We didn't reach it.
Revised numbers show GDP growth in the fourth quarter of 2011 was 4.1%, which fell to 2% in the first quarter of this year. Meanwhile the initial estimate of second quarter 2012 growth is 1.5%.
At least the rate of decline is slowing!
Even though I have eyes to see and ears to hear exactly how crappy a candidate Mittens is, it's hard for me to think Obama can win with an economy this bad.