The Commerce Department released revised data for the U.S. economy in Q1 of 2015. Instead of the disappointing 0.2 percent contraction, the Commerce Department is now reporting that America’s GDP contracted by a far worse 0.7 percent. This rate of negative growth clearly reveals severe and lingering weaknesses in the nation’s economic health, seven years after the onset of the global economic crisis.
As is usual, the pundits are blaming the weather, a rising dollar, the Greek debt crisis, everything but the kitchen sink. They also promise a strong rebound in Q2. However, what the pundits ignore is that the first quarter also witnessed a severe fall in oil prices, a factor that was predicted to be highly stimulating for the national economy and GDP growth. It seems that fundamental vulnerabilities still ail the U.S. economy, a reality that simply cannot be ignored or spun away.
Hillary Clinton is running 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:
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