BOOM! GDP Shrank 0.1% In Q4

Say it with me now, "Unexpectedly ..."

Economists expected the first reading on gross domestic product to show growth of 1 percent, down from the third quarter's reading of 3.1 percent.

Let the blamecasting begin as the media flacks for TFG.

Drew probably hit the nail on the head here, though:


Posted by: Andy at 08:36 AM



Comments

1 Forward!!

Posted by: NCKate at January 30, 2013 08:37 AM (niJ61)

2 FORWARD, bitchez!

Posted by: King Barack I at January 30, 2013 08:38 AM (BBWjt)

3 Boooosh!!!

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 08:40 AM (l86i3)

4 Let's see...during the third quarter, there was a least a decent chance of getting Il Douche voted out. Optimism!

During two thirds of the fourth quarter (including the Xmas shopping season, hmmmm...), the Time of Suckage was slated to continue indefinitely.

Somebody help me figure this out.

Posted by: delayna at January 30, 2013 08:40 AM (KnC4k)

5 You people need to keep your eyes on what is important

Posted by: Gay Marriage AND Free Shit for Deadbeats at January 30, 2013 08:40 AM (VrVBw)

6 Boooooooooossssshhhhhhhhhh!!!!

Posted by: Gmac - Waiting for the revolution at January 30, 2013 08:41 AM (IanLz)

7 Wheeeeeeeeeeeeeeeee!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by: Circa (Insert Year Here) at January 30, 2013 08:41 AM (EDjKF)

8 There will be no prosperity while redistribution is ongoing

Posted by: Facts Uh Life at January 30, 2013 08:42 AM (8NlUk)

9 Let the blamecasting begin as the media flacks for TFG.

At some point, you would have to think, that they would have to say "screw this. I just can't lie anymore."

Posted by: rickb223 at January 30, 2013 08:42 AM (GFM2b)

10 Yeah, "one-time factors."

Like the JEF's reelection.

Posted by: The littl shyning man at January 30, 2013 08:42 AM (PH+2B)

11 In other news, Zimbabwe has $247 more in the bank than the US.

Posted by: Cicero Kid at January 30, 2013 08:42 AM (m0v2L)

12 And that contraction will be blamed on Sandy and the Newtown murders and then quietly adjusted to -.4% in a month.

Posted by: CharlieBrown'sDildo at January 30, 2013 08:43 AM (GsoHv)

13
I know two people who have just bought houses, one in Italy and one in Domenica.
Might as well use it or lose it.

Posted by: Justamom of the LiB camp at January 30, 2013 08:45 AM (Sptt8)

14 Can I have a double dip with chocolate coating AND sprinkles? PUHLEEZE?

Posted by: Seamus Muldoon at January 30, 2013 08:46 AM (/hphm)

15 I seem to remember a very serious statement on tv that TFG considers immigration reform as his number one priority.
seems that could be used against him, if someone were so inclined.

Posted by: VIA, on the tiny keyboard at January 30, 2013 08:46 AM (1DwT8)

16 Winning The Future!!

Posted by: Lauren at January 30, 2013 08:46 AM (wsGWu)

17 So ummm, are we fucked or are we fucked?

Posted by: fastfreefall at January 30, 2013 08:46 AM (zUvAE)

18 Folks work to buy stuff. They earn money by making stuff or creating a service, so they can buy stuff. It's a circle. Right now we have a capitol U.

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 08:47 AM (l86i3)

19 Now--where would we be without fracking? It takes special ability to wrangle these kinds of numbers while government spending is hog wild.

Posted by: Circa (Insert Year Here) at January 30, 2013 08:47 AM (EDjKF)

20 I await Jordan's trenchant analysis on why this is actually good news for Obama.

Or why it's all Bush's fault. Either one.

Posted by: Sean Bannion at January 30, 2013 08:48 AM (sbV1u)

21 The 0.1% need to pay their fair share, dammit!

Posted by: Bigby's Hangnail at January 30, 2013 08:48 AM (3ZtZW)

22 A growing economy just means the rich are getting richer. So, this is good news, right?

Posted by: Cicero Kid at January 30, 2013 08:48 AM (m0v2L)

23 If we could only tie GDP growth with the firearm industry.....we'd own the entire world.

Posted by: EC at January 30, 2013 08:48 AM (GQ8sn)

24 That's the pre-adjustment value, look for another couple of tents to drop off of that, based on past performance.

Posted by: Jean at January 30, 2013 08:48 AM (Io7hX)

25 Posted by: Sean Bannion at January 30, 2013 08:48 AM (sbV1u)

It's so easy to mock Obama, but in reality the economy was in danger of overheating, and this is probably the best thing that could happen.

