Economy continues to grow at healthy pace
News Release: Gross Domestic Product
These advance estimates are almost always revised up a few tenths of a point ... Regardless, we have our ninth consecutive quarter of greater than 3% GDP growth ... By our calculations, this has not happened since 1986.
Something else interesting we noticed while running through the numbers: Check out 1992. The very economy the Clinton-Gore team were calling the worst since the Great Depression (sound familiar?) grew by ... 4.15%!
In 2000, under those very same "geniuses" it grew at a rate of ... 2.25% (and falling).
America's first teenaged president inherited a vigorous recovery previously described as a near depression. With the help of a lapdog press, he took credit for it despite slowing it down before the voters elected a GOP Congress to babysit him.
George W. Bush inherited an economy on the brink of recession ... to say nothing of the corporate scandals of the '90's --"Decade of Greed", anyone? -- and 9/11.
Someone somewhere owes both Presidents Bush an apology ...
Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.4 percent in the second quarter of 2005, according to advance estimates released by the Bureau of Economic Analysis. In the first quarter, real
GDP increased 3.8 percent.
The Bureau emphasized that the second-quarter "advance" estimates are based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3). The second-quarter "preliminary" estimates, based on more comprehensive data, will be released on August 31,
2005.
...
-more-
These advance estimates are almost always revised up a few tenths of a point ... Regardless, we have our ninth consecutive quarter of greater than 3% GDP growth ... By our calculations, this has not happened since 1986.
Something else interesting we noticed while running through the numbers: Check out 1992. The very economy the Clinton-Gore team were calling the worst since the Great Depression (sound familiar?) grew by ... 4.15%!
In 2000, under those very same "geniuses" it grew at a rate of ... 2.25% (and falling).
America's first teenaged president inherited a vigorous recovery previously described as a near depression. With the help of a lapdog press, he took credit for it despite slowing it down before the voters elected a GOP Congress to babysit him.
George W. Bush inherited an economy on the brink of recession ... to say nothing of the corporate scandals of the '90's --"Decade of Greed", anyone? -- and 9/11.
Someone somewhere owes both Presidents Bush an apology ...
posted by Mr. Buzzcut at 10:51 PM
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