Economic growth far below President Obama’s projections

The Commerce Department reported the third quarter gross domestic product, the value of all goods and services produced in the United States, rose to 2.0%; a slight improvement from the second quarter’s 1.3% growth. While analyst’s were expecting growth to be 1.8% and the number is considered a beat, it is still far below the growth needed to boost hiring. So far 2012 the GDP is growing at an annualised rate of 1.77%, less than last year, below the President’s 2011 estimates and nowhere near what was projected at the beginning of his term.

I’m not going to over analyze this.

I’m going to ask one question.

If you hired a contractor to do a job and they delivered only 1/3 of what they offered, would you hire them again?

I doubt it.

Most likely, you would be suing them for breach of contract.

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