Posted by: Jordann at January 30, 2013 08:51 AM (GsoHv)

26 An indication that the only thing keeping us out of a recession right now is government spending. DOOM!

Posted by: Chi-Town Jerry at January 30, 2013 08:51 AM (UTq/I)

27 Folks still are not hungry. When the bellies begin to empty, the SHTF.

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 08:52 AM (l86i3)

28 At first glance I thought it said GOP shrank... well yeah...
How does Bush keep doing this, anyway?

Posted by: real joe, blue state hostage at January 30, 2013 08:52 AM (PD2ad)

29 I sure am glad we didn't elect that icky business man.. Who needs economic growth?

Posted by: Dem.Chick Living At Home With A Degree in Women's Studies Hanging on Her Wall at January 30, 2013 08:52 AM (wsGWu)

30 Folks work to buy stuff. They earn money by making stuff or creating a service, so they can buy stuff. It's a circle.
Right now we have a capitol U.

Which is right behind a capital F.

Posted by: rickb223 at January 30, 2013 08:53 AM (GFM2b)

31 Yeah it is AMAZING!

When Ba-rahn-ko needed UE3 to drop a few tenths a point....down down down she went....now when it is convienent to have a drop but not admit they were cooking numbers like Walter White cooks Sky blue....

hey -.1% it is yo!

Take out the 40 billion a week hooker that Helicopter Ben is servicing Wall $treet with and watch what happens....

Posted by: sven10077 at January 30, 2013 08:53 AM (LRFds)

32 ThatFuckingGuyOnomics.

Nobody works. Neither does the economy.

Trickle up misery.

Posted by: GnuBreed at January 30, 2013 08:53 AM (ccXZP)

33 look for another couple of tents
Posted by: Jean

Hey, youse from Sout' Chicaga?

Maybe a couple two tree tents would do it.

Posted by: Bruce at January 30, 2013 08:54 AM (dLOky)

34 Maybe we can get a Loan from our friends in China ?

Posted by: American Dawg at January 30, 2013 08:54 AM (trA4n)

35 GDP Shrinkage? It must've been the cold weather!

Posted by: votermom at January 30, 2013 08:57 AM (wOIt+)

36 I was in the pool! I WAS IN THE POOL!!!

Posted by: GDP at January 30, 2013 08:57 AM (8MnhW)

37 GDP Shrinkage? It must've been the cold weather!
Posted by: votermom at January 30, 2013 08:57 AM (wOIt+)

Maybe if they trimmed back the pubes it would look bigger.

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 08:58 AM (l86i3)

38 the GDP just got out of the pool. give it a break

Posted by: eggs benedict at January 30, 2013 08:58 AM (FpBe1)

39 What's really gruesome about that report is that exports and imports both sharply declined. That means there is a lack of demand everywhere. No bueno. We might already be in a not-yet-reported severe recession. It often takes 2-4 quarters for the reporting models to catch up to reality.

In any case, it's worth repeating that outside of the coffee klatches and sewing circles of the chattering classes the brutal reality is that laws, policies, regulations and political decisions all have grave consequences.

Posted by: Tsar Nicholas II at January 30, 2013 08:58 AM (r2PLg)

40 I'm sure the JEF and his minions will be focusing their laser like attention to this right after the jobs thingy. JEF heard that the committee is thinking about maybe having a meeting of sorts in the near future if their is one.

Posted by: Bruce at January 30, 2013 08:58 AM (dLOky)

41 First victim of the merciless sequestration cuts, the guy who publishes these and the U6 number.

Posted by: Jean at January 30, 2013 08:59 AM (Y8t25)

42 I seem to remember a very serious statement on tv that TFG considers immigration reform as his number one priority.

seems that could be used against him, if someone were so inclined.

Posted by: VIA, on the tiny keyboard at January 30, 2013 08:46 AM (1DwT
-----That looks good on the surface only. That is old-school politics. We thank you for your interest. Now step away from your tiny keyboard. Turn on your big TV and watch some stupid-ass show so you can engage intelligently about it tomorrow. We must engage in the new politics.

