Oh joy: 1Q GDP growth revised all the way up to 0.8 percent

If this is what we call good economic news in the era of Obama's new crappy normal, I think I've had about all the news I can take. Following a pathetic fourth quarter in which the economy grew only 1.4 percent, the government had the unenviable task last month of informing us that the first quarter of this year was worse. Much worse. Initial estimates at first quarter growth came in at a paltry 0.5 percent. Ouch. I don't know why anyone would expect anything different under Obama's policies of hostility toward the productive sector of the economy, but that's the news they gave us.