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CNN Money Reaction to 2.9% GDP Drop: 'This Recovery Is Underway'
NewsBusters ^ | June 25, 2014 | P.J. Gladnick

Posted on 06/25/2014 8:07:31 AM PDT by PJ-Comix

Hooray! The Gross Domestic Product shrank by 2.9% in the first quarter of the year. "This recovery is underway."

Your humble correspondent was very careful to put the previous sentence in quotes because I don't want you to think I've taken leave of my senses. This amazing conclusion comes to us courtesy of CNN Money spinmeister Annalyn Kurtz who starts out on a rather gloomy note but manages to spin her way into economic joy:

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy
KEYWORDS: cnnmoney; economy; gdp; recovery
Economic surge during the Bush years was spun into gloom and now economic decline is spun into joy.
1 posted on 06/25/2014 8:07:31 AM PDT by PJ-Comix
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To: PJ-Comix

DOW is up 60 on this great news!


2 posted on 06/25/2014 8:09:39 AM PDT by ButThreeLeftsDo
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To: PJ-Comix

The cost of everything continues to skyrocket ... there is no recovery.


3 posted on 06/25/2014 8:10:07 AM PDT by al_c (Obama's standing in the world has fallen so much that Kenya now claims he was born in America.)
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To: al_c

It’s called Obama malaise. The economy is stuck in the mud as his big government policies are stifling free market growth.


4 posted on 06/25/2014 8:12:15 AM PDT by 1Old Pro
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To: PJ-Comix

“Arbeit macht frei”.................


5 posted on 06/25/2014 8:22:12 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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To: al_c

“Baghdad Bob” could spin things for the Saddam regime in Iraq, and was sort of the reference standard by which all such propaganda is gauged.

By that standard, with Baghdad Bob being 100, the Current Regime is hitting about 125.

And they seem proud of level of achievement.

The Current Regime should enjoy that pinnacle while they can.


6 posted on 06/25/2014 8:22:14 AM PDT by alloysteel (Selective and willful ignorance spells doom, to both victim and perpetrator - mostly the perp.)
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To: PJ-Comix

Horray! Our chocolate rations have been increased from 30 grams to 25 grams!


7 posted on 06/25/2014 8:22:36 AM PDT by piytar (The predator-class is furious that their prey are shooting back.)
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To: PJ-Comix

I wonder if the Soviet Era propagandists were as gleefully willing as our current media whorenalists


8 posted on 06/25/2014 8:23:39 AM PDT by Mr. K (Palin/Cruz 2016)
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To: PJ-Comix

2+2=5


9 posted on 06/25/2014 8:23:53 AM PDT by kanawa
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To: PJ-Comix

the recovery is underway??? so what about the first six years of obama’s failed term??


10 posted on 06/25/2014 8:29:12 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: piytar

11 posted on 06/25/2014 8:30:45 AM PDT by relictele (Principiis obsta & Finem respice - Resist The Beginnings & Consider The Ends)
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Comment #12 Removed by Moderator

To: PJ-Comix
This Recovery Is Underway

This Recovery Is Under Water

(Sixth Annual "Recovery Summer")


13 posted on 06/25/2014 8:35:32 AM PDT by Iron Munro (The Obamas' Black skin has morphed into Teflon thanks to the Obama Media)
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To: ButThreeLeftsDo
Oops they must have gotten a delayed newscast: DJIA 16818.13 -119.13 ▼-0.7%
14 posted on 06/25/2014 8:38:00 AM PDT by Robert DeLong (u)
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To: PJ-Comix
Only under a Dem president could negative growth be construed as a sign of recovery.
The Media hold Republican presidents to much higher standards.

15 posted on 06/25/2014 8:39:50 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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Comment #16 Removed by Moderator

To: PJ-Comix

CNN’s earned their spot at the bottom of the heap...


17 posted on 06/25/2014 8:42:46 AM PDT by GOPJ (Hey IRS - those receipts you wanted? The dog ate 'em. -New Name:"Washington Thinskins" -FR. coloeo)
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To: ButThreeLeftsDo

How the rich do in this country is a little different than how the people are doing... I’m sure liberal elites are thrilled with the news. They’re the only group that’s done much better under Obama.


18 posted on 06/25/2014 8:44:46 AM PDT by GOPJ (Hey IRS - those receipts you wanted? The dog ate 'em. -New Name:"Washington Thinskins" -FR. coloeo)
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Comment #19 Removed by Moderator

To: piytar

The beatings will continue until moral improves!

The bad winter did effect the economy in the first quarter. It held up every construction projects in the northern half of the country. Many were pushed back into the second and third quarters.

The only thing that sold VERY well in the first quarter was ROCK SALT and other ice melter products.
Rock salt mines were loading trucks 24/7. We had appointments to pick up truckloads rock salt at 2am and 3am on Sunday. You could not buy Calcium Chloride anywhere in the eastern US.


20 posted on 06/25/2014 9:09:31 AM PDT by woodbutcher1963
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To: ButThreeLeftsDo

“DOW is up 60 on this great news!”

That is because they know this will stop any talk of increasing interest rates and maybe curtail QE reductions.


21 posted on 06/25/2014 9:17:33 AM PDT by WILLIALAL
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To: PJ-Comix

Annalyn Kurtz

22 posted on 06/25/2014 9:21:32 AM PDT by kcvl
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To: PJ-Comix

“This recovery is underway.”

Been hearing this for six years now, and every year the economy is worse than the year previous.

Obama’s Ministry of Propaganda really has got to invent a new lie.


