GDP Shrinks At -1%, Media Eager To Spin As Good Economic News, Flashback: Obama Blasted Bush For Same GDP Numbers

This from the Associated Press
"Recession eases GDP dip "smaller than expected"


This from CBSnews
"Less than feared"

WASHINGTON (AP) - The economy sank at a pace of just 1 percent in the second quarter of the year, a new government report shows. It was a better-than-expected showing that provided the strongest signal yet that the longest recession since World War II is finally winding down. The dip in gross domestic product for the April-to-June period, reported by the Commerce Department on Friday, comes after the economy was in a free fall, tumbling at an annual rate of 6.4 percent in the first three months of this year....

Flashback October 30, 2008 Sarasota Florida, the economy went into negative for the first time in 2008(same numbers as today), and candidate Obama fired back at Bush: "OUR FAILING GDP IS A DIRECT RESULT OF A FAILIED ECONOMIC THEORY...THAT HAVE DRIVEN OUR ECONOMY INTO A DITCH"

My how times change...