Posted by: GOP startegist - culture division at January 30, 2013 08:59 AM (eEfYn)

43
Shrinking GDP = Excuse everyone needs to shut off sequestration.
— DrewM




*faints*

Posted by: John Boehner

Posted by: Laurie David's Cervix at January 30, 2013 08:59 AM (kdS6q)

44 I'd like to welcome everyone to Japan. 1995.

Next up: Vending machines with disturbing items for sale.

Posted by: Circa (Insert Year Here) at January 30, 2013 08:59 AM (EDjKF)

45 Posted by: GDP at January 30, 2013 08:57 AM (8MnhW)

you watch too much Seinfeld

Posted by: eggs benedict at January 30, 2013 08:59 AM (FpBe1)

46 In the words of Beyonce, Court Chanteuse, "take that Mitches!"

Posted by: ALH at January 30, 2013 09:00 AM (yAPdC)

47 30 Folks work to buy stuff. They earn money by making stuff or creating a service, so they can buy stuff. It's a circle. Right now we have a capitol U. Which is right behind a capital F.
Posted by: rickb223 at January 30, 2013 08:53 AM (GFM2b)

*****

Let me guess, which are right before a capital "N". Yay!

Posted by: Seamus Muldoon at January 30, 2013 09:00 AM (/hphm)

48 you watch too much Seinfeld

No. Such. Thing.

Posted by: Circa (Insert Year Here) at January 30, 2013 09:01 AM (EDjKF)

49 The burnening has begun

Posted by: @PurpAv at January 30, 2013 09:01 AM (GlnE7)

50 Rampant federal over-spending is not a problem. So says noted economics theorist Mary Landrieu-she who stands at the end of a long line of backwater political corruptocrats.

Posted by: Fourth Virginia at January 30, 2013 09:01 AM (wbmaj)

51 According to ZeroHedge, the Government pumped $165 Billion in "Stimulus" into the econony in the 4Q, and apparently got -$5Billion in results.

Posted by: Gregory of Yardale at January 30, 2013 09:02 AM (QXlbZ)

52 Boned.

Posted by: that guy that always thinks we're boned at January 30, 2013 09:02 AM (evdj2)

53 America is back!

Posted by: AuthorLMendez, El Patron at January 30, 2013 09:02 AM (yAor6)

54

Lord, all the businesses news whores are blowing off the GDP crashing and fluffing the ADP employment number for all it's worth.

Posted by: Laurie David's Cervix at January 30, 2013 09:03 AM (kdS6q)

55 Wait till Q1 numbers drop in April.

With that shiny new tax increase (a 2% payroll decrease for everyone!).

That's going to be fun.

Real unemployment continues to rise, and hundreds of thousands are hitting their 99 weeks every month.

Millions are getting their hours cut back to avoid the ObamaTax.

Boys and girls: what we are looking at is the potential for a very long hot summer.

Posted by: Hopeless at January 30, 2013 09:03 AM (HPNED)

56 is this cause we "taxed the Dick"?

Posted by: eggs benedict at January 30, 2013 09:03 AM (FpBe1)

57 Seamus, preceding a G

Posted by: Jean at January 30, 2013 09:04 AM (2aO3a)

58 "...could be the result of one-time occurrences."

Like the reelection of a anti-capitalist Demi-god???

Posted by: dfbaskwill at January 30, 2013 09:04 AM (71LDo)

59 In the words of the immortal Ace (PBUA): LET IT BURN.

Posted by: Foghorn Leghorn at January 30, 2013 09:04 AM (4YSaB)

60
you watch too much Seinfeld





Not that there's anything wrong with that....

Posted by: Laurie David's Cervix at January 30, 2013 09:04 AM (kdS6q)

61 37 OSP,

yeah everyone knows that the RECORDEST XMAS EVER! always leads to shrinking GDP?

wait what?

Posted by: sven10077 at January 30, 2013 09:04 AM (LRFds)

62 GM is going to be giving out bonuses. Thank you Presdent (or Presidente) Obama'a.

Posted by: RioBravo at January 30, 2013 09:04 AM (eEfYn)

63 Barack didn't want Romney to win because he didn't want him to take credit for an economic recovery. Obama's making sure that Romney can't take any credit for an economic recovery by making sure there isn't one. It's his plan. And Bush still gets the blame for the poor economy. Win-win. Truly he's a magician..

