GDP Declines, First Time In 3.5 Years
Remember when just over a week ago President Obama said the “economy recovery has begun”?
Well, that was certainly short-lived.
The 4th quarter GDP numbers came out this morning and it is not good. The economy shrank by .1 percent. That’s the first time since the 2nd quarter of 2009 that the economy contracted.
After going a year without meeting with his Jobs Council and 12 million Americans unemployed, it’s clear is that President Obama has lost his focus on the economy. He needs to put his liberal agenda aside and promote policies that will create jobs.
Tell President Obama that Americans are still struggling. Get to work.
Obama hardly mentioned jobs in his inaugural. And now an awfully frightening GDP report.Political storms ahead?
— Josh Kraushaar (@HotlineJosh) January 30, 2013
This is the first negative GDP quarter since 2Q 2009
— James Pethokoukis (@JimPethokoukis) January 30, 2013
News on economy contracting will be like a splash of cold water on all of Washington which has been focused on immigration and guns.
— Chuck Todd (@chucktodd) January 30, 2013