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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: philv who wrote (19380)10/30/2003 7:12:28 PM
From: sea_urchin  Read Replies (1) of 81900
 
Phil > How about bullshit baffles brains

apnews.myway.com

>>>The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence.

The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday.

The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States.

President Bush's spokesman, Scott McLellan, told reporters aboard Air Force One en route to Columbus, Ohio, that "today's numbers are another positive sign" that the president's strategy for boosting the economy by cutting taxes "is working, getting more money into people's pockets."

Federal government spending, which grew at a 1.4 percent rate, was only a minor contributor to GDP in the third quarter. Spending on national defense was flat. But in the second quarter, military spending on the Iraq war - which grew at a whopping 45.8 percent rate - helped to catapult economic growth.

A better trade picture in the third quarter also contributed to GDP growth. <<<

And some people are worried about a little debt!
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