If you add all the Obama budgets and the deficit you get some huge number with ‘Trillions’ after it. Democrats took the taxpayers on a spending binge that doubled the deficit, burdened them with a massive new entitlement, encouraged middling to declining growth, the worst labor participation rate in decades, record Welfare, food stamp, and dependency, so what do they do? They let millions of illegal immigrants in, complete with no skills, no grasp of our language, and any number of illnesses–not to mention real criminals.
So this news can’t possibly be that bad.
The Commerce Department revised its estimates of first-quarter gross domestic product Wednesday to show that the economy contracted at a 2.9 percent annual rate. A combination of shrinking business inventories, terrible winter weather and a surprise contraction in health care spending drove the first-quarter decline, which is the worst since the first quarter of 2009, when the economy shrank at a 5.4 percent rate.
Emphasis mine.
It contracted thanks to DooDoo Dodd-Frank, ObamaCare, EPA regs, the impending employer mandate, unsustainable debt, lower real employment, and rising energy insecurity–to name a few?
And by the way. A Surprise contraction in health care spending should have made GDP go up.
And yes, there were surprised. They have to be. They still think what the government is doing will actually make things better.
They are idiots.
NYT via Drudge
