Ed Morrisey learns a lesson in the failure to Google
Today, Ed writes (via Balloon Juice:
In January, Barack Obama and Democrats insisted that the 5.7% annual growth rate in the fourth quarter of 2009 showed that their stimulus plan had set the American economy back on track for rapid growth and job creation. The administration needed a big number for 2010 to allay fears that unemployment would stagnate at the current high levels for the long term. Unfortunately, they didn’t get it, with the 3.2% annualized GDP rate for the first quarter of 2010 falling below analyst expectations…But in 2008, Morrisey wrote:
Does this cut out the legs from the Democrats in their non-stop themes of complaint regarding the economy? It should, but it probably won’t. A growth rate of 3.3% is a good, solid number, one that shows real substance in the economy. It remains weak in some areas as does the dollar, but fundamentally strong.Apparently 1/10th of a percentage point is the difference between weak growth and a "good, solid number."
Of course the right is scrambling to explain how this number doesn't mean anything, because they fear charts like this one (from the Speaker's blog) being seen by too many people.