Oh my. The spinning for Obama will never end.
“The best looking contraction you’ll ever see.”Like saying, “It was the prettiest pink slip I ever got.” wapo.st/VnCqJ8— Stephanie Kelton (@deficitowl) January 30, 2013
Oh how wonderful the Obama Economy.
Above is video of CNBC’s Rick Santelli reacting to the negative growth number for the U.S. Economy in the 4th Quarter of 2012, -0.1%. Santelli said:
“When you act like Europe, you get growth rates like Europe. Our discussions with economists sound like we’re in Europe. They’re always doing the right thing. They’re always thinking they know better, and this the kind of growth. We have become Europe. We are now Europe.”
Thanks to Barack Obama and the Democrats, that about sums it up.
CNBC: 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.
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 and looming spending cuts. . . . Read More
Here’s a new ad from Mitt Romney that is simple but powerful: “More than Just a Number.”
With enthusiasm for Mitt Romney surging, a pro-Romney SuperPAC – “Restore Our Future” – is reportedly going up with a $2 million ad buy across the state of Pennsylvania. They are reportedly going to run the above ad that hammers the disastrous Obama Economy:
POLITICO: Mitt Romney’s super PAC, Restore our Future, is launching an 11th-hour ad blitz in Pennsylvania, POLITICO has learned.
ROF is going up Tuesday with a $2.1 million ad buy across every Pennsylvania market, including pricey Philadelphia.
The group will air a spot, “New Normal,” that lashes President Obama on the economy and is already up in other parts of the country.
The late push for Pennsylvania comes as some internal GOP polling has shown the always-elusive Keystone State to be within a few points. . . . Read More
Here is video of Mitt Romney campaigning today in Ohio where he said President Obama has no plan for helping millions of Americans struggling in the Obama Economy. Romney said to the millions who are unemployed or under-employed, Barack Obama has taken them “Backward” instead of “Forward.”
Here is a new RNC Ad that shows the stark difference between the Obama Economy and what Mitt Romney will do as President. The ad features VP Joe Biden’s “Yes we do” pledge to raise taxes by $1 Trillion if they get a second term.
Here is video of Fox News’ Brit Hume last night refuting Barack Obama’s repeated contention that the U.S. Economy was in freefall when he took office. Hume actually points out that the worst was over before Obama became President, and there was actually a lessening of the shrinking economy in the first quarter of 2009, when Obama was inaugurated. Perhaps more importantly, Hume reminds us that “by June of 09,” the economy “began to grow again” – before “almost any” of Obama’s massive Stimulus spending took effect.
Obama’s constant claim to have inherited an economy in freefall and his actions stopped the fall and started the turnaround are just not supported by the facts. Further, deep recessions are usually followed by sharp recoveries – which Obama’s policies have hindered, and not helped.