(Video Incl.)She is being brought down by degrees…US economy shrinks 2.9% in first quarter

Greetings,

You can’t tell me honestly that you cannot see that America is folding up under divine chastisement. There is no way for you to put that lie over on anyone anymore. Her fall is too clear and too obvious.

Because of her evil, arrogance, corruption, deception, and propensity for murder and theft, this makes the destruction and fall of the world of the white man, especially wicked America, imminent.

….”In the past history of the world of the white man, there never was a time of destruction of his world like the present time.

It is useless for you to try to prevent the fall of the white man’s world. There is no checking it. The white race has not tried to do the right thing…justice. The doing of justice would have checked her fall (Bible, Jeremiah). But America was never willing; and even at this hour she is not willing to do justice by those whom she has mistreated.”–pg.170(tfoa)

US economy shrinks 2.9% in first quarter

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The US economy shrank at a much faster pace in the first quarter of 2014 than previously estimated, marking its worst performances since 2009.

The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, instead of the 1.0 percent rate it had reported last month.

Most economists had expected the revision to show the economy shrinking at a rate of only 1.7 percent. Given the sharp downgrade, growth this year could struggle to reach 2 percent.

“It’s a scary report. It sounds worrisome,” said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.

Most of the downward revision from the government’s previous estimate of a 1 percent annual decline reflected a change in the estimate of spending on healthcare. The government had previously estimated a strong gain in this category reflecting implantation of provisions of the Affordable Care Act.

The US economy was also held back by an unusually cold winter, the expiration of long-term jobless benefits and cuts to food stamps, which curbed consumer spending.

During the first quarter, growth in consumer spending, which accounts for more than two-thirds of US economic activity, was lowered to a 1.0 percent rate from a 3.1 percent pace.

Exports also fell at a 8.9-percent rate, the largest drop in five years, instead of a 6.0 percent pace. That resulted in a trade deficit that sliced off 1.53 percentage points from GDP growth.

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