“Recovery Shows a Soft Spot,” declared a banner headline of a recent edition of the Wall Street Journal. “Soft spot” pretty much sums up the Journal’s explanation for a reported 0.1% contraction in gross domestic product (GDP) in the fourth quarter of 2012. Viewing things from further west on 8th Avenue and 41st Street, The New York Times spun the same story differently, toward its chronic, Krugman-esque view of trickle-down government. The Times encapsulated the [...] Don’t Get Suckered Into The “Austerity” Argument appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .