25+ million unemployed
48% of america on welfare
15-20 million new mouths to feed soon
Yep thats some solid recession recovery Obama has going
Economy shrinks for first time since recession ended. Are you better off than you were last year?
Fox Report with Shepard Smith
2013/01/30 16:00:00
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The country’s fiscal health got a gut-check Wednesday after a report by the Commerce Department showed the U.S. economy unexpectedly shrank in the fourth quarter. Despite stronger consumer spending, it’s the biggest dip the country has seen in three years.
The U.S. economy unexpectedly shrank from October through December for the first time since 2009, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The drop occurred despite stronger consumer spending and business investment. The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That was a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
The U.S. economy unexpectedly shrank from October through December for the first time since 2009, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. The drop occurred despite stronger consumer spending and business investment. The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That was a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
Read More: http://www.foxnews.com/politics/2013/01/30/us-econ...
Top Opinion
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M A 2013/01/30 18:33:06
All insurances, home, health, cars are rising.
Food prices higher and gas prices have been solidly double what it was 4 years ago.
New taxes are wide ranging while others increases in home, school, business, opt, sales, state and federal health tax rates go up up up up up!
The truth is the last time a "stimulus plan" helped up average Americans was when G.W. Bush's two year $600 credit for all taxpayers and families!
Our economy is in danger of running out of money for the gov't top heavy costs, with no jobs and no wealth left to tax. Chaos will be the result.
What's grown is the creation of fictitious and predatory capital i.e. Finance Capitalism! Fake wealth that's created to support the growth of corporate welfare and camouflage the engineered destruction of Labor Value. Derivatives were once illegal! They were brought back to finance deindustrialization and the wholesale equity stripping of the nation.
THE RECESSION *NEVER ENDED*!!! The RATE of contraction and recession varied but, we haven't seen a good economy since the 1960's. I do remember a brief respite from 1976-1978 but, it's been downhill ever since. BTW, the alleged prosperity of the 1980's was completely fake and fueled by the aforementioned first-generation measures of Finance Capital.
if you would have ever bothered to look at the number of people falling out of the work force, even you could understand