Which is why we hate the mainstream media

Did he really say that? Of course not. Here's what he said.

“I think we can have growth rates in excess of 4%. When I’m talking about growth rates, I’m not talking about that GDP, which counts poison gas the same as it counts penicillin,” the 79-year-old industrialist said, veering off his prepared remarks. “What a monstrous measure this is. If we make more bombs, the GDP goes up — particularly if we explode them.”

I'm old enough to remember when Time Magazine could be trusted as a reliable source of objective reporting; then again, I once felt the same way about the NYT.