November 30, 2005

Economic Growth Revised "Up"

Third-Quarter GDP which originally clocked in at a solid 3.8% has now been revised to an even more robust 4.3%.

The upwardly revised reading for GDP in the third quarter also exceeded the expectations of business analysts. Before the report was released, they were forecasting the economy to clock in at a 4 percent pace.

Consumers and businesses did their part to keep the economy rolling — even as they coped with elevated energy prices during the third quarter.

Must be all those Bush "tax cuts for the rich", huh?

Add this news to the rise in consumer confidence, the surge in home sales and the Dow approaching the 11,000 mark and it's easy to see why Democrats are putting all their eggs in the "Iraq" basket.

Posted by: Gary at 11:00 AM | No Comments | Add Comment
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