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Obama: Contracting economy GOP's fault
American Thinker ^ | 01/31/2013 | Rick Moran

Posted on 01/31/2013 6:47:06 AM PST by SeekAndFind

Be honest, now. Did you really expect Obama to take responsibility for anything?

From The Hill:

_____________________________

White House press secretary Jay Carney laid the blame for a surprise economic contraction squarely at the feet of congressional Republicans Wednesday, saying economic threats during the "fiscal cliff" negotiations had prevented important defense spending.

"Our economy is facing a major headwinds, and that's Republicans in Congress," Carney said.

The Commerce Department projected Wednesday that the nation's gross domestic product (GDP) shrank by 0.1 percent in the fourth quarter of 2012.

Carney said that was partially attributable to the threat of sequestration, which would implement across-the-board spending cuts if a long-term deficit deal is not reached. "This is political brinkmanship that results in one primary victim. That's American taxpayers and the American middle class," Carney said, acknowledging the GDP projection was bad news.

"I don't think anytime you see a reduction in economic growth that it's good news," he said.

Carney said economic observers were "rightly appalled" by the threat of sequestration or default to drive a debt deal, and charged that Republicans were harming the economy to the benefit of the wealthiest Americans. "It can't be we'll let sequester kick in because we insist tax loopholes remain in place for corporate jet-owners," Carney said.

Brendan Buck, a spokesman for Speaker John Boehner (R-Ohio), pointed the finger of blame for the still-looming sequester back at the White House.

"These arbitrary, automatic cuts were a creation and demand of the White House in 2011," said Buck. "Twice the House has passed legislation to replace them with common sense cuts and reforms. If there was any uncertainty late last year about the sequester, it was because the Democratic-controlled Senate, per usual, never lifted a finger to pass a plan to replace it."

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: gdp; gop; obama; republicans
AS A REMINDER:

SEQUESTRATION WAS OBAMA's IDEA !!

The House passed budget cuts to replace the sequester. Senate Democrats never considered the package.

Of course the low information voter doesn't even know it. Why? Because the mainstream press does not mention it today.

1 posted on 01/31/2013 6:47:13 AM PST by SeekAndFind
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To: SeekAndFind
Well, there ARE an number of folks who didn't vote for The W0n who are doing their best to conserve their cash by starving the economy of discretionary spending.

Of course that didn't just start to happen during Q4.

2 posted on 01/31/2013 6:56:08 AM PST by Paladin2
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To: SeekAndFind

Campaign 2014 begins in ernest.
Barack Hussein Obama, this small business owner saw you coming. Capital Strike!


3 posted on 01/31/2013 7:07:21 AM PST by griswold3 (Big Government does not tolerate rivals.)
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To: SeekAndFind

Didnt Obama take credit for ‘raising taxes on the rich’ ??

A major campiagn promise?

Well, party on ....HA_HA

You won Obama....you only take credit ??


4 posted on 01/31/2013 8:26:48 AM PST by sickoflibs (Losing to Dems and Obama is not a principle! Its just losing.)
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To: Paladin2

And we’re not doing it out of some sort of spite or vengeance, but out of self defense.

IOW, the conservation of spending is a direct response to his policies.


5 posted on 01/31/2013 8:32:11 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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