Democrats Blame Who For GDP Contraction?

Discussion in 'Politics' started by pspr, Jan 30, 2013.

  1. pspr


    No, it's not Bush, this time.

    News from The Obama Politburo:

    White House press secretary Jay Carney laid the blame for a surprise economic contraction squarely at the feet of congressional Republicans Wednesday, saying economic threats during the "fiscal cliff" negotiations had prevented important defense spending.

    "Our economy is facing a major headwinds, and that's Republicans in Congress," Carney said.

    The Commerce Department projected Wednesday that the nation's gross domestic product (GDP) shrank by 0.1 percent in the fourth quarter of 2012.

    Carney said that was partially attributable to the threat of sequestration, which would implement across-the-board spending cuts if a long-term deficit deal is not reached.

    "This is political brinkmanship that results in one primary victim. That's American taxpayers and the American middle class," Carney said, acknowledging the GDP projection was bad news.

    "I don't think anytime you see a reduction in economic growth that it's good news," he said.

    Carney said economic observers were "rightly appalled" by the threat of sequestration or default to drive a debt deal, and charged that Republicans were harming the economy to the benefit of the wealthiest Americans.

    "It can't be we'll let sequester kick in because we insist tax loopholes remain in place for corporate jet-owners," Carney said.



    Brendan Buck, a spokesman for Speaker John Boehner (R-Ohio), pointed the finger of blame for the still-looming sequester back at the White House.

    "These arbitrary, automatic cuts were a creation and demand of the White House in 2011," said Buck. "Twice the House has passed legislation to replace them with common sense cuts and reforms. If there was any uncertainty late last year about the sequester, it was because the Democratic-controlled Senate, per usual, never lifted a finger to pass a plan to replace it.”

    Republicans have argued that dire threats are necessary to force Democrats to agree to entitlement reforms and spending cuts. The Republican National Committee on Wednesday circulated a document labeling Obama "President -0.1%" and argued the GDP numbers were evidence the president's stimulus plan had not worked.

    The unexpected dip was the first time the economy shrank since the 2009 economic depression, and came as a surprise to economists, who had projected modest growth.
  2. As we enter the 5th year of Obama rule the administration still acts as if they arrived just yesterday. Finger pointing has been taken to a whole new level with these guys. I would point out that blacks have trouble taking responsibility for their own actions, as evidenced by the near complete collapse of black communities nationwide, but that would be racist. Factual, but racist in PC world. Let's just say that Obama is terribly incompetent, and his minions will go to great lengths in providing cover for him. The Affirmative Action president must be a success and whatever must be done to make that appear to be true, then that's what it takes.
  3. wildchild


    I heard them blaming Sandy for it.
  4. The Tea Party got blamed by the Mainstream Media for one of the times when the Mainstream Politicians couldn't avoid a fiscal crisis.

    I'm sort of not paying attention to anything that is Mainstream anymore. Mainstream Medicine.. forget it, I have a Prime account with Amazon, can buy any supplement or herb that the entire planet has available.. Mainstream Media.. couldn't stand that garbage when I was in High School and fifty years later I still can't stand it.. Mainstream Political Parties.. why encourage any of them, in anything?
  5. Agree, I simply don't listen to any of the bullshit any longer.
  6. JamesL


    Still waiting for a mention of Bush.
  7. Lucrum


    Democrats, the party of blame someone else.
  8. Only in an Orwellian Obama regime could jobless claims going up and GDP going down be presented by the Ministry of Truth controlled media as good news. Keep pressing forward comrades!