1st Quarter GDP, Take 3 - Worserer than worse.

Thanks, Obamacare...

http://www.huffingtonpost.com/2014/06/25/obamacare-gdp-growth_n_5529342.html?utm_hp_ref=business&ici...

If HuffPo won't even attempt to spin it into a positive, it must REALLY be bad.  They do take the same tact NPR did with GDP by suggesting (after touting the health care spending and unemployment numbers previously when they reflected positively on the Administration) that "we" really shouldn't give such numbers significant weight as indicators of the state of the economy.  That, and of course presenting the Administration's current spin in response to the new numbers - predictions of a reversal in the trends they indicate going forward.  

Even though one would think they'd be more cautious in terms of running with the Administration's line at the precise time when being they're forced to recant having done so in this case, they can't really help themselves.  It's like the person with a perpetually cheating S.O. who keeps clinging to hopes that they'll change.   They're so invested in Obama, the concept, that they're in constant denial about what's really happening.

Seriously, it's time to stop pretending that in 2008 and 2012 we, as a nation, elected a person with the experience and ability to right the ship of state.  We need to admit that the guy we put in the top spot was essentially an inexperienced neophyte not ready to assume the office.  He was initially nominated for cynical reasons (namely his ability to get to the polls a significantly sized sector of the Democratic base that was a perennial, virtual no-show) and, ultimately, voted into office primarily because of what, rather than who, he is.

About the best we can hope for at this point is that somehow, someone figures out a way to curtail his ability to issue one screwed up executive order after another.   It's our only hope of riding this travesty out in one piece - and even that's a long shot.

Let's also hope to G-d we don't do the same thing for a similar reason in 2016.  Our economy is too fragile to continue to put people into the ultimate position of power based on how they appeal to our sense of social justice rather than the degree to which they possess the appropriate experience and qualifications.