Wednesday, February 28, 2007

Worst Economy Since Hoover Update

AP News Alert:
WASHINGTON (AP) The Commerce Department reports that the economy grew at a 2.2 percent annual rate in the final quarter of last year, much slower than the government estimated a month ago.
I imagine BizzyBlog will have much more to say on this...especially in light of yesterday's "Drudge-inspired" tanking of the markets.

As for me...I blame Bush for the increase and I blame Pelosi for the fact that the increase was below expectations. But you knew that already...

UPDATE: Bizzy was on it this morning! He had this up at about the same time I was reporting on it as well...

UPDATE 2 - AP News Alert:
NEW YORK (AP) Stocks rebound at the opening of trading in the United States.