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Economy Grows Better Than Expected
AP MyWay ^ | Feb 25, 2005 | By JEANNINE AVERSA

Posted on 02/25/2005 7:40:47 AM PST by Lazamataz

WASHINGTON (AP) - The economy grew at a solid 3.8 percent annual rate in the final quarter of 2004 - stronger than previously estimated- and an encouraging sign that the business expansion was firmly entrenched at the start of the new year.

The new reading on gross domestic product, released by the Commerce Department Friday, was better than the government's initial calculation made a month ago. That estimate showed the economy growing at a 3.1 percent pace.

The improvement reflected more robust spending by businesses on capital equipment and to build up inventories of goods. The trade deficit also was less of a drag on fourth-quarter growth than initially thought.

GDP, the broadest barometer of the country's economic health, measures the value of all goods and services produced within the United States.

The new fourth-quarter GDP figure also was better than the 3.5 percent growth rate that economists had forecast in advance of Friday's release by the Bureau of Labor Statistics.

Although economic growth in the final quarter of last year was a bit slower than the 4 percent pace measured in the third quarter, the performance was still solid.

(Excerpt) Read more at apnews.myway.com ...


TOPICS: Breaking News; Business/Economy
KEYWORDS: bushrecovery; thebusheconomy; wgids
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Willie Green on suicide watch. ;^)
1 posted on 02/25/2005 7:40:47 AM PST by Lazamataz
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To: Willie Green

DON'T DO IT MAN! LIFE IS WORTH LIVING!

;^)

2 posted on 02/25/2005 7:42:06 AM PST by Lazamataz (Proudly Posting Without Reading the Article Since 1999!)
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To: Lazamataz; Pikamax; SierraWasp

Ping

"Willie Green on suicide watch. ;^)"

Got that right.


3 posted on 02/25/2005 7:42:19 AM PST by roaddog727 (The marginal propensity to save is 1 minus the marginal propensity to consume.)
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To: Lazamataz

Bush's fault!


4 posted on 02/25/2005 7:49:03 AM PST by Conspiracy Guy (Reading is fundamental. Comprehension is optional.)
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To: Lazamataz
Analysts are hoping that with the economy moving ahead solidly, companies will feel more inclined to step up hiring in the months ahead.
This is a good time to ask for a raise.

Start sending memos to your boss every time you have an an exceptionally good performance, or a customer calls to thank you for your exceptional service.

After a couple of months, if the unemployment rate keeps dropping, you'll be ready to ask for the raise or look for greener pastures elsewhere.

5 posted on 02/25/2005 8:12:28 AM PST by george wythe
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To: roaddog727; Lazamataz; Grampa Dave; Dog Gone; snopercod
French Finance Minister quits as jobless hits 10%
Last Update: 2/25/2005 10:56:25 AM

LONDON (MarketWatch) -- Finance Minister Herve Gaymard resigned on Friday after less than three months on the job amid a scandal over his taxpayer-funded Parisian apartment and as the French unemployment rate rose to 10 percent. FTE

6 posted on 02/25/2005 8:31:22 AM PST by SierraWasp (The Dems have lost whatever "redeeming social value" they ever had!!! Just ask Zell...)
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To: SierraWasp

"French Finance Minister quits as jobless hits 10%"

Best news I've heard all week - even beter than the US Economic news reported on this thread.

Bwaaaa

HHhhhhhhhhaaaaaaaaaa

HAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA


7 posted on 02/25/2005 8:39:37 AM PST by roaddog727 (The marginal propensity to save is 1 minus the marginal propensity to consume.)
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To: roaddog727

Yeah... It must really suck to be France, French, or "Old Europe" right now!!!


8 posted on 02/25/2005 8:49:43 AM PST by SierraWasp (The Dems have lost whatever "redeeming social value" they ever had!!! Just ask Zell...)
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To: Lazamataz

bump to send to my sad, liberal relatives!!


9 posted on 02/25/2005 8:50:41 AM PST by lilmsdangrus (hard work musta hurt somebody, somewhere....)
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To: roaddog727

Is Little Tommy Daschle still deeply saddened by this kind of news?

Or is he happy since he's looking for a job now?


10 posted on 02/25/2005 8:51:33 AM PST by HRoarke ("There cannot be an absence of moral content in American foreign policy,..We are not Europe")
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To: SierraWasp

Couldn't happen to a nicer guy.....


11 posted on 02/25/2005 9:00:40 AM PST by roaddog727 (The marginal propensity to save is 1 minus the marginal propensity to consume.)
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To: roaddog727

DJIA... $10.8+ an smokin!!! (how 'boutcha roaddog, ya gotta copy, 10.4?)


12 posted on 02/25/2005 9:03:23 AM PST by SierraWasp (The Dems have lost whatever "redeeming social value" they ever had!!! Just ask Zell...)
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To: SierraWasp

4 on the floor out 'cher back door good buddy.

I'm lookin for the DJIA to go past 12K this year. Hopefully I'm underestimating here.

All the fundamentals are in place and solid.


13 posted on 02/25/2005 9:09:07 AM PST by roaddog727 (The marginal propensity to save is 1 minus the marginal propensity to consume.)
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To: SierraWasp

He is leaving not because of the economy but because the Frog taxpayers paid for his shack up place, he was exposed for doing that.


14 posted on 02/25/2005 10:30:35 AM PST by Grampa Dave (The MSM has been a WMD, Weapon of Mass Disinformation for the Rats for at least 4 decades.)
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To: Grampa Dave
The little blip I posted above says both are the reasons... I just wanna see that FR Belly Girl holdin that sign that says: "Hey France! You Shut the hell up! While we save civilization!!!"

That graphic just cracks me all the way up!!!

P.S.

Hay! Closer to home... How come you cain't order us up a rain free weekend after that 3-Day Presidents Day rainy wipe-out we had last week-end? Huh???

15 posted on 02/25/2005 12:10:29 PM PST by SierraWasp (The Dems have lost whatever "redeeming social value" they ever had!!! Just ask Zell...)
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To: Lazamataz
Quick, release DNC "yeah, but..." talking points:

Yeah, but it's jobless growth.

Yeah, but they were low-paying jobs.

Yeah, but all the new jobs didn't offer healthcare.

Yeah, but 45M imaginary Americans have no healthcare.

Yeah, but Bush blew Clinton's budget surplus.

Yeah, but only the rich white Republicans profited.

Yeah, but blah, blah, blah...

16 posted on 02/25/2005 12:12:31 PM PST by DTogo (U.S. out of the U.N. & U.N out of the U.S.)
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To: Lazamataz

So...so you mean John F'ing Kerry was wrong?

Hehe, thats gotta suck.


17 posted on 02/25/2005 12:16:41 PM PST by trubluolyguy ("You think that's tough, try losing a testicle in a knife fight with your mother")
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To: Lazamataz; Willie Green
LIFE IS WORTH LIVING!

No it ain't! They've outsourced suicide hotlines to Bangladesh!

;-)

18 posted on 02/25/2005 12:18:41 PM PST by dighton
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To: Lazamataz

LOL LOL

The worlds gonna end and it's all Bush's fault!!!


19 posted on 02/25/2005 12:24:21 PM PST by MikefromOhio (The DUmmies: Showing us daily how screwed up people can really be!!!!)
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To: Lazamataz

Nooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


20 posted on 02/25/2005 12:30:23 PM PST by Fury
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