast was 4.0%.

visions on July 27, 2012 at 8:57 AM

41 months of negative job growth, anemic economic growth, rampant socialism to include massive national debt. How is it that this guy has any chance of being re-elected?

Happy Nomad on July 27, 2012 at 8:58 AM

With today’s release, the Commerce Department’s Bureau of Economic Analysis also issued revisions dating back to the first quarter of 2009. The changes showed the first year of the recovery from the worst recession in the post-World War II era was even weaker than previously estimated.

Well surprise, surprise. And this number will be revised down, too. Later. When no one’s paying attention.

Rational Thought on July 27, 2012 at 8:59 AM

Just imagine how bad this number would be if the Federal government weren’t hiding the decline by inflating the numbers with trillions in make believe money.

oh yeah and once again just want to remind everyone. If you want to know what the GDP will be in a couple months just follow the gas price. At a national avg of $3.50 the economy contracts. It gets less everytime because the economy is less able to shake off rising prices. with food going to skyrocket due to the drought. And Gas due to ethonal going up because of corn prices. I expect nothing too good. We will meddle along as long as the federal gov keeps thye printing press going. If the tax es rise come Jan watch out.

unseen on July 27, 2012 at 9:00 AM

Output for the fourth quarter was raised to a 4.1 percent rate from 3.0 percent.

That is clearly a mistake or something is very, very wrong.

ButterflyDragon on July 27, 2012 at 9:01 AM

Exceeding all expectations, 1988 Ford Festiva still running!

forest on July 27, 2012 at 9:01 AM

I agree with Rush… obamao’s plan IS working. The country is rapidly folding under his administration. Only November will save us, but the number of morons in this country is astounding.

ultracon on July 27, 2012 at 9:01 AM

Let me be clear. My regime inherited the worst economy in 45 million years. I didn’t build that. The Dinosaurs did. And yes they’ve been breaking wind but please just give me 4 more years. My plans are working!

Uh, guys can you fix the tele–corpseman. Warren Buffet’s secretary, I mean thank you folks.

CorporatePiggy on July 27, 2012 at 9:01 AM

4.1%….trying make dear leader look good

cmsinaz on July 27, 2012 at 9:01 AM

The revision of 3.0 to 4.1 is a lie, done solely for the purpose of making Obama look good. Don’t believe it for one second.

nobar on July 27, 2012 at 9:02 AM

The Obama spin – “our economy is growing”

michaelthomas on July 27, 2012 at 9:03 AM

But the jump from 3.0% to 4.1% in one revision six months after the fact looks very, very odd.

Not if the intent is to cook the books ahead of the Presidential campaign.

Happy Nomad on July 27, 2012 at 9:03 AM

A upward revision to 4.1% in Q4 2011 (which is BS) makes this 1.5% look even worse…

crazywater on July 27, 2012 at 9:04 AM

Obama Schedule || Friday, July 27, 2012

by Keith Koffler on July 26, 2012, 9:11 pm

9:40 am || Receives the Presidential Daily Briefing
10:15 am || Signs the United States-Israel Enhanced Security Cooperation Act
11:00 am || Meets with Ambassador to Afghanistan Ryan Crocker
11:30 am || Meets with Secretary of State Clinton
4:55 pm || Attends a fundraiser; private residence, McLean, Virginia
7:35 pm || Attends a second fundraiser; private residence, McLean, Virginia

Laser like focus!! Hey, he logged in almost 1.5 days of work at his job this week. Of course, he’s leaving before noon today.

Cody1991 on July 27, 2012 at 9:04 AM

But, but Mitt Romney said something bad about the Olympics!

PetecminMd on July 27, 2012 at 9:05 AM

oh yeah and once again just want to remind everyone. If you want to know what the GDP will be in a couple months just follow the gas price. At a national avg of $3.50 the economy contracts.

unseen on July 27, 2012 at 9:00 AM

You know, gas prices are something that’s being completely overlooked by the press(I know, shocker there). But after the price at the pump around here plummeted from around 4 bucks a gallon to $3.19, it shot right back up to $3.39. While that’s not $4, it’s still pretty bad and way more than when Barry took office.

