Friday, October 26, 2012

Crappy GDP "Better Than Expected"

The key to Obama's success - lowered expectations. Politico is trying to spin this morning's 2% third quarter GDP growth as good news for Obama, because it's better than expected. Better than whose expectations? Obama promised 4.3% annual growth by this time.
The economy grew at an annual rate of 2 percent during the third quarter of 2012, federal researchers said Friday, handing President Barack Obama better than expected economic news in the final GDP report to come out before the election.


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