From WSJ, via Drudge:
U.S. Economy Unexpectedly Contracts in Fourth Quarter
U.S. economic momentum screeched to a halt in the final months of 2012, as lawmakers’ struggle to reach a deal on tax increases and budget cuts likely led businesses to pare inventories and the government to cut spending.
The nation’s gross domestic product shrank for the first time in 3 1/2 years during the fourth quarter, declining at an annual rate of 0.1% between October and December, the Commerce Department said Wednesday.
We’ve had four years under Obama of “unexpected” job losses. Now we have an “unexpected” drop in GDP.
Remember how Old Soviet Jokes Become The New American Reality? This is more like “Old Soviet Headlines Become New American News”.
Constantly, experts are being “surprised” by “unexpected” losses that go against every forecast they make. Every forecast is bright and shining, a horizon of a wonderous land where the ocean stop rising and the sun is shining and everyone is employed and everything is fantastic. And every time, it’s “unexpected” when plans made by socialist planners fail.
There are so many people who see the poor direction taken by government. The solutions that everyone supports are ignored in favor of socialist/social justice objectives. And every time, the social engineering fails.
This is a surpise only to The Anointed (as Thomas Sowell calls them), who seriously rule and truly live by Adam Savage’s humorous quote:
Then again, I bet most people would rather have Adam Savage and Jamie Hyneman running the government. A discussion over the use of rocket boots versus a backpackable hang glider to save us from the fiscal cliff would actually be more productive than raising taxes on job creators and increasing handouts to those who aren’t working.