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Politics : PRESIDENT GEORGE W. BUSH
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To: JakeStraw who wrote (532834)1/30/2004 1:56:12 PM
From: Lizzie Tudor  Read Replies (2) of 769667
 
oh come on! Issuing a statement from John Snow? Just take everything that guy says and invert it, I say.

For all of 2003, gross domestic product increased 3.1 percent, the fastest since 2000. The core personal consumption expenditure price index increased at an annual rate of 0.7 percent in the fourth quarter, the lowest quarterly gain since 1962, and just 1.2 percent for the year, matching a 38-year low.

Ian Shepherdson, the chief U.S. economist with High Frequency Economics, attributed the miss to "much softer government spending" than expected, but he maintained that the performance was good, noting that analysts initially anticipated a bigger pullback following the mammoth 8.3 percent surge in GDP in the third quarter.
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