Posted on 04/27/2023 9:57:35 AM PDT by JV3MRC
Leave it to the propagandists at The New York Times to try to sprinkle some sugar over an anemic GDP report.
The Times economics writer Ben Casselman broke out some confetti for the latest economic report showing a lackluster 1.1 percent GDP growth in the first quarter, which was notably slower than the 1.9 percent forecast. But look on the bright side, bleated Casselman in his sub-headline, “[t]he gross domestic product increased for the third straight quarter as consumer spending remained robust despite higher interest rates.” Casselman’s own headline was heavy on nuance and lacking on context: “U.S. Economy Grew at 1.1% Rate in First Quarter.” Contrast the headline with how other outlets reported the GDP story and The Times’s gambit to protect President Joe Biden’s image from the bad economic news becomes clear. Here was CNBC’s headline: “GDP report points to dreaded stagflation, but these stocks can still work in this environment.” Here was Bloomberg News: “US Economic Growth Slows to 1.1% While Inflation Accelerates.” [Emphasis added.]
Casselman’s spin might even give Looney Tunes character Tasmanian Devil a run for his money.
(Excerpt) Read more at newsbusters.org ...
And what Are GDP and GDP growth without government deficit spending?
Yet the stock market is surging today after Facebook soars on earnings. Facebook is now the barometer of our economy.
National debt soaring.
Consumer debt soaring.
Savings cratering.
Jobless claims continue upward.
World War III on the horizon.
Cities breaking down.
Fentanyl killing hundreds of thousands.
Millions of young ‘migrants’ trafficked by our government.
DOJ, FBI persecuting patriots.
Media a propaganda arm of Biden etc.
Biden Crime Family a servant of the CCP.
Yet, everything is rainbows and unicorns according to Joe.
He probably wrote the article a week ago and just waited for the numbers to be released to fill in the blanks.
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