Dems Tout Claim: 'Best-Looking Contraction in U.S. GDP You'll Ever See'
10:56 AM, Jan 30, 2013 • By DANIEL HALPER
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 The claim was originally made by chief U.S. economist for Capital Economics Paul Ashworth.
"The drag from defense spending and inventories is a one-off. The rest of the report is all encouraging," Ashworth also claimed.
The claim was quickly seized upon by Democrats, looking to share good news about a contracting economy.
Democratic party communications director Brad Woodhouse quickly began spreading the word on Twitter:
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