Stuck In The Mud
Front: Three

Obama’s Economic Policies Have Left The Nation’s Economy Sputtering On Several Fronts....
                                                        Series
                                                  Front: Three

ECONOMIC GROWTH HAS “BRAKED SHARPLY” WHILE INFLATION HAS SURGED
“Economic Growth Slows, Inflation Surges.” (Lucia Mutikani, “Economic Growth Slows, Inflation Surges,” Reuters, 4/28/11)
“Economic Growth Braked Sharply In The First Quarter As Higher Food And Gasoline Prices Dampened Consumer Spending And Sent Inflation Rising At Its Fastest Pace In 2-1/2 Years.” (Lucia Mutikani, “Economic Growth Slows, Inflation Surges,” Reuters, 4/28/11)

· “Growth Was Disappointing,” “‘Growth was disappointing given the momentum of the economy heading into the year. We are still of the belief that the economy will improve out of the soft patch through this quarter into the second half of the year,’ said Brian Levitt, an economist at OppenheimerFunds in New York.” (Lucia Mutikani, “Economic Growth Slows, Inflation Surges,” Reuters, 4/28/11)

· Thanks In Part Due To “A Sharp Pull Back In Consumer Spending.” “Growth in the first quarter was curtailed by a sharp pull back in consumer spending, which expanded at a rate of 2.7 percent after a strong 4 percent rise in the fourth quarter.”(Lucia Mutikani, “Economic Growth Slows, Inflation Surges,” Reuters, 4/28/11)

The Week’s Economic News Kept The Dollar Near A Three-Year Low. “Prices for U.S. government debt rose after the data, while stocks edged lower. The weak GDP report and the Federal Reserve's stated commitment to a loose monetary policy stance after a two-day meeting on Wednesday kept the dollar near a three-year low against a basket of currencies.” (Lucia Mutikani, “Economic Growth Slows, Inflation Surges,” Reuters, 4/28/11)

Source: Research Republican National Committee, www.gop.com