Recession 2014? Economy Drops 3% since April

Recession 2014? Economy Drops 3% since April The Obama administration continues to paint a rosy picture of the US economy, claiming that we are well on the way to recovery. Yet that’s not what the Gross Domestic Product (GDP) says. Since the government reported in April that the economy is doing better, the GDP has fallen by 2.9%. That may not sound like a lot to some of you until you realize that it’s the largest drop in over 5 years. The last time the economy took a dive that large was Read more […]