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Economy Shrinks Obama & Pals Blame Republicans
By: Curt
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?
Shocking!
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Read more:
Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
The economy shrunk due to Hurricane Sandy. Would you like to make a bet that we see positive growth again in the first quarter?
That is like saying that the economy under George W. Bush was shrunk due to Hurricane Katrina. To which, BTW, the response was no worse than Obama's response to Sandy.
Sure there were hugs and kisses. But ask the people of New Jersey and Long Island.