Posted by: Minuteman at January 30, 2013 09:05 AM (qs9G3)

64 Take out the 40 billion a week hooker that Helicopter Ben is servicing Wall $treet with and watch what happens....
Posted by: sven10077 at January 30, 2013 08:53 AM (LRFds)

85 billion.

Posted by: Invictus at January 30, 2013 09:05 AM (OQpzc)

65 HAHAHA HAHAHAHA AHAHHAAH
BWAHAHAHA

I hOped for some change and I got it. Thanks Obama voters!

Posted by: Mr Pink at January 30, 2013 09:05 AM (v8k4M)

66 Whatever. Let. It. Burn. These numbers don't even come close to what really is happening out there. Buckle up, it's going to get pretty bumpy.

Posted by: Truck Monkey at January 30, 2013 09:05 AM (jucos)

67 So you're saying if we were the United States ofTexas instead of Obamastan the GDP would be up by 10% by now?

Posted by: Bigby's Hangnail at January 30, 2013 09:06 AM (3ZtZW)

68 I know here at Casa VIA, if it isn't essential, we don't buy it.

So, if that is negatively effecting GDP, screw it.
Ain't spending if I don't need to..

Posted by: Village Idiot's Apprentice at January 30, 2013 09:06 AM (bTPOR)

69 51 GoY,

yeah pretty much the one thing that shut Jordan the fuck up yesterday cold was when I pointed out to him that yes bush and Obama are 'just the same" like his giving me 2 bucks and my handing him 1 was....forever....

Posted by: sven10077 at January 30, 2013 09:06 AM (LRFds)

70
MarketWatch — The economy shrank in the fourth quarter for the first time since the recession, but the U.S. still appeared to be on a modest growth path if unusual factors are stripped out.





Unusual factors like - err -- the economy....

Posted by: Laurie David's Cervix at January 30, 2013 09:06 AM (kdS6q)

71 ::;;51 According to ZeroHedge, the Government pumped $165 Billion in "Stimulus" into the econony in the 4Q, and apparently got -$5Billion in results. :;;;

Well, yeah, but we'll make it up in volume!

Posted by: Empire of Jeff at January 30, 2013 09:06 AM (Wi8JV)

72 Posted by: sven10077 at January 30, 2013 09:04 AM (LRFds)

A lying Government abetted by a lying media ignored by a vast swath of ignorance masquerading as citizenry. I aint looking good kids.

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 09:06 AM (l86i3)

73 51 According to ZeroHedge, the Government pumped $165 Billion in "Stimulus" into the econony in the 4Q, and apparently got -$5Billion in results.

Oh, so it improved from last yeah.

Posted by: Foghorn Leghorn at January 30, 2013 09:07 AM (4YSaB)

74 per exit polls, O voters knew this was coming. Just look at the data, majorities/pluralities of them admitted Romney was better for the job and would see better results. Yet they said O made them "feel good" and "cared about them" so they re-elected their hero regardless. They knew what was coming, no excuses.

Posted by: AuthorLMendez, El Patron at January 30, 2013 09:07 AM (yAor6)

75 68 VIA,

the most powerful thing you can do as well...

The fatal flaw of Ogabenomics is he thinks we MUST pull the wagon at max speed because we are compelled to by "evil greed."

Yeah Barry.....I can live REAL lean buddy and I'll be more "moral."

Posted by: sven10077 at January 30, 2013 09:07 AM (LRFds)

76 If the GOP would stop opposing me just because I'm black, we could pass comprehensive immigration reform and all of this unskilled labor will lead us to a glorious economic boom.

Posted by: Barack Obama better than the economists advising him at January 30, 2013 09:08 AM (mjR67)

77 Lean forward - and take it up the tailpipe!

Posted by: Insomniac at January 30, 2013 09:08 AM (DrWcr)

78 a vast swath of ignorance masquerading as citizenry
---
That has projected growth particularly if amnesty passes so we'll have that going for us.

Posted by: RioBravo at January 30, 2013 09:08 AM (eEfYn)

Posted by: RioBravo at January 30, 2013 09:09 AM (eEfYn)

80 You guys need to look at the entire world. It's all in a recession, whatever policies that Obama had could not effect the entire WORLD! It's amazing to me it's only -.1%.

