(John Hinderaker) As you probably have already seen, the Commerce Department announced today that GDP contracted by an annual rate of 0.7% in the first quarter of 2015, a downward revision from the previously estimated 0.2% growth. This continues a pattern that many observers find puzzling and disappointing. This graphic shows quarterly GDP growth from the first quarter of 2009 to the present; the last bar would need to be changed to
Source: Power Line