I am so sick of headline writers - especially at the NY Times.
GDP for the third quarter was released today. As the Times reports:
The economy was "bolstered by healthy consumer spending that was accompanied by the lowest inflation in decades".
Pretty good news right? Even better, GDP rose 3.7 percent, a faster rate than the second quarter. But what's the headline?
Economy Grew at Slower-Than-Expected 3.7% in 3rd Quarter
Never mind the fact that they prefer to compare the new numbers with a fictional estimate as opposed to the hard facts of the prior quarter.
The only no-spin headline would read - "Economy Grows at 3.7 Percent in the Third Quarter". Period.
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