Friday, April 27, 2012

Weekend News

P.J. Gladnick | April 27, 2012 | 14:57
So when is lackluster economic growth a good thing? When it happens in the first quarter of an election year in which an incumbent Democrat president is attempting to win re-election and when the organization reporting this bad, or "good," news as they laughably attempt to categorize it is National Public Radio.
Here is the NPR comedy act performance by Scott Neuman in which he attempts to spin the lousy economy as a good thing:

Read more:


US Economy Grows at Tepid 2.2% Pace; Misses Estimates

Published: Friday, 27 Apr 2012 | 8:34 AM ET

U.S. economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a moderate pace, but stronger demand for automobiles softened the blow.

Gross domestic product  expanded at a 2.2 percent annual rate, the Commerce Department said on Friday in its advance estimate, moderating from the fourth quarter's 3 percent rate.

KN: The worse in my life. So much for retiring.


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