Wednesday, January 30, 2013

Double dip? Economy shrank in 4th quarter

Romney should have won
Economic growth, such as it is, ended in the the fourth quarter last year as Americans reelected President Obama--our gross domestic product shrank 0.1 percent. 

During the Obama presidency, the economy grew, barely, in the two percent range every quarter. A rate less than three percent guarantees a stagnant economy. Now we are not even at that level.

Don't blame me--I voted for Mitt Romney.

A second consecutive quarter of negative economic growth would meet the definition of a recession agreed upon by most economists.

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