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Politics : PRESIDENT GEORGE W. BUSH

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To: Thomas A Watson who wrote (484475)10/31/2003 12:18:10 PM
From: microhoogle!  Read Replies (2) of 769670
 
While 7.2% GDP growth is impressive in a listless environment.... what part of economy do you like? Jobless recovery?

That 7.2% is being attributed to Child Tax Credit (by administration, if I may add) -- a one time thing

How do you react to the following ?


Real personal consumption expenditures, adjusted for inflation, fell 0.6 percent in September after rising an upwardly revised 0.8 percent in both July and August, the government agency said.


This only means that either people were saving or worse, due to joblessness, there was not enough to spend.

However, I do recommend that you gloat over 7.2% figure for now. You won't get that kind of growth in near future.
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