IBD Editorials "Economy: They must be getting pretty desperate in the White House economic shop these days. When the revised GDP numbers showed a first-quarter decline of 0.7%, they started blaming the estimates themselves.
"On the list of excuses for President Obama's ongoing failure to produce decent economic growth, we hadn't heard this one: A "seasonal adjustment" problem at the Bureau of Economic Analysis, which compiles the GDP estimates.
"White House chief economist Jason Furman says that, despite its seasonal adjustments, the BEA might not be accurately accounting for the effect of winter weather on growth."
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