U.S. Economy Growth Is Tepid
The U.S. Commerce Department released Q2 results that indicate that, at an annualized rate, the American economy grew at 1.7 percent. And Wall Street and its coterie of experts are ecstatic. Why, I may ask? Because that number supposedly beat the predictions of those same experts, and exceeded that Q1 number, which reflected annual growth of the U.S. GDP at 1.1 percent.
Let’s hold our horses before uncorking the champagne bottles. By any standard, 1.7 percent annual GDP growth is tepid, and it is downright atrocious when one considered the massive fiscal and monetary stimulus being poured into the U.S. economy by the politicians and the Federal Reserve, care of Fed Chairman Ben Bernanke’s quantitative easing and purchases of U.S. securities at the rate of 85 billion dollars per month, facilitated through the Federal Reserve’s printing press.
In addition to the above facts, the comparison with Q1 is misleading. Yes, 1.7 percent looks better than 1.1 percent. But let us recall that the 1.1 percent figure is a corrected number; the original Commerce Department report on Q1 was annual GDP growth of 1.8 percent. Who can be certain that the Q2 number will not at some point be corrected downward, just as with the Q1 report?
All in all, despite the celebratory hype, I find nothing to cheer about in the report, and find the meager growth figure a pathetic end product derived from unprecedented fiscal deficits and Federal Reserve money printing.
If Hillary Clinton runs for President of the United States in 2016, see the video about the book that warned back in 2008 what a second Clinton presidency would mean for the USA:
Hillary Clinton Nude
Hillary Clinton Nude
HILLARY CLINTON NUDE

WALL STREET KILLS--A CHILLING NOVEL ABOUT WALL STREET GREED GONE MAD
To view the official trailer YouTube video for “Wall Street Kills,” click image below:
