Q3 economic growth revised to 2.2 percent: Weaker than believed 

As it turns out, economic growth is slower than we thought.

As it turns out, economic growth is slower than we thought. The Department of Commerce has revised its third-quarter growth numbers to reflect 2.2 percent annualized growth -- a significant downward revision from the 2.8 percent that was reported originally.

This is bad news for the country, of course. It is also bad news for the president, who is grasping at any straw he can find to sell his stimulus package as a successful jobs bill -- even abusing a perfectly good CBO report.

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David Freddoso

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David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
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