But, credit, houses, mortgages are all killing Americans.
No, wait that comes from the MSM cannot be trusted.
yeah, but...but....there are 50 gazillion Americans without health insurance!!!!
Puts the Fed in an even tougher spot; the equity markets are howling for another rate cut, but these numbers are going to increase concern over inflation.
Oh Snap!!
Harry Reid is saddened. Nancy Pelosi hates this news. Democrat candidates on suicide watch.
We’re doomed..........
It’s actually very good! It’s easy to show huge gains when you start with little to nothing as is the case in developing nations. In established and developed economies such as the US, 4% growth is actually very impressive. Denmark for example is doing fairly well, and they are sitting at 3.5%. France and Germany are nearly half with 2.2 and 2% respectively. The point is that you should not expect 10% growth in a developed economy, and 4% is already on the impressive side.
Frankly, though I’m 100% in support of the war, the war and the rising cost of oil has had a negative impact (Of course for others as well) and we probably could be punching out even higher rates if it were not for these drains on us. I imagine that the conservative estimates bellow 4% by some was largely based on oil prices.
The MSM will just re-run 'the subprime meltdown' instead.
Bush’s fault.
Democrats and media are deeply saddened
First time I went to the link the GDP story was there. Now it’s a story about new home sales. But there is another story that talks about a 3.9% GDP’s 3.9% Was the 4.9% story in error?
Ben Bernanke, please pick up the nearest Red Inflation Telephone.
Mr. Bernanke, Uncle Miltie is on line 1, and he doesn’t sound happy.
< / page>
My goodness ... it’s like your child get one A after another after another ... and you’re worrying, omygod, what if Johnny gets a B.
“Economy Grew 4.9% in 3rd Quarter, Up From Previous Estimate of 3.9%”
I blame Bush.
Isn't this the phrase that's been inserted into nearly all stories on the economy during the Bush administration?
Is this adjusted for the falling value of the dollar? We know inflation is being grossly under represented. Just go buy lunch somewhere and think what did a sandwich cost last year? Or go to a candy machine where stuff cost 65 cents 2 years ago, 75 1 year ago and $1 today.
Can’t wait to talk to local retiree who was so effected by the recent market correction, everyday he was doom and gloom until I iterated all the good things, to which he did know businesses were doing very well. He must just watch CNN all day.
Never mind.
DOOMED!