Skip to comments.Economy Shrinks…Obama & Pals Blame Republicans
Posted on 01/31/2013 10:11:44 AM PST by Starman417
Another 'who woulda thunk it' moment:
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.
Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?
But wait...the White House says it's all the Republicans fault:
White House press secretary Jay Carney laid the blame for a surprise economic contraction squarely at the feet of congressional Republicans Wednesday, saying economic threats during the fiscal cliff negotiations had prevented important defense spending.
Our economy is facing a major headwinds, and thats Republicans in Congress, Carney said.
The Commerce Department projected Wednesday that the nations gross domestic product (GDP) shrank by 0.1 percent in the fourth quarter of 2012.
Carney said that was partially attributable to the threat of sequestration, which would implement across-the-board spending cuts if a long-term deficit deal is not reached.
This is political brinkmanship that results in one primary victim. Thats American taxpayers and the American middle class, Carney said, acknowledging the GDP projection was bad news.
The American taxpayers and the middle class are already victims having had their taxes raised.
And whose idea was sequestration anyway?
(excerpt) Read more at floppingaces.net...
The members of the Makers Union are staging a slowdown strike to protest the demands of the Takers Union.
Everybody Love Barry. Little Barry Soetoro can do no wrong. When Barry says the dog ate his homework, the damn dog ate his homework!
Everybody gets a trophy playing grade school wiiffle ball.
I see the same rules apply for affirmative action presidents.
Glad to see an increasing number of Americans are going Galt. Was real busy last month as people were selling their properties and businesses because they have just said screw it and don’t want to pay ever higher taxes. They are cashing out. But we are going to reap the problems this year.
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