RUSH: You see the stories on the US economy, the first quarter. I predicted this. I predicted there'd be a revision. What was the original report of the first quarter? Two percent, .2% growth or something. I said it's not gonna be that when they revise it. They're gonna revise it three or four months from now when everybody's forgotten it.
Here it goes.
The US economy fell. It went backwards. It slowed down, 0.7% growth rate. That's not growth, folks. That's a contraction. "The US economy shrank at a 0.7% annual rate in the first three months of the year."
You know why? Yeah, cold weather. That's what it says right here in the AP, wintertime out there. That's right, cold weather and a widening trade deficit.
RUSH: You know, checking the economic stories, got the AP, got one from Reuters here, and it says "US Housing Data, Sturdy Jobs Market Buoy Growth Outlook."
You know, it's amazing. Every damn economic article in the last six years under Obama could just be summed up as "prosperity just around the corner." For six years this is what we've been told. Six and a half years. The economy's been tanking. There's no doubt the economy's tanking. It couldn't do anything but tank with all the things that Obama has added to it and taken from it.
The tax burdens and the commandeering of the health care industry, there's no way this economy can be growing.
And the damn media every time, every quarter, when the jobs news or the economic growth news is bad, every damn story is prosperity just around the corner, all the signs are there, all the indicators.
We're just sitting here waiting for a massive explosion that never happens. It's all journalistic malpractice.
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