GDP Goes Negative In Fourth Quarter

It's a SURPRISE!. Get it? Nobody expected Obama fail. NOOOOOBODY.

America is doomed.

There are several graphs that help to define Obama fail. I hope I can find them.

Here's labor force participation, a number that's tanked thanks to all the outs Obama has provided the lazy and unambitious.



Here's GDP per capita. You get less. Thanks, Obama!



Here's a dandy, the Obama hammock:



I'll find a few more later today. Enjoy fail, America!

 

FOUR MORE YEARS!! FOUR MORE YEARS!! FOUR MORE YEARS!!

egad. a nation of morons.

 

Hey, at least stocks are hot right? Things must be great.

 

Obama and his progressive policies are a drag chute on the national economy. America has chosen four more years of economic pain.

 

Got to keep up appearances for our creditors...

 

Not much more to say here.

 

Waiting for the Iriemon excuses......................................

 

I found the Obama Epic Fail charts from last week.

Go 1%ers! Obama LOVES you.

 

So long as the Obama moochers and leeches keep getting their free-stuff, all is fine in lala land.

 

I got this one.

REPUBLICANSBUSHREPUBLICANS
WORSETHANANYONEEXPECTEDREPUBLICANS
BUSHBUSHBUSH

How'd I do?

.

 

Preview:

[video=youtube;zDAmPIq29ro]http://www.youtube.com/watch?v=zDAmPIq29ro[/video]

 

So let's see, the Republicans in the House took the US to the edge of the "fiscal cliff" and enteprise in the United States contracted in fear of what would happen so blame President Obama.

Every ecomomist was predicting the effects of what would happen if the Republicans in the House took the government over the fiscal cliff and enterprise in the United States responded to those warnings. There was a direct "cause and effect" relationship between obstructionism in the House and the 4th quarter contraction in the economy.

Has anyone noticed that since the fiscal cliff was avoided that the Dow Jones is now soaring to the 14,000 mark?

 

Hehe, it is so much fun to see republican frenzy at so called "in your face Obama" news about economy, while at the same time they have no idea why it happened and what are the consequences....

From Yahoo article http://finance.yahoo.com/news/us-economy-shrinks-0-1-133115372.html

So the reason for lower GDP is government cuts ... As we all know that cuts are the best policy in republican handbook so this is supposed to be good news for them .... BUT we are wrong again, they will not miss a chance to bash Obama for no reason at all. My second point is that republicans always say that government doesn't create job but OMG this proves them wrong..... Great job repubs undermining your talking points, kudos for finally crawling out of that closet.

 

We didn't go over the fiscal cliff. We did blow $312 billion in the quarter that we did not have, and still Obamanomics could not produce $1 of growth.

This is what you get with more people jumping in the wagon (Obama-voters) than are pulling the wagon. It is that simple.

 

And I could cobble up half a dozen unfalsifiable hypotheses as well. Why not quote Krugman? At least we's get a laugh. Better still just cut and paste from above:

 

That's what happens when you drastically cut government spending and lay off millions of teachers and police and fire because you somehow think the richest country in the world that prints it's own money somehow ran out of money.

I swear if more people took a basic economics course we'd all be better off. We need another stimulus package. We need more infrastructure projects. We need to invest in America if we ever hope to keep our place at the top...

 

No thanks. How about, for once, lets try to fight deflation from the bottom up?

 

Exactly my thoughts. However it is stupid to expect someone to know economics on this level when those people don't know basic math....

 

That's what the stimulus was. It directly hired working class people to build infrastructure projects. We need that again. We also need to pump money into the states so they can afford to hire teachers at a fair rate and hire more cops to help make blighted neighborhoods safer.

 

If only. America is no longer smart enough to ditch proven losers like Obama.

 

This may be the funniest post of the day. Do you actually KNOW any of these working class people who were given jobs to build infrastructure projects, Bill... or are you just parrotting what you've heard your hero say?

The only folks who got jobs from stimulus money were the actors Barack hired to appear in his photo ops.

Oh yeah... and overpaid union workers.

Other than that, we might as well have flushed that money down the drain.

*Obaaaaama*

 

The "demand side" Krugmanites make an appearance.

 

Are you saying there is no correlation between government spending less and GDP drop?

 

The Democrats and Obama not only took us to that edge they were willing to go over it and Obama is demanding that he have full authority to decide who much debt the government has. The economist and rating agencies were saying that passing the higher limit doesn't matter, it's the fact that there is no budget and entitlements are not being dealt with by this administration and the Democrats.

 

Ayuh,.... So True,..... The Obama recession drags on,..... 'n on,...... 'n on.....