How We Lookin' in the Economy? GOOD
Economy Grows at Fastest Pace Since 1984
The economy grew at a scorching 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence.
The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday.
The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States.
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Matt's Chat
This will look good on the Bush Resume. And no, my friends, I have not forgotten our promise to examine what the liberals are calling the Bush Resume. We just haven't set aside time to dig in to it...but we will...Mark's Remarks
Matt, are you sure this was not cooked up in Texas? Are you sure it is not part of the vast right wing conspiracy, are you sure that it is not part of the conservative dominated media? OF COURSE IT IS NOT. Analysts have said this is tremendous growth, as anything over 3% is considered substantial....Also, do you know what those independent analysts said was the catalyst? The Bush Tax Cuts....Wow, guess it really DOES benefit more than the wealthy, with jobless claims going down as well...hmmm...where is the mea culpa from all the naysayers, where is the honest documentation and acknowledgement of a mistake? Rather, where are your apologies? King? Brokaw? Pelosi? And we know Kennedy won't apologize, he is too busy reading comics to cook up new crazy conspiracy theories...Where is the fairness now? Wait, if the media were really controlled by conservatives, this would get praises sung with it, as in other admins....But this just gets a passing reference.....Makes you wonder about the whole objectivity of the media, eh? Despite what some who deny the obvious say, THERE IS A LIBERAL BIAS IN THE MEDIA....
Also, I guess the whole idea that more people are hiring, that jobs are forecast to grow, and that there is projected growth through 2005; is pure fiction, even though independent analysts have come up with this...so much for the doom and gloom theories from most liberals.......
