Annalyn Kurtz

The press, even in the wake of yesterday's awful reported 2.9 percent annualized first-quarter contraction, continues to regale us with noise about the economy's "recovery" during the past five years. As P.J. Gladnick at NewsBusters noted yesterday, CNNMoney.com's Annalyn Kurtz, in giving readers "3 reasons not to freak out about -2.9% GDP," concluded her report by telling readers that "This…

Last month, CNN reported that the U.S. Bureau of Economic Analysis measured a decrease in the rate of growth of U.S. gross domestic product (GDP) to the tune of 0.1 percent. But relax, they insisted, it was merely due to the “winter weather effect.” Fast forward to today and the Bureau’s downward revision of GDP growth. The feds now tell us the economy contracted one percent in the first…

This afternoon, in an unbylined item headlined "US BUSINESS HIRING FINALLY TOPS RECESSION LOSSES," the Associated Press showed that it deserves the nickname "Administration's Press." The story embarrassingly described the job market's return to its previous January 2008 employment peak as a "pivotal moment." Get real. Given over six additional years of growth in the adult population, that's…