THE BIG DROP IN THE ECONOMY! NO SURPRISE. VOTERS WILL REGRET THE DAY THE VOTED FOR OBAMA
The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.
The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January and looming spending cuts.