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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Hope Praytochange who wrote (694590)7/31/2005 9:12:43 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 769670
 
Flopper, you refer to the latest Q2 numbers --- will will, most likely, be subject to further revisions as so many of the earlier numbers have been.

I referred to the most recent revisions... which indicated a fairly significantly slower rate of growth over the past three years then was originally reported... making the rebound after the recession the *least vigorous* one since WW II.

The U.S. economy was weaker over the past three years than previously estimated, while inflation was moderately higher, the Commerce Department said Friday.

Instead of growing at a 3.1% annual rate in the three years from 2002 through 2004, the economy actually grew at a 2.8% pace, the government said.