Doughboy on July 27, 2012 at 9:05 AM

Nothing to worry about. Now that we have open borders, all those poor Third Worlders coming to set up residence here will surely boost our economy, right Barry?

They have no skills, little education, and limited English skills (but at least now they’ve all memorized how to say: “I went to high school in U.S.”).

Here’s our border patrol reporting that ICE is refusing to take custody of any illegal who utters the magic words (even those who have assaulted LE officers!).

http://www.youtube.com/watch?v=Xb2_3R6oHSQ

AZCoyote on July 27, 2012 at 9:05 AM

Breaking: Rasmussen has Romney up 5points today.

The ‘You didn’t build that’ hits keep coming.

kevinkristy on July 27, 2012 at 9:05 AM

I should clarify – that 0.1 point drop is from the previous estimates. That dropped the annualized 3-year ObamiNation real GDP growth from 0.43% to 0.34%.

Steve Eggleston on July 27, 2012 at 9:05 AM

Time to spend more money!

scalleywag on July 27, 2012 at 9:07 AM

That 4.1% revision made the unemployed Americans felt so much better.

bayview on July 27, 2012 at 9:07 AM

Breaking: Rasmussen has Romney up 5points today.

The ‘You didn’t build that’ hits keep coming.

kevinkristy on July 27, 2012 at 9:05 AM

I notice Romney seems to do a lot better in that poll during the week while Barry bounces back on the weekend. Too bad for Obama that the election is held on a Tuesday.

Doughboy on July 27, 2012 at 9:09 AM

#corrections

“Except for 2011 Q1 and Q3, all the revisions were upward”

LoganSix on July 27, 2012 at 9:11 AM

The declines came in durable goods (down 1.0%), computers (0.07%), and federal government expenditures (0.4%), the latter of which was down 4.2% in Q1

I guess he was right, we didn’t build that.

Fallon on July 27, 2012 at 9:12 AM

Breaking: Rasmussen has Romney up 5points today.

The ‘You didn’t build that’ hits keep coming.

kevinkristy on July 27, 2012 at 9:05 AM

Dude. Haven’t you heard? The election is over. Romney read the British newspapers, and then talked about what he read in them. HE IS NOT READY TO BE PRESIDENT!!!!

Rational Thought on July 27, 2012 at 9:13 AM

“You didn’t revise that. Somebody else made that happen.”

Difficultas_Est_Imperium on July 27, 2012 at 9:14 AM

I should clarify – that 0.1 point drop is from the previous estimates. That dropped the annualized 3-year ObamiNation real GDP growth from 0.43% to 0.34%.

Steve Eggleston on July 27, 2012 at 9:05 AM

Anemia, thy name is Barack.

Difficultas_Est_Imperium on July 27, 2012 at 9:15 AM

WE NEED MORE GOVERNMENT BUILT ROADS IN FRONT OF THE SHOPS THAT AMERICANS DIDN”T BUILD…STAT!!!!

-Obama economic panal.

Weight of Glory on July 27, 2012 at 9:15 AM

One has to ask, what tools are now available that allows them to look back several years and make wholesale changes to “final” GDP numbers that evidently are now never final. Not much point in anyone getting excited about these numbers if they are subject to wild changes two more years from now. Does this give people more confidence in the numbers or less. For me it means less confidence, a lot less.

Dasher on July 27, 2012 at 9:16 AM

panel

Weight of Glory on July 27, 2012 at 9:16 AM

1.1% Q4 gets revised up 3 points 6 months later as we head into the election.

Heck why not. Obamath can do things that surpass common understanding. People are still trying to replicate the calculation that the Regime saved or created several trillion jobs.

CorporatePiggy on July 27, 2012 at 9:17 AM

That dropped the annualized 3-year ObamiNation real GDP growth from 0.43% to 0.34%.

Steve Eggleston on July 27, 2012 at 9:05 AM

“We tried our plan, and it worked!” — Barry Obama

AZCoyote on July 27, 2012 at 9:19 AM

4.1% down to 1.5%?

Cratering.

forest on July 27, 2012 at 9:19 AM

Isn’t this the way Cloward-Piven is supposed to work?

JimK on July 27, 2012 at 9:19 AM

I’d like to get an explanation of that upward revision. A change from 1.9% to 2.0% might be reasonable, even after the BEA stated the figure three different times. But the jump from 3.0% to 4.1% in one revision six months after the fact looks very, very odd.

