DO NOT PANIC! Obama is all over this!
The U.S. economy contracted in the first quarter for the first time in three years as it buckled under the weight of a severe winter, but there are signs activity has since rebounded. Read the entire article at http://www.foxbusiness.com/economy-policy/2014/05/29/chilly-1q-us-economy-contracts-for-first-time-since-11/
My thought: Yes, it was that mean old winter that's caused all our problems. The new Teflon Don otherwise known as Obama maintains that he has done absolutely nothing....and you know what? I can believe that!