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SO Predictable: U.S. Economy Grew at Slower Pace Than Expected (NYT)

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stopbush Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-27-04 11:54 AM
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SO Predictable: U.S. Economy Grew at Slower Pace Than Expected (NYT)
Edited on Fri Aug-27-04 11:56 AM by stopbush
You'll notice that the NY Times headline provides cover for bushco, stating "than expected," rather than as "previously stated," per the first line of the article.

In other words, they lied back then and the correction comes on a Friday...as usual.

This week's *Friday bad news dump top story* is:

The New York Times
August 27, 2004
U.S. Economy Grew at Slower Pace Than Expected
By TERENCE NEILAN

The United States economy grew more slowly in the second quarter than previously stated, as it struggled under an increasing trade deficit and a slowdown in consumer spending, the Commerce Department said in a report today.

snip

Financial analysts had expected today's figures to be lower than predicted — some had even forecast a growth of only 2.7 percent — but the news will hardly provide any comfort for President Bush as he campaigns for re-election, particularly with the Republican convention scheduled to open in New York City on Monday.

snip

"The ink on George Bush's economic record is starting to dry," (Kerry spokesman) Singer said in a statement. "These G.D.P. numbers are the latest piece of evidence that George Bush is misleading Americans when he says that the economy has turned the corner. No matter what happens in the next two months, nothing will change the basic fact that George W. Bush is going to the be first president facing re-election with a net job loss record."

http://www.nytimes.com/2004/08/27/business/27CND-ECON.html?pagewanted=print&position=
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