The US economy shrunk at a much larger rate than previously estimated in the first quarter.
The GDP fell by 2.9% , the economy’s worst performance since the Great Recession.
(Trading Economics)
But it wasn’t that long ago that the White HOuse bragged that Obamacare saved the first quarter GDP from shrinking.
The NRCC reported:
By now many of you have seen the news that our GDP declined steeply in the 1st quarter.
A drop of 2.9 percent is the type of precipitous fall we haven’t seen since the first months of 2009.
But it was less than 2 months ago that the White House bragged ObamaCare actually prevented a GDP contraction in Q1:
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