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Economy Shrinks Due to Military Cuts

Normal Frank Wrote: Jan 30, 2013 12:34 PM
The Obama recession begins...quick load the teleprompter with as many excuses as possbile to absolve the crybaby-in-chief of any responsibility. He hasn't blamed Bush for anything in the last 20 minutes, maybe that should be loaded up....
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...