Op-ed:

A shrinking economy...Obama owns it

By: Diane Sori

Here it is folks...more unhappy news from Obamanation...the US economy, the biggest in the world, shrunk by 0.1 percent in the fourth quarter of 2012, the first time in three and a half years.  Why...because American businessmen were and still are nervous about ObamaCare and how it will affect their payrolls, because they're worried about Obama’s still most likely raise in taxes on capital, and because private companies cut back orders to reduce their stocks due to a decline in exports.  

So while economists had hoped for at least a mild growth of about 1%, even a 1% growth would NOT have mattered all that much as the fact remains that in order to see that any true economic recovery has really begun a 3% to 4% growth number is needed, and that number will NOT be seen for quite some time.

But NO...our media anointed 'lord and savior', Barack HUSSEIN Obama, says the economy shrunk because the government isn't spending enough and that he needs to spend more.  Needs to spend more...can you believe the audacity of this man when he and his cronies are spending a record 25% of the Gross Domestic Product (GDP)* and running up $1 trillion deficits.

So NO matter what Obama says, the simple truth is that the economy slowed because of his out of control spending and the fact that a record number of Americans are still out of work...as in the unemployment rate rose to 7.9 % in January from December's 7.8%%, and in the week ending January 26th (the latest date numbers are currently available for) the new first-time claims for unemployment benefits was 368,000, an increase of 38,000 from the previous week's figure of 330,000.

Some economic recovery, huh...I don't think so but Obama and the msm say all is moving along quite nicely so it must be so (gag).

And now into this NOT happy little mix of economic stew comes the do-nothing Congress who must try to avert the automatic $1.2 trillion in negotiated cuts that were agreed upon in order to end the recent debt ceiling roadblock.  And with Obama 'ordering' (yes 'ordering') Congress to pass short-term spending cuts and tax reforms (tax increases is more like it) if they want to avoid the automatic cuts, Barack HUSSEIN Obama has once again overstepped his bounds by 'ordering' Congress to do anything.  Can a president 'order' Congress to do their bidding, NO I don't think so, as I believe this to be but another of his thinly veiled threats to try and force both parties to pass a budget resolution by March 1^st which he knows is highly unlikely, and therefore he knows he will get the automatic domestic and military spending cuts that he so wants...and those monies he will funnel into his freebie and handout programs to keep those whose votes he bought happy.

Automatic spending cuts...in a word sequestration...totaling $1.2 trillion over 10 years...NOT good when the national debt currently stands at more than 16 TRILLION and climbing.  And NOT good when most of those cuts are to our defense budget which is oh so dangerous in this day and age of the islamic terrorist.

But especially cutting our military budget is something Obama is salivating over as he wants to see our military weakened, for even a perceived weakness in our military strength only strengthens the military might and determination of his muslim brethren, the very ones Barack HUSSEIN Obama truly stands and sides with.

So with revisions to the GDP number due in February and March, and with the final figure most likely going up (NOT good), and with the highly probable budget cuts looming, this new negative GDP number could very well undermine the slightly improving consumer confidence that some economists speak about, and send our economy NOT just into a slight downturn but into a full-blown recession.

And guess what, the days of blaming Bush are long over as Barack HUSSEIN Obama and his wild spending sprees owns it all.

* The GDP is the total market value of all final goods and services produced in a country in a given year equal to total consumer, investment, and government spending, plus the number of exports and the value of imports.