The Commerce Department has just announced the early estimate on GDP growth for the second quarter. Not good. It's only 1.7 percent, which is even worse than the paltry annualized growth of 2.0 percent we've been seeing throughout Obama's presidency. It gets worse: GDP growth for the first quarter, which was already downgraded from 2.4 percent to 1.8 percent, has been downgraded again to a mere 1.1 percent.
