Hope and change spring eternal at the New York Times. It didn’t bury yesterday’s bad economic news, headlining instead at the top of page 1 today: “GROWTH SLOWED IN FIRST QUARTER FOR U.S. ECONOMY: AN ANNUAL RATE OF 1.8%.”
But then there’s this priceless subhead: “May Be Temporary — Oil Prices and Winter Weather Blamed.”
Before you know it, the report itself is channeling Chance the Gardener: “Economists say many of these problems will fade later in the year and economic growth will hasten through the spring.”
I’m not making this up, not even the part that has one economist, her “fingers crossed,” hoping that “last quarter’s dismal news” was, in her words, “a pause, not a trend.”
