Gross domestic product, a broad measure of economic output, expanded at a 0.7% seasonally adjusted annualized rate in the fourth quarter, the Commerce Department said Friday. The economy had advanced 2% in the third quarter and 3.9% in the second quarter.
That good growth in the two quarters after Christmas holidays followed by slowing growth as those holidays recede into the past—and even as the next such season approaches—is all too typical of the Obama recovery. And a result of President Barack Obama’s (D) economic policies and his explosion in regulations all across the board.
November is approaching, too.