Quote:"Economic growth braked sharply in the first quarter as higher food and gasoline prices dampened consumer spending and sent inflation rising at its fastest pace in 2-1/2 years.
Another report on Thursday showed a surprise jump in the number of Americans claiming unemployment benefits last week, which could cast a shadow on expectations for a significant pick-up in output in the second quarter.
Growth in gross domestic product slowed to a 1.8 percent annual rate after a 3.1 percent fourth-quarter pace, the Commerce Department said. Economists had expected a 2 percent pace.
// 3 percent growth coming out of a recession is terrible compared to previous recoveries.
Quote:"Fifty-seven percent of independent voters — a crucial segment of the electorate for Obama's re-election bid — said the economy is in a recession or depression and 24 percent said it is growing.
Quote:""There's no fundamental justification to be long dollar right now," said Paresh Upadhyaya, director of G10 FX Strategy at Bank of America-Merrill Lynch in New York.
Quote:"Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.
Lately, they're "running out of money" at a faster clip, he said.
"Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.
// "Light Rail" is destined to be a flop. 1) businesses and manufacturing plants are moving out of cities. 2) "information" workers who are replacing these people in the major cities won't need to do much commutting for work because of telecommutting. Enjoy your worthless toy Twins Cities.
// I can't believe the president released this form now, when a release closer to the election would have been more devestating.
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