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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Hope Praytochange who wrote (82751)11/21/2006 4:59:40 PM
From: Kenneth E. Phillipps  Read Replies (2) of 173976
 
Now, after the election, they tell us the truth.

White House cuts economic growth forecast
Council of Economic Advisers says GDP to slow for remainder of year and in 2007, blaming weakness on housing.
November 21 2006: 3:03 PM EST

NEW YORK (CNNMoney.com) -- The U.S. economy should experience slower growth than originally anticipated for the remainder of the year and in 2007, the White House said Tuesday.

The President's Council of Economic Advisers projected that economic growth would be slower than forecasted last June, with real gross domestic product growing 3.1 percent for all of 2006, down from June projections of 3.6 percent pace.

In 2007, the White House expects the economy to expand at a pace of 2.9 percent, lower than earlier predictions of 3.3 percent.

money.cnn.com
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