U.S. economy bogs down in first quarter with slowest growth in 3 years, GDP shows (THANKS TRUMP!)

[workinclasszero]

U.S. economy bogs down in first quarter with slowest growth in 3 years, GDP shows
Small 0.7% GDP reflects temporary dropoff in consumer spending
Published: Apr 28, 2017 10:26 a.m. ET By Jeffry Bartash Reporter

The government’s official scorecard for the U.S. economy in the first quarter pointed to the weakest growth in three years, but the slowdown appeared tied to temporary effects that are likely to give way a rebound in the coming months.

The steep drop-off stemmed from the smallest increase in consumer spending since the end of 2009, largely reflecting fewer sales at car dealers. Consumer outlays rose just 0.3%, a steep drop from the 3.5% gain at the end of 2016.

Government also reduced spending and businesses scaled back on inventory production to make sure they didn’t get stuck with lots of unsold goods on warehouse shelves.

http://www.marketwatch.com/story/us-economy-posts-slowest-growth-in-three-years-first-quarter-gdp-shows-2017-04-28

[DK504]

1. These idiots will blame President Obama

in 3,2,1. I guess that speaking fee, completely tanked the economy. <snark>

[Luciferous]

9. That was my first thought as well!

[Achilleaze]

2. thank you Comrade Casino (R*)

* republican Draft-Dodger-in-Chief

[Wellstone ruled]

3. Just the start,

appears to be a direct correlation with the Garbage that flows from Trump's mouth(anus)and consumer spending. One major Tell was the big drop off in Auto buying,Trump bash's Ford,sales drop,Trump bash's Consumer hard Goods,sales drop.

People are not Stupid like our President. As soon as the Bashing of Industry started,the pull back started.

At some point,these slugs have to own it and stop the Obama blame game.

[kimbutgar]

6. I was thinking about trading in my old 2003 car with 125,000 miles but with so much

Uncertainty. I don't want to put myself in debt now with the chump in the White House.

[Wellstone ruled]

7. Have a Kid in the Biz.

He here's this statement more and more. If you think your Employment is safe,then jump into something with free money.

[Cattledog]

4. Wonder if he will own this like he did Obama's job #s.

[Kittycow]

5. I wonder if housing will go down due to CA soft lumber tariff.

[Vinca]

8. That's a sure thing if the price of a new house is 20% more.

[Kittycow]

10. Thanks. Math is hard lol

ETA: I think I read that we import 33% of our soft lumber from CA. I'm kinda following this although I have just a superficial understanding of the issue.

The first thing I thought was There go our trees.