Thursday, April 28, 2011

Obamanomics: GDP Slows to 1.8%, Inflation Surges, Jobless Claims Rise

Must be nice to be Barack Obama, who can't be distracted by little issues like his birth certificate. He has more important things to focus on, like going on Oprah, filling out NCAA brackets, playing golf, taking another vacation and attending more fundraisers while Americans suffer from gas prices, unemployment, inflation and debt. Thanks idiots....

The U.S. economy hit the brakes in the first three months of 2011 as higher prices, especially for gasoline and food, squeezed spending by Americans.

Separately, the number of idled U.S. workers filing new claims for unemployment benefits unexpectedly jumped last week, the latest sign that the labor market remains weak.

Gross domestic product, the value of all the goods and services produced, rose at an seasonally adjusted annual rate of 1.8% in the first quarter, the Commerce Department said Thursday in its first estimate of the economy's benchmark indicator. READ MORE...

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