Go Obama.

Posted by: JordAn at January 30, 2013 09:09 AM (v8k4M)

81 Maybe if they trimmed back the pubes it would look bigger.


Doesn't always work.

Posted by: rickb223 at January 30, 2013 09:09 AM (GFM2b)

82 72 OSP,

You know...I am betting if some source of News was out there pinting out the con job and attacking the lying media with fury and detailed data...

there just might be some people with pain in their right ass cheek where their wallets used to be PHATTER who might listen...

Thank God Greta Van came out with HILLARY! last night and gave her a Huma.

Posted by: sven10077 at January 30, 2013 09:09 AM (LRFds)

83 U

FU

FUN

FUNG

FUNGUS? FUNGICIDE? FUNGOES?

I'm confused.

Posted by: Seamus Muldoon at January 30, 2013 09:09 AM (/hphm)

84 According to ZeroHedge, the Government pumped $165 Billion in "Stimulus" into the econony in the 4Q, and apparently got -$5Billion in results.
Posted by: Gregory of Yardale at January 30, 2013 09:02 AM (QXlbZ)

B-b-b-b-but, Keynesian multiplier effect!

Posted by: Insomniac at January 30, 2013 09:10 AM (DrWcr)

85 Now would be a great time to re-run Barry cracking up when asked about the economy again. That wasn't scary at all.

Posted by: Bigby's Hangnail at January 30, 2013 09:10 AM (3ZtZW)

86 Truck Monkey,

Bingo.

The forging/fudging of economic stats for the last 4 years is quote bad.

The reality is likely that this dip signals the 2nd dip back into Great Depression 2.0, as government/Fed policy is no longer able to maintain "merely" at the Great Recession levels.

Combined with the coming (this summer perhaps) natural downward dip of the multi-year business cycle, and other things I outlined above, and we are about to be in store for a long hot summer.

Posted by: Hopeless at January 30, 2013 09:12 AM (1kPLg)

87 Thank God Greta Van came out with HILLARY! last night and gave her a Huma.
Posted by: sven10077 at January 30, 2013 09:09 AM (LRFds)

I was so Fing dissappointed. I would have bet Greta would have been at least a little confrontational. Especially after all the yelling and Gnashing of teeth she did over Bengazi. But like the rest of them, she curled politely into the fetal position.

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 09:12 AM (l86i3)

88 Rampant federal over-spending is not a problem. So says noted economics theorist thieving coonass Mary Landrieu-she who stands at the end of a long line of backwater political corruptocrats.

FIFY.

Posted by: rickb223 at January 30, 2013 09:12 AM (GFM2b)

89 Doesen't financial services count as part of GDP, and they are being juiced by Bernanke bucks?

Posted by: Invictus at January 30, 2013 09:13 AM (OQpzc)

90 84 Insomniac,

Hahahaha...

you read the ONT one of the horde posted a great vis of Helicopter ben getting his Lance Armstrong on...

http://youtu.be/orh64vypKwU

Posted by: sven10077 at January 30, 2013 09:13 AM (LRFds)

91 I MAKE IT RAIN!

//Helicopter ben

Posted by: sven10077 at January 30, 2013 09:14 AM (LRFds)

92 The White House has issued a special bulletin --

"While skeet shooting last month, it appears we accidentally shot the economy."

"The patient is not expected to survive."

Posted by: GnuBreed at January 30, 2013 09:14 AM (ccXZP)

93 U

FU

FUN

FUNG

FUNGUS? FUNGICIDE? FUNGOES?

I'm confused.

FU. Period. Full stop.
(what the feral goobermint says to the tax payers)

Posted by: rickb223 at January 30, 2013 09:15 AM (GFM2b)

94 87 OSP,

She's a moonbat at heart, and I suspect JList flashed the "SURVIVAL MODE!" Bat Signal.....

have to protect the Ice Queen for '16 in case they can't get a prettier pony

Posted by: sven10077 at January 30, 2013 09:15 AM (LRFds)

95 68
I know here at Casa VIA, if it isn't essential, we don't buy it.


Indeed.

