No stopping that Obama economic freight train now.
The U.S. economy grew at a slightly faster but still anemic rate at the end of last year. However, there is hope that growth accelerated in early 2013 despite higher taxes and cuts in government spending.
The economy grew at an annual rate of 0.4 percent in the October-December quarter, the Commerce Department said Thursday. That was slightly better than the previous estimate of 0.1 percent growth. The revision reflected stronger business investment and export sales.
Analysts think the economy is growing at a rate of around 2.5 percent in the current January-March quarter, which ends this week.
They think it, but that doesn’t make it so. How do they expect it to grow over 2% when it was just a pathetic 0.4%. Meanwhile, curiously missing from this story is the name Obama. It’s as if his horrible economic policies have nothing whatsoever to to with anything.