23 posted on 06/25/2014 9:22:43 AM PDT by Jack Hammer
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To: PJ-Comix

Annalyn Kurtz Verified account

@AnnalynKurtz Wow. @CEAChair Jason Furman says these GDP revisions (from March to June) represent BEA’s largest GDP revision in about 30 years

Annalyn Kurtz @AnnalynKurtz · 4h

Don’t forget: All these GDP numbers are going to be revised again next month, when BEA makes revisions back to 1999.

Annalyn Kurtz @AnnalynKurtz · 4h

Woah. The U.S. economy shrank at a 2.9% annual pace in the first quarter

https://twitter.com/AnnalynKurtz


24 posted on 06/25/2014 9:23:17 AM PDT by kcvl
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To: PJ-Comix

Annalyn Kurtz @AnnalynKurtz · Jun 24

Unemployment could reach 5.8% by end of this year, 5.6% by end of 2015, forecasts @PhiladelphiaFed President Charles Plosser

https://twitter.com/AnnalynKurtz


25 posted on 06/25/2014 9:24:07 AM PDT by kcvl
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To: PJ-Comix

Annalyn Kurtz

CNN Reports ‘U.S. Economy Shrinks, But It’s Not a Big Deal’

By Laura Flint | May 29, 2014 | 13:05

Last month, CNN reported that the U.S. Bureau of Economic Analysis measured a decrease in the rate of growth of U.S. gross domestic product (GDP) to the tune of 0.1 percent. But relax, they insisted, it was merely due to the “winter weather effect.”

Fast forward to today and the Bureau’s downward revision of GDP growth. The feds now tell us the economy contracted one percent in the first quarter. Yes, this is “the first downturn since 2011,” CNNMoney noted but, hey, “it’s not a big deal,” according to the network’s dismissive headline.

http://newsbusters.org/people-and-organizations/annalyn-kurtz#ixzz35fXf4ct0


26 posted on 06/25/2014 9:26:34 AM PDT by kcvl
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To: kcvl
Woah. The U.S. economy shrank at a 2.9% annual pace in the first quarter

Woah! Dude! It's like,... You know?

27 posted on 06/25/2014 9:27:36 AM PDT by Cincinatus (Omnia relinquit servare Rempublicam)
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To: PJ-Comix
Contrast this with CNN Money's report on the 2005 1Q GDP report where the GDP INCREASED by an annual rate of 3.1%:

"NEW YORK (CNN/Money) - The nation's economy was hit by both slower growth and higher prices in the first quarter, a government report showed Thursday, presenting both economists and investors with worrisome signs about future economic stength. "

link

28 posted on 06/25/2014 9:27:54 AM PDT by Cementjungle
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To: PJ-Comix

Wasn’t that the quarter that was hailed as a .0000001% growth?

Pray America wakes up


29 posted on 06/25/2014 9:30:06 AM PDT by bray (Palin/Putin 2016)
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To: Cincinatus
“Woah! Dude! It's like,... You know?”

It is no wonder why this country is in the mess it is in!
With a bunch of arrogant, elitist children trying to run the country while Obama the ‘I WON’ dude doing anything but working at his job (Mr. Harvard, the Constitutional 'teacher' hasn't a clue).

30 posted on 06/25/2014 11:22:14 AM PDT by kcvl
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To: PJ-Comix

we are probably heading into a depression


31 posted on 06/25/2014 11:24:25 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: Mr. K

if they wanted to keep breathing they were


32 posted on 06/25/2014 11:25:04 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: PJ-Comix

It’s the REAL summer of recovery this time! Wheeeeeee!


33 posted on 06/25/2014 11:31:40 AM PDT by FourtySeven (47)
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To: kcvl
Obama the ‘I WON’ dude doing anything but working at his job (Mr. Harvard, the Constitutional 'teacher' hasn't a clue).

What are you, racist? < /sarc >

34 posted on 06/25/2014 11:33:50 AM PDT by FourtySeven (47)
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To: kcvl; All

By the way, has ANYONE from Harvard come forward to say they were indeed taught by Professor Obama there?


35 posted on 06/25/2014 11:34:48 AM PDT by FourtySeven (47)
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To: All

good thing Romney is not president because a drop of 2.9% and a record low labor participation rate along with a U6 north of 12% and record low personal income levels might be bad news.. But for Obama, it’s great.


36 posted on 06/25/2014 11:40:13 AM PDT by newnhdad (Our new motto: USA, it was fun while it lasted.)
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To: FourtySeven
"What are you, racist? < /sarc >"

Hell yes, according to liberals. But, who cares what they call me!

37 posted on 06/25/2014 11:46:39 AM PDT by kcvl
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To: FourtySeven

“By the way, has ANYONE from Harvard come forward to say they were indeed taught by Professor Obama there?”

I haven’t heard anyone say they even saw him there.


38 posted on 06/25/2014 11:47:44 AM PDT by kcvl
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To: kcvl

It’s amazing! Don’t you think there’d be at least ONE attention whore at Harvard who would have said by now, just to get his ugly face on TeeVee, “I was a classmate of Obama’s!”, or “I was taught by the future first black president”.

JUST to get on TeeVee, no other reason. And a willing lapdog media outlet more than willing to show such fluff to “humanize” him.

Forget about disproving “conspiracy theories” about him, but JUST to get on TeeVee, and just to get ratings. How many times have we seen such whores in cases involving people of far less import? Like the neighbors next door to serial killers, who can always be found to say, “he was such a nice, quiet man”.

That fact alone should prove to anyone reasonable there’s something fishy about the man. Forget about missing transcripts and birth certificates.


39 posted on 06/25/2014 11:57:56 AM PDT by FourtySeven (47)
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To: FourtySeven

Exactly!


40 posted on 06/25/2014 12:10:17 PM PDT by kcvl
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To: 1Old Pro

41 posted on 06/25/2014 2:18:09 PM PDT by 4Liberty (Optimal institutions - optimal economy.)
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