Whatever happens, the so-called “Newspaper of Record” will report the same thing: spin.
New York Times, October 29, 1992:
President Bush smiled when he learned this week that economic growth during the third quarter reached a surprising 2.7 percent, almost twice the previous rate. But his smile shouldn’t be broad. … Even the 2.7 figure is half the normal rate of recovery and not enough to bring down unemployment.
New York Times, October 26, 2012:
The slow pace of the nation’s economic recovery has picked up a bit lately. In the third quarter, the economy grew at an annual rate of 2 percent, beating expectations and the dismal 1.3 percent growth in the second quarter. Over the past year, the growth rate has been 2.3 percent. At that pace, there’s enough momentum to keep unemployment, currently 7.8 percent, from getting much worse…
Having a president of the proper race and political persuasion makes quite a difference. You would hardly know that the current economic numbers are significantly worse than under George H.W. in the days of “It’s the economy, stupid.”
Compliments of Just TheTip.