Yahoo: We Just Got A Horrible GDP Report, And Here's Why You Shouldn't Care
CNN: 3 reasons not to freak out about -2.9% GDP
AP: U.S. economy collapses in first quarter, but growing again
Imagine this media during the Great Depression. haha
Only in the weasel wording of the liberal "media" would a 2.9 percent contraction be termed a "rate of growth."
Oh, what’s the big deal? They do the same thing when a Republican is president. (sarcasmaroony)
Yep. We’re definitely getting the Maytag treatment from the media.
NEGATIVE IS POSITIVE
WAR IS PEACE
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
I like Zero Hedge’s interpretation of this. They detected some accounting sleight-of-hand at play.
Since the administration knew this was going to be a bad quarter, they delayed a large positive accounting entry until the second quarter. This makes the first quarter look “worse than expected” but gives them the opportunity to post good news going into the election this fall.
This is the best Summer I’ve had since I was a kid. The Democrat news media is stumbling around like a bunch of drunks trying to play hopscotch.
I swear that reporters for Pravda and Izvestia were not as shameless as these hacks. At least in the Soviet Union, they would actually be shot for not toeing the party line. Here, they don’t get invited to cocktail parties.
Orwellian doublethink...War is Peace, Freedom is Slavery and now a negative GDP is prosperity.
The housing market is booming again. This can’t be denied. It is silly to pretend we are in a huge recession. We’re not. But understand millions of jobs lost will never come back. Ever. They will be/are being replace(d) with automation and/or illegal aliens. THOSE people are in deep trouble.
Doesn't that mean that global warming will be good for the economy?
Umm...didn't I just read that this was the warmest spring in recorded history? What happened to that?