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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth

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To: PartyTime who started this subject6/26/2004 1:22:26 AM
From: TigerPaw  Read Replies (2) of 173976
 
The U.S. economy grew at a 3.9% annual rate, more slowly than previously thought, in the first quarter while inflation was higher, a government report showed on Friday.

usatoday.com

The surprise downward revision to gross domestic product — which measures total output within the nation's borders — cut growth in the first three months of 2004 from the 4.4% reported a month ago and below the 4.1% in the final quarter last year.

The government also ratcheted up a key gauge of inflation, confirming an acceleration in prices that has fueled expectations the Federal Reserve will begin raising interest rates next week to head off inflation.

<font color=blue>Surprise? there's no surprise, The Bush league has been lying as usual.

TP
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