Crush Liberalism

Liberalism: Why think when you can “feel”?

Obama economic adviser: Slowdown in economy due to…are you serious?…reduction in government spending?

Sweet. Mother. Of. Pearl.  Excerpt:

A top economic aide to President Obama blamed reductions in government spending for a slowdown in U.S. economic growth in the first quarter.

Austan Goolsbee, the chairman of the Council of Economic Advisers, said that a slowdown in government spending was mostly responsible for the 1.8 percent growth in gross domestic product (GDP) between January and March, down from 3.1 in the fourth quarter of 2010.

“It was an expected slowdown,” Goolsbee said in an interview on Bloomberg television. “The biggest driver was a reduction in government spending at the federal level, a big negative from defense spending.”

Yeah, that MUST be it!  Because the economy tanking even more last year when Dems maxed out Uncle Sam’s platinum card had diddly to do with their record spending, right?  If only they had spend MORE of our tax dollars, oh how the economy would be humming right now!

April 28, 2011 Posted by | big government, economic ignorance, Obama | 5 Comments

   

Follow

Get every new post delivered to your Inbox.

Join 25 other followers