April 27, 2012

UNEXPECTEDLY: GDP Growth Comes In At Only 2.2%. More here. “Politically speaking, this makes the White House’s ‘we’re on the right track’ argument a little more difficult to make. A 2.2% GDP rate won’t be a disaster on the stump, but the trend is going once again towards another Stagnant Spring. If it gets revised downward in the next two months, Obama will have a tough time talking about the economy. Expect a lot of discussion of dog carriers and condoms in the weeks ahead.”