US Economy has Gone From Weak to Weaker: McTeer

5:30 AM ET Tue, 17 July 2012

"The last two GDP numbers were very weak, so we have already had two quarters of GDP that is really below two percent and we have also had three bad employment months in a row in addition to the three retail sales months in a row," Robert McTeer, Fmr Dallas Fed Bank president and CNBC Contributor, told CNBC.