Politics: Brutal: 1Q GDP revised downward to minus-2.9 percent | Best of Cain:
"Horrendous.
First you heard that the economy was weak the first part of the year, when the government announced that GDP growth had been only 0.1 percent.
Then you heard there was actually no growth at all, as the government revised its estimate to minus-1.0 percent.
Yeah, it not only didn't grow.
It shrunk.
But today we learn how truly horrendous the economy has become under the policies of Barack Obama, as the government admitted that the actual economic output of the nation shrank by an astounding 2.9 percent in the first quarter of 2014.
How bad it that?
It's the worst in five years, and it's way too bad for Obama to get away with blaming the weather, as he tried to do when the original sucktastic estimate came out.
Everything is horrible, but especially exports:"
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