At First Street Journal , ” The Economy Grew 2.8% For the 4th quarter, 1.7% Overall in 2011 .” And at Chicago Sun-Times , ” Economic growth not enough to sharply reduce unemployment .”
So, Friday we found out that the economy grew at 2.4%, well below forecast “as a scarcity of jobs eroded consumer spending”, with ““The economy just muddling through.” Stocks fell off on this news. The Washington Post had this to say Saturday The recovery is fading, and a troubling new pattern is setting in: economic
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Obama: 2.4% Growth Is Super Duper!
Reuters – President Barack Obama said on Friday he welcomed news that the U.S. economy grew by 2.4 percent in the second quarter, but said more work was needed to increase that growth rate and generate jobs.
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Obama hails news economy growing, wants more
(Reuters)
