Last quarter GDP revisions are in, and they are not good. The economy grew at an anemic 0.1% as opposed to earlier estimates of -.01%. As President Obama campaigns around the country with his message of “scarequestration,” he has been warning that the economy could experience losses totaling over 700,000 jobs. Curiously, that figure is strikingly similar to the Ernst & Young study warning Obama’s tax hikes would cause approximately 710,000 Americans to lose their jobs. Hmm?
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