US economy actually SHRUNK in the 4th Quarter...
Remember back in the closing weeks of the 2012 campaign... when Jack Welch questioned Labor Dept jobs stats that seemed to be cooked to prop-up Dear Leader on the eve of the election? If you'll recall, he stated (and was pilloried by the Left for it) that
'The economy would have to be growing at a breakneck speed' to make such numbers possible... and just as Welch had suspected- it ain't.
'The economy would have to be growing at a breakneck speed' to make such numbers possible... and just as Welch had suspected- it ain't.
But it's even worse than any of us thought: now you know what politicized federal agencies, the MSM, and the Obama campaign worked so hard to obfuscate: that the real US economic growth -and job creation- they were telling us we should be so happy about doesn't even exist:
CNBC (highlights RR):
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. (Ed- ha ha, you wish)
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. (Ed- ha ha, you wish)
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.
The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January...
Any of you idiot Obama voters willing to
admit you've been bamboozled yet?