Thursday, August 28, 2008

Second Quarter GDP Growth Rate Revised to 3.3%

You know that Barack and his fellow socialists are unhappy about this:

WASHINGTON -- The U.S. economy was much stronger in the spring than first thought because of better exports and less inventory liquidation by businesses, according to a government report that surprised economists.

Gross domestic product rose at a seasonally adjusted 3.3% annual rate April through June, the Commerce Department said Thursday in a new, revised estimate of second-quarter GDP.
Originally, the government had estimated second-quarter 2008 GDP climbed 1.9%. First-quarter GDP increased 0.9%.

Democrats want the economy to falter, so they can increase their government intervention and make it even worse.

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