Ed,
I mean this in all seriousness. Why would you expect the Obama administration to put honest numbers up on the bea.gov web site when they have put something up on the whitehouse.gov site that an official law enforcment investigation found to be UNDOUBTEDLY A FRAUD”?

If you and others will not hold them accountable for obvious, definitive FRAUD on one government web site, why should you expect to hold them accountable for potential fraud on another government web site?

There is NO WAY that the PDF on the White House web site is authentic and legitimate. NO WAY. There is no possible way to scan a hard copy document and get a PDF that contains 8 single-bit layers (including separate layers for just the seal and just the signature) from scanning and optimizing a document. Scanning and optimizing would produce ONE single-bit layer, and 1 to many 8-bit color layers. The PDF on the White House web site is a MANUFACTURED FORGERY.

I know you don’t think this is worth your time. But that is a sin of omission on your part. Do the due diligence. Read this analysis and see the truth about that PDF. There is NO WAY that it is authentic.

If you won’t take this seriously, and the Obama administration knows that they can get away with lies on the White House web site, how can you expect them to tell the truth on another government web site?

ITguy on July 27, 2012 at 9:19 AM

About 0.36% of the pathetic 1.5% GDP growth was inventory building, so the report is even weaker than it already appears.

The 3rd quarter report should be even worse than this one was. I’m assuming it comes out the last week of October but I’ll check the calendar.

eyedoc on July 27, 2012 at 9:20 AM

WE NEED MORE GOVERNMENT BUILT ROADS IN FRONT OF THE SHOPS THAT AMERICANS DIDN”T BUILD…STAT!!!!

-Obama economic panal.

Weight of Glory on July 27, 2012 at 9:15 AM

In St. Paul, MN they are building a light rail system that is shutting down access to businesses along the route during the extended construction phase. Unfortunately many of them are going out of business. Ahh the smell of progress from government.

Of course the light rail which can carry a few thousand passengers per day, and only costs a billion dollars or so, is taking away valuable space on a road that carries 40,000 vehicles per day.

Dasher on July 27, 2012 at 9:20 AM

Something is dreadfully wrong. You cannot simply “revise up” six months after the fact without consequence. Zero Hedge is correct that it makes today’s number of complete irrelevance. I fear this may be the goal. In business, managers tend to make good decisions if they have good information. The revision of data 6 mos later means that the decisions being made to run our country are based on very bad data. This ALWAYS results in catastrophe. God help us.

kpguru on July 27, 2012 at 9:24 AM

And of course, Obama and his minions will respond to all of this…………..by pointing out the stupid thing Romney said about Britain and the Olympics!

pilamaye on July 27, 2012 at 9:24 AM

Another rough quarter for this George W. Bush economy . . .

TarheelBen on July 27, 2012 at 9:24 AM

Hmmm…any chance they’ve revised the 2011 Q3 numbers downwards so that 2012 Q3 looks better by comparison…just before the election??
Who cares about 2012Q4 numbers? Those are so post-election.
Perhaps they’ll even inflate those 2012 Q3 numbers and have to revise them later…waaay later…
Obama will be able to show that his policies have finally turned the economy around and in the weeks prior to the election, that’s all you’ll here the media talking about.

BruceK on July 27, 2012 at 9:29 AM

But the jump from 3.0% to 4.1% in one revision six months after the fact looks very, very odd.

Indeed! I would like to see an explanation for that.

Vince on July 27, 2012 at 9:29 AM

So we are borrowing to a tune of 12% of the GDP to achieve an increase of 1.5% of the GDP. Hence, the efficiency of the government is 1.5% / 12% = 12.5%. Now multiply it by the GDP volume… I think we’ve had congressional hearings about much smaller amounts.

Archivarix on July 27, 2012 at 9:30 AM

3rd quarter GDP gets reported October 26th, right before Election Day.

eyedoc on July 27, 2012 at 9:30 AM

The unemployment rate in the Western part of Michigan jumped 10% higher over the rate from last month. Double dip recession, here we come.

karenhasfreedom on July 27, 2012 at 9:31 AM

So basically by lowering 2010′s GDP increase, that helped create a bigger rise in 2011 by shifting the ‘growth’ forward a year, even though the final level remains unchanged and does nothing for the current anemic growth numbers.

