Revised 1st Quarter GDP- NEGATIVE 1%.- First Drop in 3 Years

Doesn't this mean that the economy is in contraction?....
Why does the left continue to say that the economy is doing well under Obama?....

Amity Shlaes framed the it very well in "The Forgotten Man". We were in a cycle. We could have taken the pain quickly or decreased the level of pain and simply prolong it. We chose the latter.
 

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