Originally Posted by cutthemdown
Bush had the biggest attack on us soil since Pear Harbor, you know a real excuse for a bad economy.
Obama blames things like the cold and Bush lol.
So you think the 2 unfunded wars had nothing to do with Bush??
Seriously, the partisan bull**** around here is knee deep.
Also your thread title is nonsense. There is no 'free fall,' though there's still a distance to go and HTF is Obama trying to hide the economic performance?? He can't.
But economists said more recent unemployment, manufacturing and service sector data all pointed to a sharp turnaround in the second quarter.
Analysts have forecast the economy could bounce back by as much as 4% in the second quarter.
Stuart Hoffman, chief economist at PNC Financial, said: "We have ample evidence that the first quarter was just a temporary setback for the economy, and we are climbing out of the hole in the current quarter."
Mark Zandi, chief economist at Moody's Analytics, said: "We should have a much better second half this year and a much better 2015 than 2014."
Jason Furman, chairman of the Council of Economic Advisers, said: "The recovery from the great recession, however, remains incomplete, and the president will continue to do everything he can to support the recovery, either by acting through executive action or by working with Congress on steps that would boost growth and speed job creation."
Last week, the US Federal Reserve cut its growth forecast for 2014 because of the harsh winter weather.
The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% to 3%.