05-01-2008, 03:34 PM
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Wordy is just stuck in Democrat fear-mongering mode. There is no recession, only election year propaganda from a desperate political party. Quote: What Recession? First Quarter GDP Shows Modest But Better-Than-Expected Growth
Wednesday, April 30, 2008
The nation's economy grew at a modest but better-then-expected pace last quarter, posting a 0.6 percent increase despite the continuing housing and credit problems plaguing many Americans.
Many analysts were predicting gross domestic product (GDP) growth would come in at 0.5 percent during the January — March 2008 period. Earlier this year, some economists thought the economy actually would lurch into reverse during the opening quarter.
The latest numbers reported Wednesday by the Commerce Department also did not meet what economists consider the classic definition of a recession, a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if the growth is modest...
| FOXNews.com - What Recession? First Quarter GDP Shows Modest But Better-Than-Expected Growth - Local News | News Articles | National News | US News |