Thursday, August 28, 2008

Burying the lede

Good economic numbers for the 2nd Quarter. [Link]

The Democrats have been talking about how awful the economy is, but the revised 2nd quarter economic numbers released today show the economy grew 3.3% from April - June. An inconvenient truth for the Democrats in Denver who have been celebrating a soft economy that they believed worked to their benefit. From the AP:

The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.

The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government's initial estimate of a 1.9 percent pace and exceeded economists' expectations for a 2.7 percent growth rate.


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