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.But the Regime, and the liberal Democrats are quick to pass the responsibility onto.....Republicans! (The Hill, via Michelle Malkin/Doug Powers)
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 major headwinds, and that’s Republicans in Congress,” Carney said.In other words, nothing is ever the fault of the Chicago Jesus.
Notice that the press has been mostly quiet about this today?
Obama sure inherited a mess in his second term, and he's not blaming his predecessor this time!