GDP Grows At 3.3% in Second Quarter

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. Signaling there will be no recession, provided we get our act together and begin drilling for oil soon. This putrid nonsense that we can use alternative energy supplies is just utter nonsense -- There is no substitute for oil, probably within 30 years there may be, but not near term.

No oil, no economy, America runs on oil, for energy and countless other needed products. Elect Democrats, and yur freedoms will disappear, fast.

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.

The destruction of the Democrats talking points means they now must lie to portray soup line America. There is always going to be some part of the economy that does not perform as well as others. The overheated housing market, with it's government sponsored loans to anyone, no down payment required, is a perfect example. -- Good reason why government should stick to national defense and keep the hell out of the economic side of things. For some delicious reasoning why, look up "ADDI 2003" if you want to see how and who caused the housing market to implode. After you read up, you may ask yourself, why would anyone do that? Because we are the government.

Did you notice, the Democrats last night kept on going, regardless what the actual economic numbers said. It's instructive to watch them just flat out lie in there speeches.

If you were watching the nightly snooze channels last night, you would have noted that according to NewsBusters, the networks featured the new economic numbers for exactly 13 seconds of air time, with two of the three networks, CBS and NBC, not even mentioning the GDP growth. I wonder why that was? You will have to take NewsBusters word for it, I haven't watched any of these nightly news channels since Dan Rather faked the Bush National Guard documents -- Then it was just too funny to watch Dan and the CBS boys and girls implode.