Two sides have different perspectives on new GDP numbers

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WASHINGTON (AP) — The White House and the Romney campaign are offering different assessments of today's government figures on economic growth -- the last such reading on the economy that voters will see before the election.

The government says the economy grew at a 2 percent pace from July to September, up from 1.3 percent in the second quarter. It could help Obama's message that the economy is improving. But growth remains too weak to rapidly boost hiring.

The head of the White House Council of Economic Advisers, Alan Krueger, says that there's "more work to do," but that the report offers "further evidence that the economy is moving in the right direction."

Mitt Romney, though, issued a statement saying the report is "discouraging." He says, "Slow economic growth means slow job growth and declining take-home pay." And he said, "This is what four years of President Obama's policies have produced."

%@AP Links

187-c-19-(Mark Smith, AP White House correspondent)-"of future growth"-AP White House Correspondent Mark Smith reports the Obama campaign is applauding the new growth figures. (26 Oct 2012)

<<CUT *187 (10/26/12)>> 00:19 "of future growth"

188-c-18-(Mark Smith, AP White House correspondent)-"of uninterrupted growth"-AP White House Correspondent Mark Smith reports the White House is welcoming the GDP report. (26 Oct 2012)

<<CUT *188 (10/26/12)>> 00:18 "of uninterrupted growth"

186-a-11-(Scott Brown, chief economist, Raymond James and Associates, in AP interview)-"the economic downturn"-Economist Scott Brown says this GDP report isn't likely to settle any political arguments. (26 Oct 2012)

<<CUT *186 (10/26/12)>> 00:11 "the economic downturn"

183-w-36-(Mark Hamrick, AP correspondent, with Scott Brown, chief economist, Raymond James and Associates)--A new report from the government says economic growth accelerated in the third quarter. The AP's Mark Hamrick reports on how that might be interpreted during the height of the political season. (26 Oct 2012)

<<CUT *183 (10/26/12)>> 00:36

184-a-08-(Scott Brown, chief economist, Raymond James and Associates, in AP interview)-"spending in particular"-Economist Scott Brown says government spending helped fuel the additional growth. (26 Oct 2012)

<<CUT *184 (10/26/12)>> 00:08 "spending in particular"

185-a-10-(Scott Brown, chief economist, Raymond James and Associates, in AP interview)-"to deal with"-Economist Scott Brown says growth should hold steady or even improve in the months ahead. ('Fiscal cliff' refers to the steep budget cuts that automatically take effect next year if Congress doesn't reach agreement on a deficit-reduction plan.) (26 Oct 2012)

<<CUT *185 (10/26/12)>> 00:10 "to deal with"

179-c-20-(Sagar Meghani (SAH'-gur meh-GAH'-nee), AP correspondent)-"he can deliver"-AP correspondent Sagar Meghani reports Mitt Romney is downplaying the government's latest numbers on economic growth. (26 Oct 2012)

<<CUT *179 (10/26/12)>> 00:20 "he can deliver"

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