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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (19519)	4/30/2004 11:31:26 PM
From: CalculatedRisk	Respond to of 81568

re: Mark Haines. I cannot comment on anything I have not heard or read. Perhaps you just misinterpreted what he said. You wrote: "The economy has grown 20% for 4th consecutive quarter." As I wrote earlier, GDP growth has been solid, although a significant portion is due to defense spending. Here are the last 4 quarters GDP ANNUAL growth rate: Q2 2003: 3.1% Q3 2003: 8.2% Q4 2003: 4.1% Q1 2004: 4.2% SOURCE: bea.doc.gov Those are ANNUAL rates, so the growth is no where near 20%; closer to 4.8%. As I wrote: "That is not bad, but considering the $682 Billion in deficit spending (over last 12 months) and 1% emergency rates, it is worrisome. "