Ravenwood - 08/30/04 06:15 AM
My compliments to James Taranto to pointing out this bit of fuzzy math by Reuters.
"Now It's Official: Economy Shrunk"--headline, Reuters, Aug. 27This goes back to the definition of a cut."U.S. gross domestic product--which measures total output within the nation's borders--expanded at a 2.8 percent annual rate in the second quarter."--Reuters, same story
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And if it was much over 3.0, they'd be warning of a "dangerously overheated economy."
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