Posted by: Burglars & Theives local 392 at January 30, 2013 09:15 AM (GlnE7)

96 Posted by: GnuBreed at January 30, 2013 09:14 AM (ccXZP)

********

GnuBreed- I think he was misquoted. He was actually shooting craps. And Michelle was upset because she doesn't know how to clean and cook 'em.

Posted by: Seamus Muldoon at January 30, 2013 09:16 AM (/hphm)

97

The United States economy contracted UNEXPECTEDLY in the final quarter of 2012, hurt by weaker exports, a drop in military spending and a slower buildup in inventories.

It marked the economy’s worst performance since the second quarter of 2009.

New York Times

Posted by: Laurie David's Cervix at January 30, 2013 09:16 AM (kdS6q)

98 Fed holdings are now over 3 trillion.

Posted by: Invictus at January 30, 2013 09:17 AM (OQpzc)

99 I am beginning to think that I am NOT going to receive my Skittle Shitting Unicorn anytime soon.

Posted by: Truck Monkey at January 30, 2013 09:18 AM (jucos)

100 64 Invictus,

Oh that's even better...I was going off the number he tossed out for "Operation Save Bambi"....

now I just want to go beat my fucking head in on a wall.

Bukkake is such an asshole....Japan is in a 20 year blender because of his and Turbo Tax's antics....

I was not fond of Ben's Strip Club economics when all it was supporting was the wars....now he has quadrupled at least the suck and is still flooring the gas.


Posted by: sven10077 at January 30, 2013 09:18 AM (LRFds)

101

US Economy UNEXPECTDLY Contracts in Fourth Quarter

Wall Street Journal

Posted by: Laurie David's Cervix at January 30, 2013 09:19 AM (kdS6q)

102 FU. Period. Full stop. (what the feral goobermint says to the tax payers)
Posted by: rickb223 at January 30, 2013 09:15 AM (GFM2b)

*****

Ohhhhh, now I get it. Wonder how I missed that the first time.

Posted by: Seamus Muldoon at January 30, 2013 09:19 AM (/hphm)

103 My turned leftist brother will struggle to explain why is it the economy can't recover under O. It'll be fun to watch after he told me how my "right-wing world is going to crash down when Obama's economic boom comes". He can't blame Bush because he's a fan of his to explain to his new lefty friends why he supported Bush Mac before. It'll be fun to watch him twist and turn.

Posted by: AuthorLMendez, El Patron at January 30, 2013 09:19 AM (yAor6)

104 I am beginning to think that I am NOT going to receive my Skittle Shitting Unicorn anytime soon.
Posted by: Truck Monkey at January 30, 2013 09:18 AM (jucos)


You gotta have Hope. Hope I tell ya.

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 09:19 AM (l86i3)

105 you read the ONT one of the horde posted a great vis of Helicopter ben getting his Lance Armstrong on...http://youtu.be/orh64vypKwU
Posted by: sven10077 at January 30, 2013 09:13 AM (LRFds)

Hilarious, terrifyingand infuriating all at once.

Posted by: Insomniac at January 30, 2013 09:20 AM (DrWcr)

106 So you're saying if we were the United States ofTexas instead of Obamastan the GDP would be up by 10% by now?

Texas' GDP would be. Piss on the other 56 states.

Posted by: rickb223 at January 30, 2013 09:20 AM (GFM2b)

107 Invictus,

You're catching on.

Remove government waste and it's a -1.6 print. Remove financial sector and it's a -3.0 print.
And this is with the fed endlessly printing via QE, and unlimited student loans keeping universities and consumer spending going.

Long. Hot. Summer. Followed inevitably by a very cold winter.

Posted by: Hopeless at January 30, 2013 09:20 AM (BnWeG)

108

Economy UNEXPECTDLY Shrinks as US Defense Spending Slumps

Bloomberg

Posted by: Laurie David's Cervix at January 30, 2013 09:21 AM (kdS6q)

109 99 Truck Monkey,

Don't worry!

He will not show backing down an inch. Sure he could tell EPA "reign it in a bit boys let's niot nuke coal just yet!" and increase investor confidence and get miners back to work but "GREEN SHOOTS!" Yeah he could take canada's deal and capitalize our shale exploration with their stronger than our dollar but "UNICORNS-APPLE SLICES!"

and the media will say the whole time what is stopping growth is that the GOP exists.

