GDP Tanks, Obama Blames (Drumroll) Republicans

Except that he owns this train wreck.

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

Spokeskid Jay Carney sticks out his tongue and says ‘nyah nyah’.

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.

‘Headwinds’? They haven’t slowed Obama down enough. He was more than happy to shove us right off that ‘fiscal cliff’ with more taxes, higher debt, payoffs, and lots of pork. It comes with a $4 trillion price tag.

……”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.

Obama’s policies are hurting all working, taxpaying Americans.  That gets lost in Carney’s mealy-mouthed accusations.

Dems were spinning this as “the best looking contraction we’ll ever see”. Which means, if the contraction is good, we’ll take the credit, if it’s bad, we’ll blame the Republicans.

Rick Santelli: “We are now Europe”.   We’ve been transforming into a Euro clone for the last 4 years.

But hey, there’s good news. The IRS is busy hiring new jackboots to enforce the upcoming ObamaCare taxes.

Shovel ready, baby.

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