Thursday, August 28, 2008

Bad news for Democrats

The economy grows at a faster rate than expected.
I wonder if the Democrats and the many pundits in the mainstream media who regularly bray about recessions etc will even acknowledge this:

"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."