Dems: ‘Best-Looking Contraction in U.S. GDP You’ll Ever See’

In response to the news today that the economy contracted -.1 percent in the final quarter of last year, Democrats are touting the claim that this is “the best-looking contraction in U.S. GDP you’ll ever see.” The claim was originally made by chief U.S. economist for Capital Economics Paul Ashworth.

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“The drag from defense spending and inventories is a one-off. The rest of the report is all encouraging,” Ashworth also claimed.

http://www.weeklystandard.com/blogs/dems-tout-claim-best-looking-contraction-us-gdp-youll-ever-see_698863.html

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