Just how does Q1 go from 1.8, to 1.9, to 0.4? That's an error of only 79 percent.
Q4 2010 also was revised down, to 2.3 percent from 3.1 percent. That's an error of 26 percent.
And revisions going back to 2007 when the Dems took over the Congress under George Bush are even worse, saved for the end of July while everyone's on vacation and not paying attention. And of course it's Friday.
Which reminds me. I neglected to do Bank Failure Friday last week. There were some, but sometimes reporting on it feels like writing an obituary, and last Friday was filled with too much death already.
The GDP story is here.
