Friday, January 29, 2010
Economy soars 5.7 percent, fastest in 6 years
I don't think you have to be an econ genius to understand this article. However, I'm just posting it because I'm sick and tired of conservatives calling for Obama to do more - the economy grew by almost 6 percent in the last quarter. Now a large part of this had to do with the Christmas season, but growth is movement in the right direction and people need to stop demanding more from the government.
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4 comments:
Not to sound too pragmatic but I will only accept this improvement if the growth continues throughout the year and not only due to a Christmas season, which is known to be a number one economic stimulus for many countries around the world.
Sure the Obama effect hampers some parts of the economcy, like when he talks about bank taxes, but overall he is playing the cards he has been dealt. The economic growth is encouraging and it has helped consumer confidence increase substantially as well.
We can think of growth as a plus point. Even though it may me during the Christmas season it shows that consumer confidence may have increased.
We can think of growth as a plus point. Even though it may me during the Christmas season it shows that consumer confidence may have increased.
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