Bummer of Recovery: GDP Revised Down to 1.6%

I guess this was unexpected.

The U.S. economy grew at a 1.6 percent annual rate in the second quarter, less than previously calculated as companies reined in inventories and the trade deficit widened.

Federal Reserve Chairman Ben S. Bernanke, who addresses central bankers from around the world today in Jackson Hole, Wyoming, may shed more light on policy makers’ outlook in the wake of reports that signaled a growing risk of a renewed U.S economic slump. Slowdowns in housing, business investment and consumer spending are prompting economists to cut second-half growth forecasts.

Somehow we must be bigots or racists for noting this.

Meanwhile, the stooge causing this mess went golfing again yesterday.

President Obama declared yesterday Women’s Equality Day, then went golfing with three men.

The Leader of the Free World - not exactly filled with the spirit of the 90th anniversary of the 19th Amendment - teed off at Farm Neck Golf Club with his fairway BFFs White House trip director Marvin Nicholson and Dr. Eric Whitaker. Broker bigwig Cyrus Walker, a cousin of senior advisor Valerie Jarrett, was the fourth.