http://news.bbc.co.uk/1/hi/business/7586280.stm
'The US economy grew at a revised 3.3% annually in the second quarter of 2008, the Commerce Department said, much higher than its first estimate of 1.9%.
The rebound was linked to strong US exports, helped by the weak dollar, while government tax rebates also boosted consumer spending.'
Instapundit has an ongoing taunt for lefties called, Dude, wheres my recession? Thats because despite deafening wailing and gnashing of teeth about the economy from Dems in the states, there is little or no actual evidence for economic woes. The US unemployment rate is less than 5%, its industries are selling at a tremendous rate, and the startup rate for new businesses is the highest for about a decade. So where does all the Dem crap originate? Price of houses going down? Great news if you're a poor person... can't get a dodgy mortgage? Er, you shouldn't have EVER been able to get one of those... lost loads of money in the mortgage market? You should NEVER have been giving money away that freely...
Lets face it, the 'recession' in the US is the Dems last best hope of beating McCain. Iraq is now chalked up firmly in the 'win' column, so no grist in that mill. The Dems record in Congress has been awful to the point of parody. It was only the will-o-the-wisp of economic mismanagement that might have seen them home- and now it looks like it was a mirage. Darn it.
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