So threats in the last 3 weeks of the year turned the entire quarter's GDP negative
Before that people were worried about the threats.
Really, the problem was that once Obama was reelected, that's when things tanked. People started making plans to sell assets. I doubt people were in a mood to buy, especially Republicans.
Think about it. We had a mini panic. People Also, probably sold stocks and now are repurchasing them to set a new basis point so they could take advantage of the old tax rates. People sold property too.
2013 will bring a cautious time as people try to figure out just what is going on.