Rick Santelli on Obama’s Latest GDP Numbers: “Depressingly Weak” (Video)
Posted by Jim Hoft on Thursday, September 27, 2012, 12:13 PM
Here’s the latest on the Obama Economic Disaster–
Drudge reported:
GDP revised down to 1.25%…
Durable orders drop 13.2% — ‘worst since recession’…
SANTELLI: ‘Depressingly weak’…
CNBC reported:
New durable goods orders in August fell by the most since the recession and a separate reading on the broader U.S. economy came in much weaker than expected. But weekly jobless claims sank to a two-month low, in a hopeful sign for the labor market.
New orders for long-lasting U.S. manufactured goods in August fell by the most in 3 1/2 years, pointing to a sharp slowdown in factory activity even as a gauge of planned business spending rebounded.
The Commerce Department said on Thursday durable goods orders dived 13.2 percent, the largest drop since January 2009, when the economy was in the throes of a recession. Orders for July were revised down to show a 3.3 percent increase instead of the previously reported 4.1 percent gain.
Economists polled by Reuters had expected orders for durable goods — items from toasters to aircraft that are meant to last at least three years — to fall 5 percent.
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regularguy commented:
Doesn’t matter, we’ll get our free cell phones and Obamacare.
snap boy commented:
Get louder, Rick; people pay attention to you…
Spider commented:
Santelli comes dangerously close to getting the truth out during these CNBC snippets.
Don’t know why they allow it. The rest of the show is all Obamanomics all the time.
Strange that a business network can have their heads so deep in the sand.
ENRON for Obama commented:
What do you call someone who revises a prior quarter’s public company income statement down by a third? A Sarbanes-Oxley violator. What do you call someone who does it quarter after quarter? Bernie Madoff’s cellmate.
What do you call a government official who revises government economic statements down by a third? A Democrat-friendly union employee. What do you call someone who does it quarter after quarter? An Obama supporter.
vangrungy commented:
http://www.motherjones.com/politics/2012/09/1985-romney-bain-harvest-firms-profits-video
vangrungy commented:
Leftys think they have a winner here.
the key word is “harvest”
they are going to go full press on this clip
bg commented:
++
another number..
September 27, 2012
US Taxpayers Spent an Enormous $1.4
billion on the Obama Family Last Year
[In comparison, British taxpayers spent
just $57.8 million on the royal family.]
==
ponderon commented:
The Alinsky Media keep telling us that everything is sun-shine and roses …Economy is improving……….You got the FEDS printing money pumping into markets, buying up our own debt…were looking at severe economic downturn regardless of the out come of this election.
Restless commented:
It’s become so predictable. This horrible economic news is getting buried by the MSM. I’ve just checked various “news” web sites, and this story is nowhere to be found. It would be banner headlines with a Republican in the White House. I hope Romney trumpets this news loud and clear in the debate; otherwise, most people will never hear about it.
tommy mc donnel commented:
does any economic statistic ever get revised in a positive direction?
democraps suck commented:
All part of odumb$hits plan to destroy America…the mooslime POS goes to bed laughing at the stupidity of the american people
US Navy Corpseman commented:
Ever notice how the weekly job reports and economic forecasts are always ” short of expectations” “unexpectedly low” “lower than predicted” ??
Who are these ‘experts’? They’re never right. Trying to soften the bad news of Obungle’s abysmal job performance??
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