PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Baldur Fjvlnisson who wrote (282198)	7/31/2002 9:15:11 AM
From: Arthur Radley	Read Replies (2) of 769670

Yeah! Seem Shrub has been caught lying to the American people one more time....Seems like only yesterday that he was spouting off above how rosey everything was in the American economy....HELL! It was yesterday...but reality has come to light. "Economic Growth Slowed Abruptly 2nd Qtr. Wed Jul 31, 8:40 AM ET WASHINGTON (Reuters) - U.S. economic growth faltered sharply during the second quarter and began the year at a slower pace than previously thought, the government said on Wednesday in a report that also confirmed a prolonged economic downturn last year. The Commerce Department ( news - web sites) said gross domestic product, or GDP ( news - web sites), advanced at a 1.1 percent seasonally adjusted annual rate during the April-June second quarter -- half the 2.2 percent rate estimated by Wall Street economists. That followed a revised 5 percent rate of increase in the first quarter that previously was reported as a more robust 6.1 percent gain. As stock prices tumbled and accounting scandals multiplied

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