Posted by: sven10077 at January 30, 2013 09:21 AM (LRFds)

110 I wonder what could be causing this recent unpleasantness........ It certainly couldn't be the Great Ones economic "policies".

Posted by: Truck Monkey at January 30, 2013 09:21 AM (jucos)

111 Economy UNEXPECTDLY Shrinks as US Defense Spending Slumps

Bloomberg
Posted by: Laurie David's Cervix at January 30, 2013 09:21 AM (kdS6q)

Why is there never a world war around when you need one?

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 09:22 AM (l86i3)

112 I MAKE IT RAIN!

//Helicopter ben

Um, that would be Spartacus, not you Ben.

Posted by: rickb223 at January 30, 2013 09:22 AM (GFM2b)

113

The Daily Beast: The Economy IS Getting Better

by David Frum Jan 11, 2013

Posted by: Laurie David's Cervix at January 30, 2013 09:23 AM (kdS6q)

114 Why is there never a world war around when you need one?
Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 09:22 AM (l86i3)

F*ck that, what we need is a full-scale alien invasion!

Posted by: Paul Krugman at January 30, 2013 09:23 AM (DrWcr)

115 F*ck that, what we need is a full-scale alien invasion!
Posted by: Paul Krugman at January 30, 2013 09:23 AM (DrWcr)

Pass that immigration bill and you'll have your wish.

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 09:24 AM (l86i3)

116 I MAKE IT RAIN!//Helicopter ben

That ain't rain, he's just telling you it is.

Posted by: Insomniac at January 30, 2013 09:24 AM (DrWcr)

117 114 Paul Klugman,

and THAT folks is our serious rebuttal to Mitt Romney....


//Jim Messina

Posted by: sven10077 at January 30, 2013 09:24 AM (LRFds)

118 Ohhhhh, now I get it. Wonder how I missed that the first time.

Hope?
That THAT wasn't the case?
Join the club.

Posted by: rickb223 at January 30, 2013 09:25 AM (GFM2b)

119 But tampons are still freely available right?

Posted by: Astronaut Achmed at January 30, 2013 09:25 AM (YLZSZ)

120 OSP,

Some serious fucking conflicts are barely being contained.

China and Japan are almost inevitably going to clash because we've been exporting inflation.

Posted by: Hopeless at January 30, 2013 09:26 AM (BnWeG)

121 Posted by: Hopeless at January 30, 2013 09:26 AM (BnWeG)


Yep, throw in the indians and the Pakis, Whoopty Doopty, we have fun.

Posted by: Oldsailors Poet, Author of Amy Lynn available on Amazon. http://tinyurl.com/ahc8poj at January 30, 2013 09:27 AM (l86i3)

122 Pass that immigration bill and you'll have your wish.

Who needs an immigration bill? Just stop deportation enforcement. The wetbacks will keep coming.

Posted by: rickb223 at January 30, 2013 09:28 AM (GFM2b)

123
I blame the Newtown shootings. Because it's convenient to do so without fear of rebuke.

/s

Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at January 30, 2013 09:29 AM (Jcd0S)

124 We Just. Don't. Give. A. Fuck.

Posted by: The American people at January 30, 2013 09:30 AM (Xni1r)

125
Yep, throw in the indians and the Pakis, Whoopty Doopty, we have fun.

Posted by: Oldsailors Poet

Add a touch of a missile full of sun...and BLAMMO, It's winter everywhere!!

Posted by: Bruce at January 30, 2013 09:30 AM (dLOky)

126 " The wetbacks will keep coming."

gee I wonder why we lose latinos as big as we do?

Posted by: AuthorLMendez, El Patron at January 30, 2013 09:31 AM (yAor6)

127 68 I know here at Casa VIA, if it isn't essential, we don't buy it.

So, if that is negatively effecting GDP, screw it.
Ain't spending if I don't need to..


Yep, same here.

I recently calculated that I saved 16% of my take-home pay last year.

Posted by: rickl at January 30, 2013 09:31 AM (zoehZ)

128 oh NT, I can leave this one now

Posted by: AuthorLMendez, El Patron at January 30, 2013 09:34 AM (yAor6)

129 Yesterday 10 UMWA members were arrested in St. Louis after failing to disperse when so ordered by police. They were outside a court protesting the bankruptcy hearing of Patriot Coal.

