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Economy Shrinks Due to Military Cuts

Kyll-Why-T Wrote: Jan 30, 2013 1:34 PM
That's was Repulicans that opposed the TEMPORARY cut in payroll taxes to begin with. Every met a Republican that didn't love a tax cut? Sure, if it mostly benefits working folk rather than the wealthy. Continued Cluelessness from faux-Conservatives.
A release from the Bureau of Economic Analysis today surprised analysts when the top-line number showed that the economy shrunk in the last quarter of 2013 by a slight 0.1%. While small, it was unexpected. This marks the first time the American economy has shrunk since the end of the 2008 recession.

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- decreased at an annual rate of 0.1 percent in the fourth quarter of 2012 (that is, from the third quarter to the...