Jan 30, 2013 No Comments ›› Chuck Biscuits
Excerpted from Buzzfeed: White House Press Secretary Jay Carney blamed the unexpected drop in gross domestic product last quarter on congressional Republicans, saying they introduced uncertainty into the economy with fiscal cliff brinkmanship.
“There is more work to do and our economy is facing headwinds,” Carney said in response to a government report showing that the economy contracted by 0.1 percent in the fourth quarter of 2012, “and that is Republicans in Congress.”
The Bureau of Economic Analysis preliminary report, released Wednesday morning, showed a sharp decline in defense spending, which administration officials are blaming on mandatory spending cuts to defense under the 2011 debt limit agreement that both sides fought to avert. Congress and Obama face another deadline in a month to avoid those spending cuts after a temporary stop-gap expires.
“It can’t be we’ll let sequester kick in because we insist tax loopholes remain in place for corporate jet-owners,” Carney said, laying the blame on Republicans and pressuring them to avoid another crisis over the next round of talks on the sequester.
“It’s not a game — it’s the American economy,” he said.