Midknight Review -- new and revised: When our annual economy averages less than 2%, we are not in recovery. 2012 was just such a year.

Wall Street Journal:

U.S. Economy Unexpectedly Contracts in Fourth Quarter — Private-Sector Hiring Rose by 192,000 in January, ADP Reports — WASHINGTON—U.S. economic momentum screeched to a halt in the final months of 2012, as businesses pared back inventories and government spending fell sharply …

Editor’s notes: no sooner than this Administration started bragging about the so-called “recovery, again, the news came out that the economy actually went into the hole, registering a negative GDP total for the last quarter, the same quarter in which Christmas and holiday sales came into play.

Another such result for the current quarter, will give us the legal or accepted definition for the reoccurrence of a “recession.”

Of course, Obama will try to blame this all on the GOP in spite of the fact that he did not even hint at a recovery plan in his inauguration speech, of any of his speeches since then nor is he admitting that we have a problem. Apparently, he believes the recovery is under way. As a result, he is free to waste his time trying to keep up with the Senate’s move on immigration, flying around the country, running his mouth in an effort to avoid sitting in DC, doing his job.

Slow growth in inventories, military cuts, the Sandy hurricane, the advancement of regulations and stifling corporate taxation, all have combined for this disastrous report.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

When our annual economy averages less than 2%, we are not in recovery. 2012 was just such a year.

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