Jun 5, 9:31 AM EDT
REPORT: US HASN'T SEEN EXPECTED 'GREAT RECOVERY'
LOS ANGELES (AP) -- An economic forecast says the country's expected "Great Recovery" hasn't materialized and the economy's fallen short of even normal growth.
The Los Angeles Times ( HTTP://LAT.MS/13ESJJ3 ) reports the gloomy picture appears in the quarterly UCLA Anderson Forecast released Wednesday.
It says that real gross domestic product growth - the inflation-adjusted value of goods and services produced - is well below the 3-percent growth trend of past recoveries. The forecast says the country isn't creating enough good jobs.
Meanwhile, Treasury will lose $10 BILLION on the General Motors bailout. :lol: That equals TEN THOUSAND MILLION DOLLARS!!!!!!!!!!!!!
Could we get a defense of the "Buckwheat Bust" here?