Goldman Sachs downgrades Obama’s economy and sees continued high unemployment and recession

It’s the economy stupid!

Don’t look expect the talking heads over at MSNBC to mention this bombshell report at all. The propaganda from The Left is going to be that is Obama is doing the best he could, but George Bush left a terrible mess. Also any complaints of President Obama is because he’s Black.


Reuters

Last night in a new report, Democrat-friendly Goldman Sachs dropped an economic bomb on President Obama’s chances for reelection (bold is mine):

Following another week of weak economic data, we have cut our estimates for real GDP growth in the second and third quarter of 2011 to 1.5% and 2.5%, respectively, from 2% and 3.25%. Our forecasts for Q4 and 2012 are under review, but even excluding any further changes we now expect the unemployment rate to come down only modestly to 8¾% at the end of 2012.

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