Bush Economy Best in History

Economy dashes ahead at 5.3 percent pace By JEANNINE AVERSA, AP Economics Writer

WASHINGTON - Emerging from a year-end rut, the economy dashed ahead in the opening quarter of this year at a 5.3 percent pace, the fastest in 2 1/2 years.

The new snapshot showed gross domestic product was even stronger during the January-to-March period than the 4.8 percent annual rate first estimated a month ago, the Commerce Department reported Thursday.

Gross domestic product measures the value of all goods and services produced within the United States and is considered the best barometer of the country's economic fitness.

The upgraded reading on GDP, based on more complete information, mostly reflected stronger U.S. exports and better inventory building by businesses.

Economists, however, were predicting an even bigger upgrade to the first-quarter reading. Before the release of the report they were forecasting economic growth to clock in at a 5.8 percent pace. Even though the revised figure fell short of that, it nonetheless made clear that the economy had snapped out of its end-of-year lull.

About six months before the 2004 elections, we started getting these incredibly good GDP reports, too. The stock market hasn't been reflecting any of this Bush sponsored 'great economy.' So an economy where manufacturing jobs are being sent overseas by the millions, where oil is at or near record prices, where we are further in debt than we have ever been (without even counting the cost of invading and occupying Iraq and Afganistan, which we don't) and where the country is being flooded with illegal immigrants is booming like it has never boomed before? What part of it? Where are all the great jobs? Where is the stock market boom? Why are so few boats being raised? Why is the savings rate still so low? Why is credit card debt so high? Why are GM and Ford not selling SUVs (or any other vehicles) at a rate that reflects this wonderful economy? Where is the economic boom?

In related news, Congress is raising the debt ceiling for the third time in less than a year.

It's easy to inflate the GNP when the federal government is spending money faster than the Treasury can print it.

The money supply has almost doubled under Bush and it's only through the purchases by China and Japan that's keeping the U.S. economy afloat.

It's gonna be a hard fall.

Yep, with statistics that remove the folks out of work and bankrupts cases, etc. not wonder...

and, not reporting the folks who run out of unemployment benefits. Just a Bush lie...

And the millions of illegal folks making less than $4 a hour without