Yesterday, Breitbart News reported that consumer confidence had dropped to its lowest level in almost two years. Much of the media spun the number as the result of a payroll tax increase that hit millions who were repeatedly told by Obama that only the rich would see their taxes increase. Surprise! But the spin didn't explain why consumer confidence had steadily dropped during the months prior. Well, now we know: The American economy has taken a nosedive.
For the first time in over three years, the U.S. Gross Domestic Product shrank. Between October and December of 2012, the GDP had a negative growth of 0.1. And let's remember that this is the same quarter where we saw the media go into hyper-drive to spin Obama's anemic job and GDP growth into a repeat of the Roaring Twenties.
The problem with the American economy is that Obama and his media can't fool it. Happy talk and spin and distractions about contraception don’t create jobs or growth. You might be able to fool legions of people into voting a certain way, but you can't fool them into spending and hiring and investing. More
Falling for the old White House spin aren't you 7:18? Seems wasn't so long ago all the talk was that Bush and his wars were the cause of all the federal government's financial woes. BO was going to end those wars and Happy Days would be here again! All that saved money will surely lower the defict which in turn will make the GDP rise. GDP has nothing to do with consumer confidence and spending nor unemployement nor the country's budget deficit I guess? It's that damm defense spending that was cut!
Alex will fall for it. But that's because he's a good sheep.
ReplyDeleteI guess everyone should just move here to Maryland. O'Malley says we're #1 in everything!
ReplyDeleteSeems a huge reason GDP was down was the decrease in defense (ie government) spending. So shouldn't you guys being celebrating?
ReplyDeleteI literally and truly cannot stand looking at, listening to, to corrupt Obama! Loser, liar and lame!
ReplyDeleteIn full agreement with 8:26am. Seeing his face is disgusting; hearing his voice is worse that fingernails on a chalkboard.
ReplyDeleteFalling for the old White House spin aren't you 7:18? Seems wasn't so long ago all the talk was that Bush and his wars were the cause of all the federal government's financial woes. BO was going to end those wars and Happy Days would be here again! All that saved money will surely lower the defict which in turn will make the GDP rise.
ReplyDeleteGDP has nothing to do with consumer confidence and spending nor unemployement nor the country's budget deficit I guess? It's that damm defense spending that was cut!
Hey Obama!!! You own this!!!!
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