Friday, February 25, 2005

Economic Growth For 2004 Much Better Than Previously Thought

Woh! Indeed, the economy at the end of 2004 at least was red hot. AP reports:

The Commerce Department said gross domestic product, the gauge of total goods and services production within U.S. borders, grew at a revised 3.8 percent annual rate in the final three months of last year instead of 3.1 percent reported a month ago. That was slightly stronger than the 3.7 percent rate that Wall Street economists had forecast and only a small decline from the third quarter's 4 percent pace.


Why is this signifigant? Because George W. Bush had been saying all through the election that "the economy is strong and getting stronger". It turns out he was correct. And will the naysayers and partisan politicos give him credit for this? Nope. They can't. To do so is to admit that President Bush was not only the man elected in the 2004 election but that he was the right choice indeed.



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