Initial Q4 GDP Negative 0.1. Negative. UPDATED
[guest post by JD]
Let that sink in. Q4 GDP negative 0.1. Yet immigration is now his new focal point. Remember when he pivoted to jobs for the 82nd time, and wouldn’t rest until the economy was back on track?
Recovery summer. The economy has turned the corner. We are on the right track. The private sector is not hurting.
In other new, the Presidents Jobs Council, which hasn’t met in almost a year, will expire this week.
This is going to be a looooooooooong 4 years of Obama’s war on the American economy.
UPDATED
Shockingly and unexpectedly, Obama Administration blames Republicans for the negative 0.1%
WASHINGTON — White House Press Secretary Jay Carney blamed the unexpected drop in gross domestic product last quarter on congressional Republicans, saying they introduced uncertainty into the economy with fiscal cliff brinkmanship.
“There is more work to do and our economy is facing headwinds,” Carney said in response to a government report showing that the economy contracted by 0.1 percent in the fourth quarter of 2012, “and that is Republicans in Congress.”
…
“It can’t be we’ll let sequester kick in because we insist tax loopholes remain in place for corporate jet-owners,” Carney said, laying the blame on Republicans and pressuring them to avoid another crisis over the next round of talks on the sequester.
“It’s not a game — it’s the American economy,” he said.
Every once in a while Carney tries to one-up his normal mendoucheity. There is so much in that little segment. Blaming this on a fiscal cliff that they wanted to drive off. Blaming the sequester that the Obama admin inserted and advocated. Blaming a continuing sluggish economy on political opposition. Using standard class warfare BS about corporate jets, and then having the temerity to whine that this is not a game, while treating it as exactly that for the last 4 years. It is double ironic to blame the sequester on Team R when it was Team O’s poison pill, and the House has sent bills to the Senate to make different cuts, that the Senate Dems refuse to consider. It would be comical if it wasn’t sad. And dishonest.
—JD

