you_can_call_me_Al

GDP Shows Economy Is Far from Recession

Not positive, but I believe the growth rate is usually annualized.

Government statistics (all statistics, for that matter) will routinely lean in the direction of the collector's personal bias whenever there's a component subject to personal judgment (e.g., like inflation). They typically push the envelope, but this one's a total whopper. Someone's got real nerve expecting us to believe this.