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So the economy just took a huge hit: How will the White House respond?

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The U.S. economy contracted at an annual rate of 2.9 percent in the first quarter of 2014, the worst decline since the start of the official start of the Great Recession, according to the Commerce Department. And the drop is pretty ugly: Naturally, Republicans pounced. “It's clear the White House doesn't know which way is up, just two months ago bragging that Obamacare was helping the economy...

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