Posted on 05/29/2008 6:02:21 AM PDT by tobyhill
WASHINGTON - The economy plodded ahead at a 0.9 percent pace in the first quarter — slightly better than first estimated — but still underscoring caution on the part of consumers and businesses walloped by housing, credit and financial problems.
The new reading on gross domestic product, released by the Commerce Department on Thursday, was an improvement from the government’s initial growth estimate for the January-to-March quarter as well as the economy’s performance in the final quarter of last year. Both periods were pegged at a 0.6 percent growth rate.
Gross domestic product, or GDP, measures the value of all goods and services produced within the United States.
(Excerpt) Read more at msnbc.msn.com ...
Dooooommmmmmmmm!
It’s the apocolypse, mass hysteria, dogs and cats living together.
We’re all gonna Die!
HOW CAN THIS BE!!!!!!???? Oh -- BUSH'S FAULT!!!
Pelosi and Reid outraged.
I’m self-employed, and depend on a community of customers to be able to spend money on my service. It’s an affluent community. So far I’ve seen very little fallout from the high gas/food prices, housing crash, etc. It’s been a relief. Business is steady and strong.
The gas prices have affected me. I definitely drive less, and slower too. Electric bill is affordable. But $80 fillups are rough. .4-.9 growth is sluggish. How much of that is gas related. Will gas prices ever come down?
And deeply saddened.
liberals groaning nationwide
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