Bloomberg.com
By Timothy R. Homan
April 30 (Bloomberg) — The U.S. economy expanded at a 3.2 percent annual rate in the first quarter as households spent more freely, setting the stage for gains in employment that may help the recovery broaden and accelerate.
The increase in gross domestic product was in line with the median estimate of economists surveyed by Bloomberg News and capped the biggest six-month gain since 2003, figures from the Commerce Department showed today in Washington. Consumer spending rose by the most in three years.
Consumers may play a more prominent role in the recovery, increasing the odds of a sustained rebound, as growing sales at companies from General Electric Co. to Caterpillar Inc. promote hiring. The Federal Reserve’s preferred measure of inflation climbed at the slowest pace on record, highlighting why policy makers are pledging to keep interest rates low. …
http://www.bloomberg.com/apps/news?pid=20601087&sid=abRCCmpeNnyg&pos=1
America is returning to normal. Not all Americans are happy about that. Not all TELL AMERICA press sources are happy about that.
Early on, Neocon mouth-pieces publicly hoped “Obama failed”. But since Barack Obama was President of the United States of America – his failure was America’s failure. Since America had already suffered twenty-some-odd years of neocon failures – perhaps the mouth-piece was simply hoping for business as usual.
But the Obama Administration has been anything but “business as usual”. From day 1, the Obama administration “hit the ground running”. And that must have scared the daylights out of the neocons. They had gotten so close to destroying those parts of America they wanted to rebuild in their own image(although they never displayed skills at building – only destroying) that they did not want to loose now.
Only terrorists had a deeper dislike for the Obama Administration than the neocons. The neocons, their mouth-pieces and their TELL AMERICA press went into action.
One “high ranking” press source morphed a picture of President Obama with a picture of a terrorist and presented that “concoction” as “news” to its reading public.
Some folks in Arizona wanted to place an illegal alien problem the neocons created twenty-some-odd years ago into the “lap” of the Obama administration.
Another neocon “mouth-piece” “solved” the mortgage meltdown problem – said: “they gave your mortgage to less qualified minorities”.
The neocons went about their business of whipping up public opposition to the Obama Administration in the hopes that the Obama Administration would be as train-wreck prone as the necon administration was. That didn’t happen.
The neocons avoided saying the word R-E-C-E-S-S-I-O-N during their administration. That made it easier to assign the recession word to the Obama Administration. And assign they did. But the Obama Administration is making things better. The neocons were busy denying there was a problem.
Tags: biggest 6 month gain since 2003, gains, illegal alien, mortgage meltdown, obama administration, tell america press, terrorist, u.s. economy expanded
