Credit goes to Obama

I consider this good new, and Obama can take most of the credit.

Federal government spending sank 7.9 per cent, much faster than the 0.3 per cent decline recorded in the fourth quarter and local and state government spending fell 3.3 per cent, compared with a 2.6 per cent drop in the last three months of 2010. The pullback in government spending, particularly at the state and local level, “reflects the ongoing budget problems that will continue to be a drag on the overall economy for some time yet”, Mr Ashworth said...

Parabolic growth is unsustainable, whether Silver or Government.