lies, damn lies and republican anmininistrations.
first quality of the data
"However, the Commerce Department will revise second-quarter growth estimates two additional times and cautioned that Thursday's report is based on incomplete information."
then why its not really the economy
"Spending by the federal government jumped, with a rise in defense spending attributed to the war in Iraq. Federal spending rose by 25.1%, the largest amount since 1967. This more than offset a slight decline in spending by state and local governments. Defense spending spiked 44.1%, the largest amount since the Korean War. The increase in government spending added 1.4% to GDP for the second quarter."
and then the only part that really matters
"But the gains in business, government and consumer spending were tempered by a decline in net exports as imports rose and exports fell. Exports fell by 3.1% while imports gained 9.2%. A gain in imports subtracts from overall economic growth."
so it was 1.4% now it may be 2.4 (they arent shure) but 1.4 of the 2.4 is from the war spending (they are shure) so if its right and we dont have a perminent war it (the gdp this quarter) declined .4.
keep gloating fools. you add as well as shrub.