Worst. President. Ever.
The economy posted a drop of .1% in the final quarter of 2012.
big shrink

CNBC reported:

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.

Still, the weakness may be because of one-time factors. Government spending cuts and slower inventory growth subtracted a total of 2.6 percentage points from growth.

And those volatile categories offset faster growth in consumer spending, business investment and housing — the economy’s core drivers of growth.

Under the leadership of Barack Obama the US has seen anemic economic growth.
us growth obama
(Trading Economics)
The US is currently suffering through the worst recovery ever.

 

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  1. Lets watch the msm spin this and blame Bush, or the GOP. Whatever it takes not Obigears fault

  2. Fourth quarter 2012? Isn’t that the Christmas shopping season? Isn’t that the quarter when retail makes it profit for the year?

  3. I can’t see anymore this garbage where Traitor in Chief is messing with America’s Economy.

  4. What are we gonna do??

  5. As opposed to the booming economy we had under his predecessor.

  6. Meanwhile….all of Obama’s advisers are standing around telling him what a Genius he is. Worst President (and administration) EVER!

  7. Wait till Obamcare hits with taxes, penalties & fees and they pass Cap & Tax. This uncertainty is killing the job creators (small business) but Dems know nothing about business, payrolls, balance sheets, asset to liability ratios. Bunch of idiots!

  8. #5…we had a pretty good recovery going under bush until the democratic party took over congress in 2006 and the political left’s sub-prime mortgage stealth bomb exploded.

  9. Obama supporters should be THRILLED! He’s a success- he’s effectively destroying our economy, supporting social chaos and disarming the American people. Looks like we’re almost out of time America. So what do we do now? Is there ANYONE in Congress who will stand up against him and start the impeachment process?

  10. “Is there ANYONE in Congress who will stand up against him and start the impeachment process?”

    In a word, no.

  11. *Collapsed* in the fourth quarter due to Obama’s re-selection and continued rampage on America using the communist Manifesto.

    Own it, illiterate Obama voters, dead, illegal and multiple.

  12. Boooooooooooosh! We need more illegals! Woo-hoo! Thank goodness for gun sales.

  13. This was the plan from the start. Mission almost accomplished for these disgusting liberals. When the crash comes, and it is coming, just remember who these people are, who the so-called new reporters who cheered this on, the so-called journalist, remember all of your so-called friends who supported this.

  14. Apparently, you are reading a different economic report than I read. Overall this was an upbeat report. Personal savings is up, consumer spending is up, and private investment is up. The drop in GDP was due solely to a sharp reduction in GOVERNMENT spending!

    Great economic times are just ahead, which is why the stock market is having such a bull run. No one believes that the US is going into a recession, much less a depression.

  15. I WOULD BE LAUGHING, IF IT WAS NOT SO PAINFUL. MEXICO HAS A GDP OF 3.5% AND AN UNEMPLOYMENT RATE OF 4.6%! SO WHY DO WE NEED IMMIGRATION? SORRY FOLKS, WE ARE DUMBASS GRINGOS…..THANKS TO THE KENYAN KING, AMERICA IS A THIRD RATE COUNTRY.
    LOL MORONS VOTED FOR 4 MORE YEARS OF CRAPOLA……

  16. #14

    so, you agree with Rush. He’s always said he’ll let us know when it’s time to panic. he keeps saying it’s not yet time to panic. you’re both wrong.

    DIVORCE! now, while we still can

  17. the political left’s sub-prime mortgage stealth bomb exploded.

    So the “left’s” stealth bomb was created while Republicans held the White House and both houses of Congress? Sure. Nice attempt at rewriting history.

  18. Is anyone suprised, given the 20th century track record of the “economic success” of marxism?

  19. So the “left’s” stealth bomb was created while Republicans held the White House and both houses of Congress?

    No, that bomb was created a long time ago by another Democrat named Jimmy Carter, and grew teeth under Bubba’s watch. The rest is all history. Not rewritten, but borne out by analysis.



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