Detailed text transcripts for TV channel - MSNBC - 20130131:01:40:00
In the last quarter of 2012. the numbers don't lie. republican-style spending cuts caused this slowdown. you can't blame the private sector. business investments, they picked up. the housing market continues to show signs of recovery as well. and you can't blame the american people either. consumer spending makes up 2/3 of the gdp. consumer sales for cars and kitchen stoves, you bet. but you can blame the government federal spending was way down in the last quarter, especially on what? defense. the pentagon spent almost 13% more than normal in the third quarter, but at the end of the year, def...
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