About 10,000 retirees plus their families will lose their union pension benefits (though I'm sure they will get something through the Pension Guarantee Benefit Corp, which is itself insolvent).

I wonder why a coal company would go bankrupt? I wonder which way these union members and their families voted last November?

Truly, it is a wonder.

Posted by: GnuBreed at January 30, 2013 09:35 AM (ccXZP)

130 Local news yesterday was all about how the economy is on its way back...now I know how the Soviets felt with Pravda.

In other news: Pictures of Obama Skeet shooting in 3...2...1...and...Squirrel!

Posted by: Mr. Feverhead at January 30, 2013 09:38 AM (SzAZ7)

131 Let the blamecasting begin as the media flacks for TFG.



At some point, you would have to think, that they would have to say "screw this. I just can't lie anymore."


They can't. Oral fixation.

Posted by: John P. Squibob at January 30, 2013 09:46 AM (kqqGm)

132 BOOM! DOOM! GDP Shrank 0.1% In Q4

Now Montyfied.

Posted by: AnonymousDrivel at January 30, 2013 09:53 AM (eHIJJ)

133 Ha ha! WH is literally blaming GDP shrinkage on Hurricane Sandy!
I called it!

Posted by: votermom at January 30, 2013 09:54 AM (wOIt+)

134 BOOM! GDP Shrank 0.1% In Q4

And this is why we must ban guns!

Posted by: Nanny Bloomberg at January 30, 2013 09:55 AM (eHIJJ)

135 133 votermom,

OKAY! everyone give VM your cans we harvested from the roads...she sins today's loot...

Posted by: sven10077 at January 30, 2013 09:55 AM (LRFds)

136 *wins today's loot rather

Posted by: sven10077 at January 30, 2013 09:56 AM (LRFds)

137 With all due respect, the fact is that we have 4 dead years of the American economy. If it was because of TFG's re-election, or due to massive job cuts as businesses prepare for full Obamacare, what difference, at this point, does it make?

Posted by: Virginia SoCon at January 30, 2013 09:57 AM (+/C3g)

138 Gross Domestic Product shrank? So now we make less disgusting stuff as a nation? That seems like a good thing.

Posted by: 99% of SCoaMF's 47% at January 30, 2013 09:59 AM (eHIJJ)

139 VIA: "immigration reform as his number one priority.

seems that could be used against him, if someone were so inclined."


Well don't look at us.

Posted by: McCain, Graham, Rubio, and Flake at January 30, 2013 10:02 AM (eHIJJ)

140 she sins today's loot...

=======
sins, wins ... WDDIM (What Difference Does It Make)

Posted by: votermom at January 30, 2013 10:08 AM (wOIt+)

141 So people finally the Bush lies have caught up with us. Presdent Obama is trying so hard to fix this, but no you had to let the dumb ass republicans keep the Horse of representitives and thus log jamming poor presdent Obama. You live with this mess because you voted for this you clowns on the right. This is why we hate Bush and now you people must live with the chickens cumming home to roost !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by: Mary Clogginstein from Brattleboro, Vt and Proud of it !!!!!!!!!! at January 30, 2013 10:12 AM (48wze)

142 If only there was a state out there that might give the country some guidance on how to manage growth and potentially a surplus. You know a state that may take a different approach to government than the federal government which has failed for years. Low taxes, cutting spending, exploiting natural resources, tort reform. Those all sound good in theory, but it would be nice if we could test them out and see if they would work at the national level.

Posted by: SH at January 30, 2013 10:33 AM (gmeXX)

143 Just remember they said defense cuts were part of the reason. So when they cut defense again, which they want to, we need to remind them they will cause a recession.

Posted by: sexypig at January 30, 2013 11:45 AM (dZQh7)

144 Colon Powell insisted to Bill Oreilley that Obama's economy was getting better. Stupid stupid racist jerk. The color of SCOAMF's skin is blinding his judgement.

Posted by: Schwalbe: The Me-262 at January 30, 2013 12:02 PM (UU0OF)

145 Yeah, but we're all eating the same turd sandwich equally. And that's something that I really value.

Posted by: The Equalizer at January 30, 2013 12:13 PM (AErUg)

146 But think of what GDP would have been but for my gun sales program!

Posted by: Gun Salesman in Chief at January 30, 2013 12:19 PM (AErUg)






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