- Feb 12, 2007
- 59,439
- 24,106
- 2,290
I hate to say I told you so, but I told you so.
4th quarter GDP was negative...and we have high (unreported) inflation for food combined with an increased tax burden on working Americans.
The Stagflation is Heeerre! Welcome back Carter!
And just to make sure it lasts, our government is conforming to Einstein's definition of insanity.
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.
The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter....
GDP Shows Surprise Drop for U.S. in Fourth Quarter
4th quarter GDP was negative...and we have high (unreported) inflation for food combined with an increased tax burden on working Americans.
The Stagflation is Heeerre! Welcome back Carter!
And just to make sure it lasts, our government is conforming to Einstein's definition of insanity.
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.
The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter....
GDP Shows Surprise Drop for U.S. in Fourth Quarter