The nation's economy regained momentum in the first quarter of the year as it grew at a rate of 4.8 percent.
This is the hottest annualized pace for the gross domestic product in 2 1/2 years, with robust spending by consumers, business and government all doing their part.
U.S. construction spending jumped 0.9 percent in March, more than twice expectations, to a record high on the back of soaring outlays on private residential building.
The Dow Jones Industrial Average is closing in on its all-time high of 11,723. Despite soaring oil prices, the Dow has regained more than 4,000 points that slipped away after the dotcom bust and the 2001 recession.
Spurred by consumer spending and a surge in business investments, the US economy grew at a 4.8 per cent annual rate in the first quarter, its strongest performance in more than two years.
9 comments:
WHY DO YOU HATE AMERICA?
Wait...no... why... I'm so...
...confused...
Is this one of those dogs that were rescued from New Orleans while people died in the flooding?
Dick, I brought lunch!
Economic Growth Surges To 4.8%
The nation's economy regained momentum in the first quarter of the year as it grew at a rate of 4.8 percent.
This is the hottest annualized pace for the gross domestic product in 2 1/2 years, with robust spending by consumers, business and government all doing their part.
No wonder Bush is happy!
Wait... tell me again, which one is president?
Wait... tell me again, why do you hate the President?
More “bad” economic news (for liberals):
U.S. construction spending jumped 0.9 percent in March, more than twice expectations, to a record high on the back of soaring outlays on private residential building.
The Dow Jones Industrial Average is closing in on its all-time high of 11,723. Despite soaring oil prices, the Dow has regained more than 4,000 points that slipped away after the dotcom bust and the 2001 recession.
Spurred by consumer spending and a surge in business investments, the US economy grew at a 4.8 per cent annual rate in the first quarter, its strongest performance in more than two years.
LINKS TO THESE NEWS REPORTS:
http://today.reuters.com/investing/financeArticle.aspx?type=economicNews&storyID=2006-05-01T140009Z_01_N28260177_RTRIDST_0_ECONOMY-CONSTRUCTION-URGENT.XML
http://www.csmonitor.com/2006/0501/p01s01-usec.html
http://news.monstersandcritics.com/business/article_1159252.php/US_economic_growth_surges_4.8_per_cent_in_first_quarter__Roundup_
...and then he ate the puppy whole.
...to divert attention away from the great economy.
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