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The economy didn’t grow as much as the Obama administration first claimed in the initial quarter of 2010, the Commerce Department reported today. The Q1 GDP was first announced at an annualized growth rate of 3.2%, down from the previous 5.7% in 2009Q4. Later, the number got revised downward to 3.0%. Today marks the third revision in the Q1 GDP growth rate, and the third reduction, this time to 2.7%: The U.S. economy grew at a 2.7 percent annual rate in the first quarter, less than previously calculated, reflecting a smaller gain in consumer spending and a bigger trade gap....

I had never met Steve Schmidt and only knew him through the media. When I found myself seated at the former McCain campaign manager's table at a Washington dinner hosted by The Week magazine, it was like a flashback to the 2008 campaign. Schmidt is instantly recognizable with his trademark shaved head, his bulldog physique, and the restless intensity that marks him as a political operative of the first order. He had spent 10 weeks trying to mold Sarah Palin into a plausible national candidate, and when the campaign ended, he assessed her shortcomings, as she did his, in what...

NK Seeks Revision of 1961 Defense Treaty With China MARCH 04, 2010 08:46 North Korea is known to have proposed to China the revision of a bilateral cooperation treaty in talks on a breakthrough in international sanctions following Pyongyang’s nuclear test in May last year. When Chinese Premier Wen Jiabao held talks with North Korean leader Kim Jong Il in Pyongyang in October last year, China’s official Xinhua News Agency did not say whether they discussed the revision of a clause in the treaty guaranteeing China`s automatic intervention in the event of a security threat in North Korea. An informed...

Feb. 4, 2010, 10:45 a.m. EST Massive revision will show recession was even worse More than 8 million jobs lost since 2007, updated Labor data will show Friday By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- On Friday, the government's official data on U.S. employment will be updated to reflect what everyone already feels: In terms of job losses, this has been the worst recession since the end of the World War II more than 60 years ago. Instead of job losses of 7.2 million as currently reported, it'll be more like 8.1 million lost jobs, if the annual benchmark revision...

Whenever numbers look bad for Democrats, the media invariably reports them as "unexpected." Well, report THIS, mainstream media: Barry Hussein just broke his own record for failure. Previously, it had been reported that Obama had lost 4.1 million jobs - presiding over the greatest number of job losses under any president in any year since the Bureau of Labor Statistics started reporting jobless numbers in 1940. But now we're finding out that Obama pointed to the center field wall, took a radical swing, and sent unemployment soaring to nearly FIVE MILLION jobs lost with his disastrous failed policies. There's not...