Remember right before 2012 election when the government swore the economy was recovering nicely?
And now that it doesn’t matter, they can deign to tell us the truth.
So Obama’s Commerce Department just quietly “revised” their GDP estimates for the last 3 years, downward.
The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments.
The economy expanded at just a 2 percent annual rate from 2012 through 2014, down from a previous estimate of 2.3 percent, the Commerce Department said Thursday. Nearly all the weaker-than-expected growth occurred in 2013, when the government now says the economy expanded just 1.5 percent, much less than its previous 2.2 percent estimate.
Well sure. 2013 was when the reality of facing 8 years of Obamunism really set in.