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White House on Dismal GDP Growth: At Least It's Still Growing

warren84 Wrote: Jul 27, 2012 7:07 PM
It's still gorwing. Great. It's like being the tallest midget in the NBA.

Guy reported on the dismal 1.5 percent GDP growth earlier this morning and now, the White House is responding by saying, "at least it's still growing."

"Today’s report shows that the economy posted its twelfth straight quarter of positive growth," Alan B. Krueger wrote in a statement. "Over the last three years, the economy has expanded by 6.7 percent overall, and the private components of GDP have grown by 9.9 percent."

This seems to be the White House version of "it could always be worse," which is true however, making excuses for nearly stagnant...