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

The Obama Economy – U.S. Economy Shrank in Q4 2012; CNBC’s Rick Santelli Says, “When You Act like Europe, You Get Growth Rates like Europe. . . We have become Europe. We are Now Europe” – Video 1/30/13

Here is great video of CNBC’s Rick Santelli today illustrating just how laughable the “Fiscal Cliff” Deal being done really is when compared to the problem facing America. Santelli took a “pea” and smashed it with a hammer, saying that “pea” compared to the size of the Empire State Building as the National Debt is what Obama’s tax increase deal actually does to the debt. Nothing. He further warned to watch out for your “personal liberty” when leaders start talking about “fairness” and “balance” to cover their intentions.

CNBC’s Rick Santelli Smashes Obama’s “Pea”-Sized Effort at Tackling the Massive Debt Problem Facing America; Warns Look Out for Your “Personal Liberty” when Leaders start Talking “Fairness” and “Balance” – Video 12/31/12

Here is video of CNBC’s Rick Santelli going ballistic over the “Fiscal Cliff” fiasco. Santelli makes exactly the right point, that all the pathetic banter about a “deal” to avert the “Fiscal Cliff” is not even beginning to address the real “cliff” – the more than $16 Trillion National Debt and the $100 Trillion in “unfunded liabilities” facing the nation. Barack Obama has no intention of dealing with that because he wants to keep growing Government larger. Santelli says Obama, Congress, and Treasury Secretary Tim Geithner “don’t have a clue.”

CNBC’s Rick Santelli Goes Ballistic on the “Fiscal Cliff”; Says Obama, Congress, Geithner Don’t “Have a Clue” about the Real Debt Disaster Facing the Nation – Video 12/28/12

Here is video of CNBC’s Rick Santelli this morning having another epic meltdown after getting frustrated over the “Fiscal Cliff” discussion going on. Toward the end of the clip, Santelli throws his papers at the camera and walks off.

CNBC’s Rick Santelli Throws Papers at Camera and Walks Off out of Frustration over “Fiscal Cliff” Discussion: “I Can’t Even Talk About it Anymore” – Video 11/30/12

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