funny I thought you tea baggers wanted to cut Gov spending? no?
Government Spending was largely to blame
Government spending as a whole declined 6.6% in Q4 after rising 3.9% in the prior quarter. Defense spending fell 22%, the biggest drop since 1972. By contrast, defense spending was up 12.9% in Q3.
Cynics find the notion of a sharp reversal in government spending immediately after a Presidential election suspicious, but the drop had a very real impact on GDP. Regardless, Paulsen thinks the defense spend was a "one-off that won't be repeated."
Obama has HUGE military cuts coming he is on record saying--he plans to close bases all over just like the dykheadedfool slick willie did! All to WEAKEN our economy as these kicked-out veterans attempt to get jobs in an already sickly economy! Obama is as incompetent as he can be, he/dems haven't even passed a facking budget yet!