Of course the state run media went into full spin mode immediately.
“Drop in Gov’t spending” HELLO...Fed Gov’t spent $30 BILLION more in 4th quarter 2012 than the prior year.
It won’t be long now....
Barry and the ‘RATS can continue blaming somebody else for everything. However, the commie lib ‘RATS OWN this failed economy. Bush has been gone for over 4 years. YOU own it ‘RATS!
The third quarter GDP report claimed an unbelievably large increase of 3.1%, which was used as evidence of Obama’s alleged economic success. If that last report before the election was for whatever reason inflated, then it would make sense that at least the 4th quarter report would come in “unexpectedly” low (with any economic growth having already been reported just in time for the final campaign push). I’m wondering if the economic reports are as fraudulent as everything else from our community-organizer-in-chief, a composite of real jobs growth and expected eventual improvements.
A spark of fight! Well said by the Speakers aide. Just tell the truth about the dims.
Personal income was way up or it would have been worse, but looking at it closer it was due to people making as much investment and bonus income as they could before the tax increase. Also capital and software purchases were up as the tax benefits from depreciation rules changed in January also. Doesn’t paint a good picture for Q2.
Shouldn’t the headline read?: GDP totally dependent on Government Debt
I mean the results of the cuts have reversed GDP growth. So the entire economy is faked by government overspending money it never had.
I thought Baghdad Bob was hung in Iraq several years ago. It seems he’s working as the White House spokesman...