So this is what $312,000,000,000 in deficit spending bought us for Christmas last year — a shrinking economy. What the chart doesn’t include is the additional $120,000,000,000 or so in “stimulus” securities purchased by the Fed.

You’re gonna need a bigger chart.

PS Don’t believe the MSM cheerleading or White House lies that reduced Federal spending is to blame — because spending went up last quarter, not down.