Wednesday, January 30, 2013

Shrinkage: US Economy Declined By -0.1% In Q4

Zero Hedge via Instapundit

A stunner out of the BEA which just reported a Q4 GDP of -0.1% that was leaps and bounds below the 1.1% estimate, and a plunge from Q3's 3.1%.

Now that Obama's safely inaugurated, these numbers won't matter so much anymore.  If anything, they'll be used by Obama in order to bash the GOP into submission yet again.  After all, everything is their fault, don't you know.

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