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Economy Rebounds Smartly in 1st Quarter (4.8% Growth!!)
Posted on 04/28/2006 5:36:36 AM PDT by Lunatic Fringe
WASHINGTON - Casting off an end-of-year lethargy, the U.S. economy bounded ahead in the opening quarter of this year at a 4.8 percent pace, the fastest pace of growth in 2 1/2 years.
The latest report on the economy, released by the Commerce Department on Friday, showed that consumers, businesses and government all did their part in terms of robust spending and investment to spur a healthy pace of growth in the January-to-March quarter.
The 4.8 percent increase in the gross domestic product marked a vast improvement from the feeble 1.7 percent annual rate registered in the final quarter of 2005, when fallout from the Gulf Coast hurricanes, including high energy prices, prompted people and companies to tighten their belts.
The GDP measures the value of all goods and services produced within the United States and is considered the best barometer of the economy's fitness.
The first quarter's performance — the best showing since the third quarter of 2003 — was close to economists' expectations. Before the report was released, private analysts were forecasting the economy to clock in at a 4.9 percent growth rate.
TOPICS: Breaking News; Business/Economy
KEYWORDS: bushsfault; thebusheconomy; wgids; worsteconomyever
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WOW.
To: Lunatic Fringe
To: Lunatic Fringe
Bush's fault.
Oh, wait a minute......
3
posted on
04/28/2006 5:38:22 AM PDT
by
wolfpat
(Dum vivimus, vivamus.)
To: mainepatsfan
4
posted on
04/28/2006 5:38:59 AM PDT
by
wolfpat
(Dum vivimus, vivamus.)
To: Lunatic Fringe; Toddsterpatriot; martin_fierro
Someone alert the blogpimpin daddy! That housing bubble is gonna blow!
5
posted on
04/28/2006 5:41:03 AM PDT
by
Petronski
(I love Cyborg!)
To: Lunatic Fringe
And what will Mrs. Pelosi say about this growth rate? Hmmm. "Yeah, but what kind of jobs are being created?" Any other thoughts on this?
6
posted on
04/28/2006 5:41:06 AM PDT
by
RexBeach
("There is no substitute for victory." -Douglas MacArthur)
To: wolfpat
The Democrats will be redoubling their efforts to talk down the economy (and everything else)now. They are truly evil and so negative.
Most of the Republicans remain positive but I mostly want them to go negative on Democrats for a short time just to prove they have some backbone.
7
posted on
04/28/2006 5:41:31 AM PDT
by
BookaT
(My cat's breath smells like cat food!)
To: Lunatic Fringe
8
posted on
04/28/2006 5:42:43 AM PDT
by
Pokey78
(‘FREE [INSERT YOUR FETID TOTALITARIAN BASKET-CASE HERE]’)
To: RexBeach
She'll claim it would have been at 7.5% if the Dems were in charge.
To: Lunatic Fringe
BUSH = HOOVER!
BILLIONS OF AMERICANS IN POVERTY!!
SOUP LINES FOR MILES!!
10
posted on
04/28/2006 5:44:54 AM PDT
by
xrp
(Fox News Channel: MISSING WHITE GIRL NETWORK)
To: Lunatic Fringe
Im so sick of this crap-tastic economy!
11
posted on
04/28/2006 5:44:56 AM PDT
by
VanDeKoik
(Quick! Press the Sarcasm button!)
To: Petronski
To: Lunatic Fringe
To: RexBeach
Yup. It's amazing that the wealthiest country on the planet is built on McDonald's jobs. [/sarcasm]
14
posted on
04/28/2006 5:46:14 AM PDT
by
Lunatic Fringe
(http://ntxsolutions.com)
To: Lunatic Fringe
I'm glad to hear that the economy is rebounding -- that was quite a Recession we had 3 or 4 months ago, wasn't it? [/sarcasm]
15
posted on
04/28/2006 5:47:12 AM PDT
by
ClearCase_guy
(Never question Bruce Dickinson!)
To: mainepatsfan
She'll claim it would have been at 7.5% if the Dems were in charge.IT WOULD BE IF BUSH WASN'T TO CUDDLY WITH BIG OIL AND GAS PRICES WERE SO HIGH! /sarcasm
16
posted on
04/28/2006 5:47:39 AM PDT
by
xrp
(Fox News Channel: MISSING WHITE GIRL NETWORK)
To: Lunatic Fringe
from the feeble 1.7 percent annual rate The French wouldn't think that's feeble.
17
posted on
04/28/2006 5:48:40 AM PDT
by
Tribune7
To: Lunatic Fringe; Willie Green
Good news - just had to share it with our favorite doom and gloomer.
Smile Willie - The economy is the last thing we need to worry about in our slide into socialism.
18
posted on
04/28/2006 5:49:28 AM PDT
by
trebb
("I am the way... no one comes to the Father, but by me..." - Jesus in John 14:6 (RSV))
To: Lunatic Fringe
Russert on Sunday... "US sees less than half the growth that China (4.8 versus 10%) because of rising gas prices. What has Bush done to the economy? Are we headed toward depression? New home starts are depressed to 14% due to increasing interest rates that shut out the poorest home buyers.
Our panel of marxists and economic progressives tells us how the state can solve all your problems, this morning on Meet Depressed.
19
posted on
04/28/2006 5:52:01 AM PDT
by
newnhdad
(All your government branches are belong to us!! not for long if this cr@p keeps up.)
To: Lunatic Fringe
HOOVER ECONOMY!
20
posted on
04/28/2006 5:52:43 AM PDT
by
Recovering_Democrat
((I am SO glad to no longer be associated with the party of Dependence on Government!))
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