After all, EVERYTHING is the fault of George W. Bush!

The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing.

The gross domestic product, the broadest measure of economic health, expanded at an annual rate of 4 percent in the April-June quarter, significantly higher than the 3.4 percent rate the government had initially estimated a month ago, the Commerce Department reported Thursday.

That may taper off in response to the sub-prime crash – but then again, maybe not. But even if it does, we will still likely see 2% growth.

Posted by: Greg at 09:29 AM | No Comments | Add Comment
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