The Patriot Post® · 1Q GDP -1.7%

We were told this year’s dismal first quarter GDP was all because of harsh winter weather, right? You can kiss that assertion goodbye. The contraction, originally pegged at around 1%, is more than likely closer to 2% thanks to bad health care data. According to Reuters, “The government reported that the economy contracted at a 1.0 percent annual rate in the January-March period. But with health care spending data now in hand, economists say growth probably declined at a rate of at least 1.7 percent.” Say, wasn’t Obama supposed to fix our health system with a government overhaul, too? This is the face of Obamanomics and Hope ‘n Change. Another quarter like this and guess what? We’re in recession again. More…