Posted on 08/04/2020 8:46:25 AM PDT by JV3MRC
When U.S. GDP dropped 9.5 percent, multiple media outlets and journalists fired off on Twitter and their headlines that second quarter GDP actually fell 32.9 percent, which was false. The 32.9 percent figure is the annualized rate of decline in GDP.
The Washington Post understood that there was confusion on the interpretation of the data in a July 30 piece headlined, Did a third of the economy really vanish in just three months? Its sub-headline noted that [t]he second quarter GDP report confused many. But instead of holding its media competitors to account for pushing a false narrative, The Post actually hinted that Trump administrations Commerce Department is to blame for the confusion. [Emphasis added.]
(Excerpt) Read more at newsbusters.org ...
Journalists don’t actually understand the stuff they report on. They just know that Trump is bad, and everything is his fault.
Alternate WaPo headline: “Leftists Can’t Math: Trump To Blame”
I can’t think of anybody more confusing than the US media. And they do it deliberately.
Media are swine, but the Commerce Dept. let it happen. I read the release and the annual rate was prominently displayed in the lead or near it.
Either the PR peeps at Commerce wanted to undermine DjT purposely, or trusted media.
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