In response to:

Wimping Out

Doug4749 Wrote: Jan 31, 2013 4:53 PM
You may not have heard, but the flu epidemic is the biggest reason that the economy hasn't been doing well. Too many people calling in sick, therefore production is down, therefore the economy has tanked. I think they have a team of experts that do nothing but sit around making excuses. When one excuse doesn't work, they bring out two more. When all else fails, blame it on the obstructionist Republicans. People will always believe THAT!

The New York Times mobile app sent me a breaking news update Wednesday morning: "U.S. Economy Unexpectedly Contracted in Fourth Quarter." Based on high government third-quarter spending and government policies and politics occurring during the fourth quarter, the slowdown should come as no surprise.

The third quarter final gross domestic product growth was 3.1 percent. That relatively high number (compared to full year 2011 at 2 percent) was driven primarily by an increase in inventories and an increase in government spending. While the growth number was hailed by many as a reason to cheer, it had to have been too good...