CBO Predicts Bleak Economy

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Aren't you proud! you teabagger's have done a great job destroying the economy (further than bush ever dreamed I might add), and on top of it all....for some stupid reason....... a good deal of idiots actually blame obama....fuck knows why..... but, needless to say you you assholes are good. How's Don Black doing btw?

The linked article is actually pretty fair...

Asked why the GDP growth is so low, Elmendorf cited the slack in the housing stock with overbuilding leading up to to the financial crash in September 2008, which results in a weaker demand for housing construction. Restraint in spending by local governments is also slowing recovery, said Elmendorf, along with a decline in personal fortunes due to stock market loses and decreases in property values.

So I don't really know what this sort of melodrama

The Congressional Budget Office released its report predicting a bleak economic outlook and further warned of a recession for early 2013.....

is going after.