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Thu Jan 31, 2013, 12:10 PM


Diagnosing the 'GDP problem'

One of top Politico stories of the day tells readers that, in the wake of yesterday's economic news, President Obama has a "GDP problem." After noting that the drop in economic growth was "largely due to a drop in government spending," the article adds:

Nonetheless, the politics are unambiguously terrible for Barack Obama ... and it gave an adrenal jolt to the a GOP messaging establishment left supine by the Mitt Romney mirage and recent soul-searchy infighting.

Politico's report added that Democrats "will try to spin" the news, but the party's "narrative" is "not very convincing" and burdened by "weakness."

It's almost as if facts, evidence, reason, and a cursory understanding of economic policy no longer matters at all. In reality, the economy shrank a little in the last quarter because of spending cuts, but the party demanding more spending cuts has suddenly received "an adrenal jolt" -- the Republican National Committee seemed inexplicably giddy after the GDP report was released -- even though it's now blisteringly obvious their agenda would undermine economic growth.

Any why are those who've been proven wrong acting like they've been proven right? Apparently it has something to do with whether D.C. media types are "convinced" by your "narratives."

More at: http://maddowblog.msnbc.com/_news/2013/01/31/16789587-diagnosing-the-gdp-problem?lite#channel=f7ae4689992ed1&origin=http%3A%2F%2Fmaddowblog.msnbc.com&channel_path=%2F_fb%2Fchannel.html%3Ffb_xd_fragment%23xd_sig%3Df1c627b3afdff0f%26

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