4/29/2009

How some of the media is giving a positive spin to the 6.1 percent drop in GDP

From Newsbusters:

The Associated Press's Jeannine Aversa, who became infamous last year for her stories of "vanishing jobs" that weren't, sounded hopeful early this morning before the release by Uncle Sam's Bureau of Economic Analysis (BEA) of its first-quarter report on Gross Domestic Product (GDP) growth:

Economy's free-fall probably eased in 1Q
The recession's grip on the country may be letting up a bit.

The government is set to release a report Wednesday expected to show the economy shrank at a pace of 5 percent in the first three months of this year. If Wall Street analysts' forecasts' are correct, the figure — while still extremely weak — would be viewed as a hopeful sign that the worst of the recession — in terms of lost economic activity — may be past. . . . .


The WSJ has this title: "Hopeful Signs Seen in GDP's Fall."

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