Economic growth increased 2.5% for the First Quarter BUT:
Economists say that growth for THIS Quarter will be 2 % at best.
Consumer take home pay is down. Someone earning $50,000 a year has about $1000 less to spend thanks to the restoration of Social Security taxes.Two earner households have seen declines of as much as $4500.
Hiring slowed sharply in March.
Government cuts couple with sluggish private sector hiring has slammed the lid on new job creation.
Last but not least, these are initial Commerce Dept. figures. Under SOP they will be revised twice more.



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