Whew.. it sure is a good thing our esteemed leaders passed that tax hike on the “filthy rich”....
Oh, wait...
Obviously, there has not been enough stimulus spending. We need to give another Trillion to Obama’s campaign donors, ASAP.
re: “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. . .”
This sentence is the spin of the story. CNBC says shrinking of the economy is due to a drop in “government spending” for Defense - yeah, for Defense, which the libs hate, but the message to low information voters is - reduce government spending and you’ll “hurt” the economy.
So, we’ll just make up for that loss in defense spending by increasing it on all those needed government social programs.
It’s very important to note that the big shots “front-loaded” Q4 2012 with all kinds of deals, purchases, and salary tricks that were originally scheduled for 2013.
Q1 2013 has already been written off by financial writers for that reason — and now it suddenly looks like even the bean-counters and definition whores will have to admit, when the next GDP number comes out, that we’re in recession.
For those who pay attention, the federal government goosed the economy in the third quarter. Their increased spending was the largest part of the third quarter GDP increase. Now that the election is over, the spending declined. Hence the decline in GDP.
The Fed can do what they want. However, it will be like pushing on a string.
The "spending cuts" may loom, but that's all they will do.
What a joke on us. Ha ha.
Gee, I wonder if the drop in Q4 GDP growth is because imaginary growth was reported pre-election.
If we use the definition they used for Bush, a single negative GDP Growth, then we are in a recession and it started Oct. 1, 2012.
LOL. 2.2 percent is good news? We are barely treading water. Some recovery.
Imagine what the GDP Number would have been if Millions of Americans weren’t out buying Guns since Obama got Reelected.
Remember, all those Guns were Made In America.
“And you tell me
Over and over and over again, my friend
Ah, you don’t believe
We’re on the eve
of destruction.”
It’s cue the MSM and the Dems think the recession ended. Ask anyone looking for work, any sort of work how that is going.
Bookmark
So.....
We are printing 85 BILLION A MONTH = ONE TRILLION A YEAR
and we are borrowing through budget deficits ONE TRILLION A YEAR PLUS
So....we are pulling 2 trillion out of our fiscal butt and
THE ECONOMY IS SHRINKING?
and the dems say its because of less Defense Spending? So that means that our economy is, despite 2 trillion dollars a year pumping into it, STILL dependent on Government Defense Spending?
But the Dow is over 14000?
Splain.