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 ...
Then our nom de guerre should be, "Mo Conservatives."
From zing to Ebonics in one swell foop. :-)
You're pretty cool yourself, SW. ;-)
I registered Republican at age 18.
Then, as you know, when the CA repubs wouldn't support Simon against Davis, the local central committee and candidates for "non-partisan" office went nuts and the White House kept shovin Parsky down the throats of the CA GOP... I voted for Simon, then went to the Post Office and re-registered "Decline to State" in total, abject disgust!!!
I tried to help in everyway I could think of, but the Party just got more and more messy and I just couldn't identify with the circular firing squad anymore! I'll rejoin someday, because I can't even remember ever voting for anything or anyone even slightly liberal or Democrat, and certainly NEVER anyone "moderate!"
What can I say. I'm a glutton for punishment.
You can say that you are much more long-suffering, patient and consistent than the Waspman! But sometimes one just has to know when you're not appreciated anymore and be ready to pee on the fire and leave... I guess, but that's really hard! Burning bridges can be even worse, but thank God for "short-term-memory-loss" syndrome, sometimes. (specially when ya hafta come slinkin back with yer tail between yer legs)
Can someone help out? I didn't save a copy of that either.
Yooooooooo hooooooooo...over here! :-)
Nah, too lazy to change something that ain't going to make a damned bit of difference!
Well, I certainly can't argue with that as that's my biggest excuse in all honesty!!!
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