US News
US first-quarter growth revised up to 1 per cent
Jun 26, 2008, 13:43 GMT
Washington - The United States economy grew by an annualized 1 per cent in the first quarter of 2008, the Commerce Department said Thursday, revising upwards an earlier estimate and further easing concerns that the world's largest economy may have entered a recession.
The government's final figure for seasonally-adjusted growth was up from an earlier estimate of 0.9 per cent for the first three months of the year. The economy grew by 0.6 per cent in the fourth quarter of 2007.
US growth was held up mostly by strong exports - buoyed by a weak dollar - and spending in the services sector, but the housing market and durable goods purchases remain sluggish, the department said.
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Older Talkback
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Oh, so the economy isn't as bad as first thought?? Tell that to the millions of people who are suffering!
the stock market closed at 1999 levels today - that is what Bush and deregulation are all about - they had record profits and guess who got them all - that is what deregulation is - massive profits for the top 1 per cent of the top 1 per cent with no trickle down
the economy grew for them - wow I'm so delighted for them
..this is wierd recession...the economy is
GROWING!
After 30 years in the private sector, I now have a new definition of recession:
Less-than-Massive Growth.
Don't like the economy????Let's recap:
High gas prices - Obama says it's no big deal! Bush, correctly, told you to go drill domestically, and you thumbed your noses at him, then bought an SUV.
How's that working now?
Mortgage Blowout? - Bush doesn't loan money for homes, after all, that's COUNTRYWIDE's job, and to loan it to the likes of Senator Obama and Sen. Chris Dodd. - Go ask them why...
Other dem-lib successes:
Ethanol from grain- thanks to dem libnazi alt fuels wanking, you are now getting it upp the ass on food.
No new refining for the last 30 years.
No new manufacturing of steel, chemicals, parts, bearings, other metals and all the stuff we are now getting cornholed for.
Nonetheless, the Bush economic juggernaut just keeps chugging!
The economy is growing alright - it was reported today that there are more billionaires than ever in the U.S.
SP4...I know you and I are on completely different ends of the field, but why are taking the 'lie and hope it sticks' approach. Everything you say in your comments is a lie or only half true. I would think that a man of your means would have more class than that????
RE:'the stock market closed at 1999 levels today - that is what Bush and deregulation are all about - they had record profits and guess who got them all - that is what deregulation is - massive profits for the top 1 per cent of the top 1 per cent with no trickle down
the economy grew for them - wow I'm so delighted for them'
Given that you are a confirmed misanthrope, Jenny, I would think that you should be delighted by this. Surely you do not want large numbers of people being able to afford children, right? You advise us not to even adopt, children.
What do you think happens to these children who are never adopted? Why would you want them to grow up without a family? Oh, wait! I get it. You think that if they grow up without families they will either die or die sooner than people who were brought up in a family, right?
I have seen some nasty pieces of work in my time, but you take the cake, Baby.
case is weak to say the least. Please, please put a cork in it sp. Each day and each post you make, you embarrass yourself and besides being sad, it's getting old.
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..and this is why we need to surrender in Iraq...Jun 26th, 2008 - 13:52:42
Gee democrats, hurry up and trash the economy so you can help elect someone who will REALLY trash the economy.
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