Wealth creation happens in the business sector, and Obama is hostile to business

Morgan Stanley’s 2Q GDP projection: 0.3 percent?

By Herman Cain —— Bio and Archives--July 24, 2013

American Politics, News | Comments | Back To Full Article

It's not official, but if Morgan Stanley is even close to being correct with its estimate . . . oof. The Obama Administration wasn't exactly throwing a party when it made the initial preliminary estimate a few weeks ago that first quarter GDP growth had come in at 1.8 percent, instead of the 2.4 percent they originally reported. If Morgan Stanley is right and we only do 0.3 percent in the second quarter? My goodness, that is horrendous.

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