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Economy growth beats estimates.

Discussion in 'U.S. Politics' started by Andy, Jun 1, 2008.

  1. Andy

    Andy Well-Known Member

    Jan 6, 2008
    Likes Received:
    Those nay sayers with claims of recession should listen up. Not only is the economy not in a recession, it's actually growing faster than expected.

    CNN Money now admits "U.S. gross domestic product grew at 0.9% annual rate in first quarter, stronger than initial 0.6% reading.".

    Point being, we were not, are not, and it is possible we will not be in a recession. A recession for those who do not know, is two consecutive quarters of negative... as in, not low growth, but negative growth, in a row. That's 6 months. We have yet to have a first quarter of negative growth, contrary to the claims of some in the media.

    The earliest we could possibly have a recession is the start of next year, which will humor me to no end if Obama wins.

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