Posted on 08/28/2008 5:34:41 AM PDT by abb
The U.S. economy expanded at a strong 3.3% annual rate in the second quarter, much faster than the 1.9% estimated a month ago, the Commerce Department reported Thursday. The revisions to real gross domestic product were largely due to stronger trade sector and a faster pace of inventory buildup than first thought. Economists were predicting a revision to about 2.7%. The core personal consumption expenditure price index rose 2.1%, unrevised from the initial estimate Despite the strong growth in April-June quarter, economists see signs that the economy is weakening. While growth is expected to rise around 2% in the third quarter, many analysts expect much weaker growth in the last quarter of the year.
(Excerpt) Read more at marketwatch.com ...
http://www.marketwatch.com/News/Story/Story.aspx?guid={8BDE0870-2705-4534-A07C-8907F441720E}&siteid=google
Growth revised much higher in second quarter
U.S. GDP revised up to 3.3%, could be strongest for some time
wow!!! We are doomed!!!! oopss maybe not!
http://money.cnn.com/?cnn=yes
Second-quarter GDP revised up to a surprising 3.3% annual growth; initial jobless claims declined last week. More soon.
This year is amazing the Dems have actually created a fantasy recession, and everyone bought the myth. Crazy.
Womyn and minorities hardest hit.
The Drive-By Media had as much to do with the fantasy recession as did the Dems.
http://online.wsj.com/article/SB121992534813979505.html?mod=hps_us_whats_news
Economy Grew 3.3% in 2nd Quarter
By JEFF BATER and BRIAN BLACKSTONE
August 28, 2008 8:38 a.m.
WASHINGTON — The U.S. economy was much stronger in the spring than first thought because of better exports and less inventory liquidation by businesses, according to a government report that surprised economists.
The reason is obvious...the Global Warming Model theoreticians all found new jobs in the Commerce Department.
Naive question: Can government be trusted to release reliable information that measures its own performance?
“Bush cooked the books!”
BINGO!!
nope nope nope, not true!! Obama and the Dems said we are going to hell in a handbasket! Now, that is what they said!! It must be true! ,
‘burp ‘cuse me :-)
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