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October 31, 2012

NYT, 1992: Bush's 2.7% GDP Growth Is a "Gross National Letdown"
NYT 2012: Obama's 2.0% Growth Is "Steady Improvement"

The way they... surround a story, as an old ad said.

Same situation in 1992 as in 2012: An incumbent president is bedeviled by a recession. Late in the cycle, there is a slight improvement. Although in Bush's case, it was a lot more than slight improvement -- we passed from recession to recovery before the election; the economy was already growing when Clinton took office.

If that's not the way you remember it, that's because the media didn't want you to know that.

Flash forward to today. Now, the economy grows by a pittance -- much less than Bush's weak 2.7% growth -- and the NYT hails it a "slow but steady growth" which proves the efficacy of his plan.

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