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<blockquote data-quote="moreluck" data-source="post: 1160939" data-attributes="member: 1246">Go back and revise the numbers downward and no one is paying attention to the revision........typical Obama b.s.What a mess.<a href="http://money.cnn.com/2013/06/26/news/economy/gdp-revisions/" target="_blank">NEW YORK (CNNMoney)</a> — Uh-oh. The U.S. economy suddenly looks weaker, after the government revised its data for the first quarter.
Gross domestic product — the broadest measure of economic activity — rose at a mere 1.8% annual pace between January and March, marking a sharp downward revision from the 2.4% pace reported by the Commerce Department last month.


The government revises its GDP figures several times, but economists weren’t expecting such a dramatic change from the third estimate.
“This was certainly unexpected and, I believe, rare,” said Jennifer Lee, senior economist with BMO Capital Markets, referring to the revision.
The weaker figures came primarily from revisions to consumer spending, exports and commercial real estate.

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[QUOTE="moreluck, post: 1160939, member: 1246"] Go back and revise the numbers downward and no one is paying attention to the revision........typical Obama b.s. What a mess. [INDENT][URL="http://money.cnn.com/2013/06/26/news/economy/gdp-revisions/"]NEW YORK (CNNMoney)[/URL] — Uh-oh. The U.S. economy suddenly looks weaker, after the government revised its data for the first quarter. Gross domestic product — the broadest measure of economic activity — rose at a mere 1.8% annual pace between January and March, marking a sharp downward revision from the 2.4% pace reported by the Commerce Department last month. The government revises its GDP figures several times, but economists weren’t expecting such a dramatic change from the third estimate. “This was certainly unexpected and, I believe, rare,” said Jennifer Lee, senior economist with BMO Capital Markets, referring to the revision. The weaker figures came primarily from revisions to consumer spending, exports and commercial real estate. [/INDENT] [/QUOTE]

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