GDP surges 7.2%, fastest in 19 years

CBSMarketwatch.com ^ | 10-30-2003 | Rex Nutting

[69ConvertibleFirebird]

Submitted with my appologies to the doom and gloom Freepers, of course...

Final sales of domestic product grew 7.8 percent, the best in 25 years.

In current dollars, nominal GDP increased 9 percent to $11.04 trillion.

Meanwhile, the Labor Department said the average number of initial claims for unemployment benefits over the past four weeks fell by 4,750 to 388,750, the lowest since February.

Let the DemocRATs (and whinner Freepers) keep shrieking about the worst economy ever...

[finnman69]

But the French Senator said this....

"This is the worst economy since Herbert Hoover" – John Kerry, 8/6/03

[Frank_Discussion]

And who was president 19 years ago? Ronaldus Maximus!

[.cnI redruM]

If Bush were smart, every speech he gave would have a 'fastest growing economy in decades" banner behind him. Let Lefty Pelosi or "French John" Kerry piddle over that one!

[Phantom Lord]

I remember conversations on here earlier this week that the media was promoting the number 7% so that it could come out at 6.8% and their headlines could be "Economy falls short of predictions".

Well now what are they going to do?

Even the NY Times has had to admit, in print, that the Bush Tax cuts are the primary fuel in the economic engine right now.

[Phantom Lord]

Real disposable income increased 7.2 percent. John Maynard Keynes would be proud of his disciples, Alan Greenspan and George W. Bush.

Ahhh, isn't Bush the opposite of Keyens on economics?

[petercooper]

duplicate thread

http://www.freerepublic.com/focus/news/1011220/posts

[Eva]

You're right, I remember hearing that exact prediction (that the economy would prove to fall short of expectations) somewhere. The dem candidates must be crying in their beer at this point.

Now if we can just turn things in Iraq around, the election will be all sewed up . Dorothy Rabinowitz had a good article on Opinion Journal about the Democratic debate. She said that they were making a Republican campaign commercial, that all the Republicans needed to do was play video tape of the various remarks by the candidates to show their unelectability.

[69ConvertibleFirebird]

duplicate thread

Yes, except for the author, the source, and much of the content.

[KarlInOhio]

Deeply, deeply saddened.

[LS]

These lines about "how sustainable" this will be can be likened to this:

Vikings Score Again to Take 52-0 Lead Over Bears. Some Question How Sustainable Vikes' Momentum Is!"

[LS]

Damn! Damn! Damn! You realize several Freepers need to be on a suicide watch over this!

[SkyPilot]

duplicate thread

No, it isn't. Using your logic, 2 thread that both dealt with the Govenor's race in California, despite being written different news organizations, journalists, and sources would have been "duplicate threads."

[Husker8877]

You have apparently bought the lefties message hook line and sinker regarding Iraq. You said "now if we can just turn things around in Iraq..."

That perception is even more ridiculous than those Clinton b*ttlickers statements about how bad the economy is going. President Bush and the USA scored one of the greatest victories in history, and the reconstruction efforts are going fine (despite the very regrettable loss of soldiers occasionally).

Please don't inadvertantly pass along the Beast's propoganda so easily.

[Bosco]

John Maynard Keynes would be proud of his disciples, Alan Greenspan and George W. Bush.

Keynes? Keynes?

Real Answer: Ludwig von Mises market economy.

Call it supply side, call it market economy but it's anything but Keynesian.

[clintonh8r]

GDP surges 7.2%, fastest in 19 years...

Women, Children, Minorities to Suffer Most....

[solo gringo]

It is growing inspite of daschle and the do nothing democraps.I wish the flea's of a thousand camels would infest the armpits of the democrats.

[Eva]

I was referring to reducing the terror attacks in Iraq, not because the reconstruction is going badly, but because it would remove the last campaign complaint of the Democrat candidates.

[Husker8877]

I understand.

Of course lies are the only thing the evil dems have. That those lies put our soldiers at greater risk means absolutely NOTHING to them.

[69ConvertibleFirebird]

Damn! Damn! Damn! You realize several Freepers need to be on a suicide watch over this!

I know the ones you are refering to...