CNNMoney's Reaction to 0.4% Annualized GDP Growth: 'Economy Climbs Off

Tom Blumer
March 31st, 2013 7:46 PM
The latest estimate of economic growth for the final quarter of 2012 published by Uncle Sam's Bureau of Economic Analysis on Thursday told us that the economy grew at an annualized rate of 0.4%. Not annualized, that means it actually grew by 0.1%. A $100,000-a-year business doing that "well" during a quarter would have seen its sales increase by $25 (.001 times $100,000 divided by 4).…
 

CNNMoney Misrepresents Rep. Mike Pence's Opposition to Tax Cut Deal

Iris Somberg
December 21st, 2010 11:00 AM
If you only read CNNMoney.com's Dec. 17 attack on the tax cut deal you might think that Congressman Mike Pence, R-Ind., opposed extending the Bush-era tax cuts because of the cost. But that's not the case. CNNMoney senior writer Chris Isidore wrote the article: "Costliest stimulus, weakest payoff" attacking the tax deal Congress passed. Using the Congressional Budget Office (CBO) figures…