At the end of July, a report from the Bureau of Economic Analysis came out saying that the Gross Domestic Product grew at a rate of 1.9% during the second quarter. Well, that’s good, considering that it only grew .9% in the first quarter.
So, the media ran stories about this right. Well, kinda. They ran stories saying things like “Q2 GDP Doesn’t Meet Analsysts’ Expectations,” which is true, since analsysts predicted anywhere from 2.0%-2.4% growth (those are the numbers I’ve mostly seen).
Now, the media has also reported that the Bureau of Economic Analysis, within the Department of Commerce may update the real GDP; however, the change is normally no more than +/- .2%. So there’d still be an increase in the rate from the first quarter.
So, why is the media (and liberals) downplaying this? Because they said we were in a recession. And just like EVERYTHING the media reports on, the evidence MUST support the position that the media has taken. Screw taking a position based on the evidence. Take the position that’s good for liberals, and make the evidence fit! I’ve even seen a liberal ask, “Are official GDP growth statistics wrong?” just because Americans are so convinced that we MUST be in a recession.
And whatever liberals did acknowledge the positive growth, said it was because the stimulus checks were such a good idea. Yeah, bailing people out for making stupid housing decisions is a good idea. Instead of just giving out tax cuts, let’s complicate the system with a stimulus package!
As I’ve said before, we’re not in a recession, so the media really needs to stop saying that we are.
Tags: BEA, Bureau of Economic Analysis, Department of Commerce, Economic Crisis, Economic Stimulus Package, Economics, economy, Finances, GDP, Gross Domestic Product, Liberal, Media, Media Bias, Money, Recession