More Positive Economic News!
The great economic news continues! I am talking about the “factual economic news” and not the “make believe kind” that we hear from the media and the left.
Jayson at Polipundit has the whole story:
The Commerce Department just reported the U.S. economy grew at an inflation-adjusted rate of 3.4 percent last quarter.
The economy has posted the following (annualized) real growth rates over the past thirty months:
3.4 – Q2 2005
3.8 – Q1 2005
3.8 – Q4 2004
4.0 – Q3 2004
3.3 – Q2 2004
4.5 – Q1 2004
4.2 – Q4 2003
7.4 – Q3 2003
4.1 – Q2 2003
1.9 – Q1 2003
On the other hand, if you surveyed a bunch of those 80 year-old lifelong Democrats – you know, the kind of people who hold the surreal distinction of having voted for Harry Truman, on the one hand, and John Kerry, on the other, and who get their economic *news* from the likes of “60 Minutes,” NPR, Lou Dobbs, the Philly Inquirer, and the Detroit Free Press – you’d learn many of them believe the country still is mired in a recession.
No, seriously, many of them actually *believe* we’re still in a recession!
And, California Conservative shows when they can’t complain about the economy, they have to fall back on this topic where they have a hard time convincing themselves.