According to this report on FOX News: Economy Grows at Brisk 3.8 Percent in Third Quarter
Economic activity expanded at an energetic 3.8 percent annual rate in the third quarter, providing vivid evidence of the economy’s stamina even as it coped with the destructive forces of hurricanes Katrina and Rita.
The latest snapshot of the country’s economic performance, released by the Commerce Department on Friday, even marked an improvement from the solid 3.3 percent pace of growth registered in the second quarter.
This is great news that barely gets a yawn in the main stream media. Let it of course show a down turn and all you would hear is, the sky is falling, we are going to hell in a hand basket and of course it is all Bush’s fault.
This always makes me laugh:
The expansion in gross domestic product in the July-to-September quarter, the strongest since the beginning of the year, also exceeded many analysts’ expectations.
That’s right, exceeded many analysts expectations. Who are these guys? How can I get their job? I am sure I could do as lousy a job as they do predicting what the economy is going to do. No offense to those of you that make your living making these predictions of course.
I am going to make a prediction. These same guys are going to be wrong next time as well. So their is no since in putting any stock into what these guys are saying. If you do, I would bet against them. You will probably come out better.
Maybe they are a bunch of liberals. Betting against America and losing big time.
Hey this is just my opinion. I could be wrong. I will bet that I am probably not right.
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