The Patriot Post® · GDP Slows to a Crawl

“If we expect another pivot from the White House, don’t expect it to be on the economy,” writes Hot Air’s Ed Morrissey. That’s because first quarter GDP came dragging in at just 0.1% – barely a heartbeat. That’s a significant slowdown from the fourth quarter of 2013, when GDP grew 2.6%. We expect further evidence of economic stagnation when April’s jobs numbers are released Friday. Some economists point to the rough winter weather as the reason for the slowdown, and that may be true to a point, but it’s far more likely that small business owners finally got their now-higher Obama tax bills. Combined with the other form of taxation – regulation – a slowdown is the natural result of Obama’s policies.