If this was a bone someone at the BEA was trying to throw Team Obama, it’s a pretty meatless one (they just need to look at the ’92 election to see what after-the-fact good economic numbers did for Bush ’41, though of course in that case the big media balked at reporting any good numbers before the fact, in order to make things look worse than they were during the campaign. Today’s poor numbers will be a half-day story, at best, from the same outlets).

jon1979 on July 27, 2012 at 9:33 AM

Mittens, chick-fil-a, gun control, naive foreign policy, intolerance, soldier should be armed with AK-47s…

socalcon on July 27, 2012 at 9:33 AM

unemployment numbers are a lagging indicator. These GDP numbers are being massaged over and over again because barack needs unemployment below 8% by election day, and by God he’ll get it — anyway he can.

We’re coming back, baby! It’s working!

Rational Thought on July 27, 2012 at 9:36 AM

Hmmm…any chance they’ve revised the 2011 Q3 numbers downwards so that 2012 Q3 looks better by comparison…just before the election??

According to Zero Hedge, the inventory build that took place this quarter and added growth to this quarter’s report gets subtracted from 3rd quarter GDP. Which means 3rd quarter GDP is automatically about 0.4% lower than 2nd quarter. So obviously, unless growth ramps up in the 3rd quarter, the 3rd quarter report should be significantly worse than this quarter’s was. And the reports we keep getting about home sales dropping, retail sales and durable goods orders dropping, don’t look too good as far as that goes.

But who cares, Romney said the Brits didn’t have good enough security at the Olympic games, and what does he know, it’s not like he ever actually ran the Olympic Games or anything like that.

eyedoc on July 27, 2012 at 9:36 AM

Isn’t this the way Cloward-Piven is supposed to work?

JimK on July 27, 2012 at 9:19 AM

Yes. And that’s why Obama was actually telling the truth when he said “it worked”.

The Rogue Tomato on July 27, 2012 at 9:37 AM

Yepper eyedoc

cmsinaz on July 27, 2012 at 9:38 AM

Don’t worry guys, Mitt Romney is here to save us
Notorious GOP on July 27, 2012 at 8:37 AM

Uh yeah, pretty much.

Akzed on July 27, 2012 at 9:41 AM

41 months of negative job growth, anemic economic growth, rampant socialism to include massive national debt. How is it that this guy has any chance of being re-elected?

Happy Nomad on July 27, 2012 at 8:58 AM

1. the media
2. vote fraud
3. an inattentive,apathetic, entertainment-distracted public.

Dr. Carlo Lombardi on July 27, 2012 at 9:47 AM

1. the media
2. vote fraud
3. an inattentive,apathetic, entertainment-distracted public.

Dr. Carlo Lombardi on July 27, 2012 at 9:47 AM

Agreed, but you’re much to kind to the public.

cajunpatriot on July 27, 2012 at 9:52 AM

1. the media
2. vote fraud
3. an inattentive,apathetic, entertainment-distracted public.

Dr. Carlo Lombardi on July 27, 2012 at 9:47 AM

4. Dependence Class
5. Julias.
6. Moonbats and pathetic white liberals.
7. Black Identity politics.

bayview on July 27, 2012 at 9:53 AM

It’s like watching a trailer for a desaster movie shown several months prior to release.

DumboTheAvenger on July 27, 2012 at 9:54 AM

Everyone: don’t spend ten cents on anything you don’t need between now and the middle/end of October.

ANYTHING.

The only thing that can save Obama is public perception that the economy is improving. DON’T let that happen.

matthew8787 on July 27, 2012 at 9:55 AM

The unemployment rate in the Western part of Michigan jumped 10% higher over the rate from last month. Double dip recession, here we come.

karenhasfreedom on July 27, 2012 at 9:31 AM

And yet the state is still comfortably safe for Democrats.

Happy Nomad on July 27, 2012 at 9:55 AM

I’m pretty sure this was Bush’s Chick-Fil-A’s fault

PatriotRider on July 27, 2012 at 9:55 AM

Comment pages: 1 2