In response to:

Wimping Out

Radley2 Wrote: Jan 31, 2013 1:44 PM
I think this is a repeat of what took place back in the fourth quarter of 2008... Obama got elected and the economy immedately shed 700,000 jobs a month in November and December. That was the private sector protecting itself from what was coming... the rising cost of employees in the Obama age. Today... the third quarter was uptick becuase it appeared that Romeny was going to win the election until the media circus of photo ops after Sandy hit the all centric (for the national media) north east . Then Obama won the election... the result is that most of us started to get ourselves ready for the onslaught of Obama taxes and job killing policies. Wonder what that tax increase to the middle class will do to the first quarter of 2013?

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...