Friday, September 30, 2005

Press Now Admits Economy Was Good So They Can Say How Hurricanes Made It Bad

Associated Press After reporting economic doom for the last few years, the press now forgets how bad they said things were in order to tell us how bad things are going to get. Hey newsguys, some of us know you can't have it both ways.

Economy Was in Good Shape Before Katrina and Rita; Growth Expected to Slow in Second Half

WASHINGTON Sep 29, 2005 — The economy was growing solidly before hurricanes Katrina and Rita, whose double blow is expected to make for rocky business activity in the months ahead.

A Commerce Department report released Thursday showed that gross domestic product grew at a 3.3 percent annual rate in the second quarter confirming that economic activity was humming along at a respectable pace before the disasters struck.

Read full story.

News Tension: 100
Gravity: Losing their footing
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