Skip to comments.GDP Shows Surprise Drop for U.S. in Fourth Quarter (unexpected alert)
Posted on 01/30/2013 5:46:18 AM PST by Perdogg
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.
(Excerpt) Read more at cnbc.com ...
I find this statement amusing, for some reason.
Stop buying imported goods.
Return jobs to America.
Wow, the start of another ‘Bush Resession’!
This number will be corrected shortly. Any record of it ever having been reported will then be erased by the Ministry of Truth.
If GDP keeps going down all the time, I would think the last four years of stimulus hasn’t worked. Why does the Fed need more stimulus?
When business owners realized that the Marxist was re-elected by the Takers, the Makers pulled in their chips.
The Q1 results come in in March. By then, the phony bullish numbers that Wall St. puts out every Jan. will show a bust, as they have the past three years.
Figures lie and liars figure: The motto of the Obama administration.
The stimulus is working - in Asia.
This is terrible, we need to print money faster to keep up with demand!!
Yea, we all must have missed that the recession ended.
Waiting for the media to put a positive spin on this GDP number.
They can make it up in volume.
Or, in other words, if banging our heads is not working, we should bang our heads even harder.
With 3-D Printing and China hitting the LTP, jobs may be coming home.
Wow it looks like that suits gold and silver just fine — gold is straight up twelve bucks since that came out.
“...The economy shrank from October through December for the first time since the recession ended
I find this statement amusing, for some reason....”
Actually, it’s outright hilarious. Just another classic example of just how brain-diseased liberals are. They actually believe the recession ended. Now, they’re looking down the economic tunnel and they see light at the end of it, but in reality it’s the Obama Depression Train coming at em full throttle with old Omugbee himself at the helm. Can you spell collapse?
Well, this will certainly come as a shock to my father, who believes that the economy has been recovering for some time and that unemployment rapidly is decreasing.
I am guessing that tha MSM and the Administration will find some “plausible reason” that they can circulate to the steeple, and it will be seen as “just a bump in the road.”
Guess they shouldn’t have raised our taxes.