BUT, I thought it was a RECESSION...

[GarMan]

This isn't exactly "front page" news, thanks to our fair and balanced lamestream media, but this can't be good for the doom-and-gloom Dummycraps during their convention (read: circus side-show).

http://www.msnbc.msn.com/id/26436824

Economy shifted to higher gear in the spring
GDP revision shows economy growing at fastest pace in nearly year

WASHINGTON - The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.

The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government’s initial estimate of a 1.9 percent pace and exceeded economists’ expectations for a 2.7 percent growth rate.

The rebound comes after two dismal quarters. The economy actually shrank in the final three months of 2007 and limped into the first quarter at a feeble 0.9 percent pace. The 3.3 percent growth in the spring was the best performance since the third quarter of last year, when the economy was chugging along at a brisk 4.8 percent pace.

Still, the growth pickup is not likely to be seen as a lasting sign that the fragile economy is back on solid ground.

Federal Reserve Chairman Ben Bernanke recently warned the economy will be weak through the rest of this year. A growing number of analysts fear that the country will hit another economic pothole in the fourth quarter, as the bracing impact of the tax rebates disappears. And there are concerns exports could tail off as other countries’ economies slow down.

GDP measures the value of all goods and services produced within the U.S. and is the best barometer of the country’s economic health.

Wait a minute!  That was a "brisk 4.8%" last year?  I thought our economy was in trouble for the last several years. 

Those damn facts ruin everything. 

[tiger88]

GWB is a doofus in some ways, but he has probably been the biggest victim of the press ever afa presidents go.

I agree with those who have said that with the recent reporting on obama and other political issues that it has been the death of political journalism in many ways.

[Tarheel]

GWB is a doofus in some ways, but he has probably been the biggest victim of the press ever afa presidents go.

I agree with those who have said that with the recent reporting on obama and other political issues that it has been the death of political journalism in many ways.

I was listening to a Democrat co-working recently lamenting how vilified poor little Hillary has been this political season "she's probably the most vilified politician in history", he said.  I had to remind him that President Bush has that title not "poor little Hillary".

[Tarheel]

...
Wait a minute!  That was a "brisk 4.8%" last year?  I thought our economy was in trouble for the last several years. 

Those damn facts ruin everything. 

Well, you forget GarMan that the Democrats Socialists and their media friends constantly change the archetype of a good economy; they've got to spin it in some way that makes it politically beneficial for them like Bubba naming off those bullshit statistics in his great speech last night at the Socialist carnivale.