News Flash- Economy Shrinks

News Flash- Economy Shrinks

Posted in the Jonesboro Forum

“The Best is yet to come.”

Since: Dec 12

Old Milwaukee

#1 Jan 30, 2013
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.

I thought we were in a recovery. guess not.
MustBAMistake

Springdale, AR

#2 Jan 30, 2013
Darth Soetoro is doing everything he is supposed to do.

America IS being destroyed by design.

Thank you private banksters.
NotLeftNotSorry

Springdale, AR

#3 Jan 30, 2013
The recession ended in June '09.

This is a full blown depression.

All the free-be food stamps keeps you from seeing the bread lines.
the real guest

Ridgedale, MO

#4 Jan 31, 2013
Maybe the 2012 Q3 numbers were just bullshit to help Obama get re-elected, like the grossly understated unemployment numbers.

The economy sucks. We all know that. Obama and the Democrats had two full years with absolute control of Congress and the White House. They implemented their economic policies, and over time they have been proven failures. Democrat socialist economic policies do not work. They end in economic collapse every time.

It's sad that the retarded liberal idiots sent Obama back to the White House to do the same thing he's done for the last 4 years, yet they expect different results.

What is the definition of insanity?
FemaRegion6

Springdale, AR

#5 Jan 31, 2013
What is the definition of insanity?

Doing the same thing over and over and hoping for a different response.
the real guest

Ridgedale, MO

#6 Jan 31, 2013
FemaRegion6 wrote:
What is the definition of insanity?
Doing the same thing over and over and hoping for a different response.
Exactly, which is why we should expect the economy to remain in the toilet until we see a different party controlling the Senate and White House.
FemaRegion6

Springdale, AR

#7 Jan 31, 2013
But, according to the Left, Socialism will work in America even though it has failed everywhere else.

Wait, what is the definition of insanity?
guest

Jonesboro, AR

#8 Jan 31, 2013
The economy is bad because of the lack of jobs that actually meet the cost living which is why most corporations have acquired their cash and equivalents on their balance sheets from the power of leverage and borrowing in our lending system instead of from sales and earnings.

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