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!

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

5 Comments »

  1. It’s all smoke and mirrors. A big joke. The stock market is afloat because the Fed has the printing presses roaring. Once all that “easy money” stops the market will nosedive.

    The dollar is in a freefall and nobody has the courage to acknowledge it. Talk about the 300 lb gorilla. Foreign nations are RUNNING…not walking…from the dollar. Bernanke blows it off.

    The dollar has been unofficially removed as the world’s reserve currency. Once that becomes official the panic begins.

    Comment by John Washburn | April 28, 2011

  2. Austan Goolsbee? Isn’t that Barney Fife’s kid? This has got to be the dumbest thing I’ve heard since Jessie Jackson Jr proclaimed that the iPod was responsible for the loss of thousands of US jobs. Yet, I’m sure 34% of the population believes it.

    Comment by Im_bonafide | April 29, 2011

  3. Of course stocks are rising in price expressed in today’s dollars. But isn’t the market just anticipating the roaring inflation that the Federal reserve’s policies have guaranteed?

    Comment by tom beebe st louis | April 29, 2011

  4. That was one of the bits of evidence I pointed out to the liberals I knew, the stupidity of the “economists” in this administration. Try it sometime, it can be funny when the liberal you’re talking with has no answer except the talking points of the commies. No facts, ma’am, just bullcrap.
    Gooolsbee, what a joke.

    Comment by J.Guidry | April 30, 2011

  5. Lies lies and more darn lies

    Comment by SPURWING PLOVER | May 2, 2011


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