Economy shrinks ... (stats, Whitehouse, Barack Obama, companies)

[florida.bob]

for 1st time in 3.5 years. went down .1% ...... oh wait, that's due to defense cuts...

http://www.usnews.com/news/business/...me-in-3--years

[LAWS]

It went down because they didnt fudge the inflation stats quite enough. In real real real terms (not govt real terms!) it hasnt grown in decades.

[Spaten_Drinker]

More information for Barack's presidential hut after he leaves office.

[Swingblade]

Originally Posted by florida.bob

for 1st time in 3.5 years. went down .1% ...... oh wait, that's due to defense cuts...

U.S. Economy Shrinks 0.1 Percent, First Time in 3.5 Years - US News and World Report

The article also mentioned the holiday tax cut ending which was used as a prop to increase consumer spending. Could you tell us since you think the economy is so good under Obama what will the numbers be on consumer spending? will they rise or fall?

[AeroGuyDC]

Originally Posted by florida.bob

for 1st time in 3.5 years. went down .1% ...... oh wait, that's due to defense cuts...

U.S. Economy Shrinks 0.1 Percent, First Time in 3.5 Years - US News and World Report

And with the recent payroll tax increase, we can probably expect another hit to economic growth this year.

Remember that "What does $40 mean to you?" campaign that Barack Obama barfed up about 2 years ago? Yeah, that rooster is coming home to roost in 2013. Apparently $40 is diddly squat to Obama these days.

http://www.whitehouse.gov/blog/2011/...es-40-mean-you

[Ponderosa]

Kind of a weird outcome that is not in line with corporate revenue and sales reporting from last quarter. Inventory drop is actually good news and shows that companies underestimated demand in the quarter. Inventory rebuilds will make for a strong Q1 GDP unless the sequestration happens. The markets don't seem to be taking it too seriously and neither should anyone else.

[lifeexplorer]

Republicans' fault.

[HappyTexan]

When government spending drives the economy then either the government keeps spending or we see the economy shrink.

Many said the government was propping up the GDP. Now you have proof.

[redroses777]

It is Bush's fault. We need more time. The first four years just wasn't enough time to make it all better.

[Globe199]

Originally Posted by AeroGuyDC

And with the recent payroll tax increase, we can probably expect another hit to economic growth this year.

Remember that "What does $40 mean to you?" campaign that Barack Obama barfed up about 2 years ago? Yeah, that rooster is coming home to roost in 2013. Apparently $40 is diddly squat to Obama these days.

What Does $40 Mean to You? | The White House

Are you aware that Republicans approved that deal?