The Democrats and their media allies (which includes ABC, NBC, CBS, CNN, PBS, AP, Reuters, etc.) have been talking down the US economy for a few years now in hopes of the Democrats capturing the White House in 2008. But, the economy has not cooperated. The 2nd quarter results have been revised upwards, as reported in this article from Patriot Post:

Revised economic picture“Better than expected” was the buzz once again for the economy in the second quarter after the Commerce Department released revised numbers this week. The new numbers indicate that “gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter,” reports the Associated Press. The government had originally reported growth of only 1.9 percent, short of its forecast of 2.7 percent. Of course, the good news is not good enough to impress the army of economic-expert editorialists, er, reporters at the AP. They warn, “Still, the growth pickup is not likely to be seen as a lasting sign that the fragile economy is back on solid ground.” It should go without saying that current growth is no predictor of future economic activity, but the AP simply cannot leave readers feeling optimistic. AP continues, “A growing number of analysts fear that the country will hit another economic pothole in the fourth quarter.” These analysts who have been wrong all year—not only was there no recession, but we had “better than expected growth” —will continue with their depressing drumbeat despite every report to the contrary.