News is out today that Q2 GDP is a lot worse than the unexpectedly bad numbers that were reported just several weeks ago. Ed Morrissey at Hot Air:
The GDP number for the second quarter got revised sharply downward by a third today, dropping from the initial estimate of 2.4% last month to 1.6% in the intermediate revision. The number represents a hard rebuke to White House attempts to paint a rosy long-term economic picture, as the anemic growth rate may indicate even more trouble ahead for joblessness
You know what this calls for . . . an Obama speech!
The White House seems really convinced that if they say “moving in the right direction” enough times when discussing the economy, the voters will give them some sort of credit, or at least not notice that the economy has mostly sputtered over the last two years, and really for the last three
Geraghty also provides a handy list of GDP growth over the past 10 quarters.
This calls for a chart!
So that's the direction Obama considers to be the right one?