Economy Growth Is Best in a Year

AP via Yahoo.com ^ | July 27, 2007 | Unattributed

[gpapa]

WASHINGTON (AP) -- The economy snapped out of a lethargic spell and grew at a 3.4 percent pace in the second quarter, the strongest showing in more than a year. A revival in business spending was a main force behind the energized performance.

The new reading on gross domestic product, released by the Commerce Department on Friday, marked a big improvement from the first three months of this year, when economic growth skidded to a near halt at just a 0.6 percent pace, the slowest in more than four years.

Stronger spending by businesses and government powered the rebound in the April-to-June quarter. Individuals, however, tightened their belts as they coped with high gasoline prices and the ill effects of the housing slump. The sour housing market continued to weigh on national economic activity in the spring but not nearly as much as it had in previous quarters.

[BlabItGrabIt]

think how well the markets are going to do with Mrs. Clinton running this world again.....

/s

[blitzgig]

Damn that Bush!! It’s all his fault!!

LOL ;)

[phillyfanatic]

Watch the MSM and Dems try to whine about the last week’s Dow drop. Still, investors know that this economy is strong because of the tax cuts. Too bad the GOP is so timid to come out and explain that to the voter. The MSM will brainwash the voters in believing the economy is horrid. What a lie but lies work in politics. It would be nice to see Rudy, Fred and Mitt talk about the economy too. That would at least get some coverage.

[noamnasty]

I don’t see any boost in economy . i also don’t see any difference in the two parties . I don’t know what else the republicans and the democrats have to do to this nation for us to wise up . Our only hope is an American loving independent ,imo . Just because most of the republicans changed their votes on the criminals who invade us, doesn’t excuse the facts that they first voted for the illegals, until we forced them to change . Now they have a back door amnesty, called ‘ Sanctuary Movement ‘ .All the illegals are still working, renting and getting free tax funded medical care . Bush and Fox’s Super Corridor from S.Mexico to Canada is still under construction down in S.Texas for the Mexican truckers .I just went on a trip and our highways have never looked worse ! Trash and tire pieces all over the mediums .

[phillyfanatic]

Well, Pubs are for permanent tax cuts. They are in favor of free enterprise, the Dems are not. The Pubs generally work in the capitalistic mode of opportunism while the Dems prefer socialism. Aside from this week’s Dow slide, the economy has been roaring along. You need to read the WSJ more and understand how economic stats are kept. There is a huge difference from the way both party’s deal with interest rates, the market system, supply and demand and who their heroes are as far as economists. The Dems love Beard, Keynes, while the Pubs love Friedman, Laffer. A world of difference.

[TeddyIke]

Check the revisions on the GDP numbers over the last 2 years. All downward revisions. We have done anything but roar along. This is touted as the best number in 3 years? Its a pretty average number. And now with the housing bust starting in earnest? I’m battening down the hatches for a couple of years. I have been safe in European stocks for the last 2 years. I moving everything to fixed income.

[noamnasty]

I am a stanch capitalist ! But what is going on now is not capitalism . Also i can’t stand anything the dems stand for, to me they are socialist and communist . I get sick everytime i see one of them, but it is getting to where I feel the same way about the so caled republicans who send our jobs overseas, import more than export and have become the poster boys for the invasion and takeover of my nation .

Party worship will be the end of this nation . i don’t see much difference in the two party’s anymore . I don’t know what else it will take for my fellow countrymen to wake up and clean house ! We can do it with ballots but we will never do it again with bullets.

[BlabItGrabIt]

CNBC runs this economy so watch and listen for their spin on headline news next week, for “It’s the Economy, Stupid” went over big fourteen years ago and memories are 90-days long...

[noamnasty]

Big business runs the economy . They also now run our agriculture and food supply . Thats why our food is not safe anymore . The dollar is the bottom line with them ,not safety ,but production. They have put farmers out of business, made some of our seed stock sterile , put hormones, antibiotics and steroids in our meat, maybe even killed off the bees which without we can’t survive very long. Imported poison and unclean food. I got very sick from recalled peanut butter a few months ago.WHO would have though peanut butter could be infected ?