"The US economy suffered its worst
performance for five years in the first quarter of 2014, latest figures
show.
The economy shrank at an annualised rate of 2.9% in the first three months of
the year, the third estimate from the US Commerce Department showed.This was worse than the previous estimate of a 1% contraction, and also worse than economists' expectations.
However, the economy is expected to have recorded a sharp recovery during the second quarter of the year.
Spending downgrade
The unusually cold weather in the first quarter of the year has been blamed for the poor performance of the economy". http://www.bbc.com/news/business-28012760
I'm trying to come up with more excuses for the next quarter: drought, tornadoes, herpes, measles, minimum wage, maximum wage, overweight conservatives, underweight conservatives, Catholics, not enough abortions, deviated septum's. It's an endless list. I've got a clue. How about the government butting out and let business run its course.
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