November 26, 2014

MAN, WE BARELY GOT THAT ELECTION IN UNDER THE WIRE:

U.S. GDP grows at better-than-expected 3.9% pace in third quarter (JIM PUZZANGHERA, 11/25/14, LA Times)

While economic growth in much of the world slowed, the U.S. recovery hummed through the summer at an unexpectedly robust pace and posted its best six-month performance in 11 years.

The nation's gross domestic product, the broadest measure of economic activity, grew at a 3.9% annual rate in the third quarter of the year, the Commerce Department said Tuesday.

The figure was unexpectedly better than the 3.5% annual rate the government reported in its first estimate last month. Economists had forecast the growth rate would be revised down to 3.3%

The GOP needs to pass a few phoney-baloney bills right quick, to make sure we share credit for the long boom.

Posted by at November 26, 2014 8:56 AM
  

blog comments powered by Disqus
« ALL COMEDY IS CONSERVATIVE: | Main | THAT'S WHAT NORMS ARE FOR: »