DOUGLAS V. GIBBS             RADIO             BOOKS             CONSTITUTION             CONTACT/FOLLOW             DONATE

Friday, February 01, 2013

Democrats Claim Negative Growth of GDP a Good Thing

Dems Tout Claim: 'Best-Looking Contraction in U.S. GDP You'll Ever See'

In response to the news today that the economy contracted -.1 percent in the final quarter of last year, Democrats are touting the claim that this is "the best-looking contraction in U.S. GDP you'll ever see." The claim was originally made by chief U.S. economist for Capital Economics Paul Ashworth.

"The drag from defense spending and inventories is a one-off. The rest of the report is all encouraging," Ashworth also claimed.

The claim was quickly seized upon by Democrats, looking to share good news about a contracting economy.

Remember, the liberal left is pushing a "hate the rich" agenda.  They tout no growth as being a good thing because it means the successful aren't getting any profit.

-- Political Pistachio Conservative News and Commentary

1 comment:

Bigfoot said...

If Romney had won last November, the left and the MSM (if you'll forgive the redundancy) would find a way to blame him, even though he wouldn't be in office yet, just like they blamed G W Bush for "talking down the economy" in 2000.