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McClatchy reports Obama sets a 18-month Iraq withdrawal timetable, with 50,000 troops to stay until the end of 2011. President Obama announced today all U.S. combat troops will be withdrawn from Iraq by August 31, 2010. However, up to 50,000 troops will remain in Iraq until December 31, 2011, the date the Bush administration set for withdrawal.
“The 18-month timetable for withdrawing combat troops from Iraq is two months longer than he promised during his campaign… Under Obama’s plan, a force of between 35,000 and 50,000 U.S. troops would remain in Iraq after Aug. 31, 2010, to train, equip and advise Iraqi forces, help protect withdrawing forces and work on counterterrorism.”
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The Washington Post reports the U.S. economy shrinks by 6.2%.
The U.S. economy shrank by a larger-than-expected annualized rate of 6.2 percent during the final three months of 2008, the worst showing in about 25 years, according to a revised government estimate out today.
The new estimate of the fourth-quarter gross domestic product from the Commerce Department is far worse than the initial estimate of negative 3.8 percent, and also larger than the 5 percent drop in growth most analysts had anticipated.
It’s the largest contraction in one quarter since the first quarter of 1982, when the economy shrank by 6.4 percent.
Four at Four continues with Capitol coal and an octopus prankster.