Posted on 04/28/2022 9:36:41 AM PDT by JV3MRC
Americans woke up Thursday morning to an economy that unexpectedly contracted in the first quarter. The ABC, CBS and NBC morning news shows ignored the story.
The Bureau of Economic Analysis (BEA) released a report at 8:30 a.m. revealing that U.S. GDP contracted at an annual rate of 1.4 percent in the first quarter. Bloomberg News reported that the terrible news followed a “6.9% pace of growth at the end of 2021.” The median forecast for economists surveyed by Bloomberg was a 1 percent increase, meaning that expectations were off by a sizable 2.4 percentage points.
Janney Chief Fixed Income Strategist Guy LeBas summed up the significance: “Nasty miss.” ABC’s Good Morning America (GMA), CBS Mornings, NBC’s Today and NBC’s 3rd Hour of Today, completely ignored the BEA report on their April 28 broadcasts like flies fleeing insect repellant.
(Excerpt) Read more at newsbusters.org ...
Well, it’s not Biden’s fault, and it is all due to Covid and Putin and Trump and Elon Musk and global warming.
Otherwise, the economy would be running at an annual GDP of plus 5% or more.
The Bureau of Economic Analysis (BEA) released a report at 8:30 a.m. revealing that U.S. GDP contracted at an annual rate of 1.4 percent in the first quarter. Bloomberg News reported that the terrible news followed a “6.9% pace of growth at the end of 2021.”
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MiniTrue* approves of Bloomberg’s reporting.
* Disinformation Governance Board
Of course..its only “News” when a Republican is in power..it would be all you hear about..but since its Dementia Joe, just like during the Obama yrs..the media motto “If we dont report it, it never happened”
Huh? The economy has a problem? 💸💸💸💸💸💸💸
“unexpectedly”?
THE DEMOCRATIC PARTY'S RECESSION.
And they will pay for it in November, and in 2024 when we take back the White House. Now if we can only convince Trump not to run. He needs to be the kingmaker, not the king.
Newsbusters keeps complaining about the networks, but aren’t doing anything.
You are just making up numbers - Brain Dead Biden keeps telling us everything is improving under his leadership!
Don’t worry…socky and dementia jo will be along soon like Baghdad Bob telling us about the glorious booming economy…
Trump 2024!
I wish someone like Musk would buy a network like cbs, nbc, abs and broadcast accurate news and of course good programs.
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