May 27, 2004

Abu Ghraib Prison Scandal Sends Economy Into Tailspin
By the way, the GDP grew 4.4% in the first quarter

— Ace

1Q GDP growth revised up to 4.4%.

WASHINGTON (AP) - The economy grew at a 4.4 percent annual rate in the first quarter of this year, slightly faster than previously thought and fresh evidence that the recovery possessed good momentum as it headed into the current quarter.

The increase in gross domestic product from January through March reported by the Commerce Department on Thursday marked an improvement from both the 4.2 percent pace first estimated for the quarter a month ago and the 4.1 percent growth rate registered in the final quarter of 2003.

The GDP measures the value of all goods and services produced within the United States. While the latest reading was just shy of the 4.5 percent pace that some analysts were forecasting, it nevertheless represented a solid performance.

It may be revised again. I'm still looking for 4.5% or 4.6%.

Separately, the Labor Department reported that new applications for unemployment benefits dropped last week by a seasonally adjusted 3,000 to 344,000, another hopeful sign for a labor market recovery.


Although consumers and the federal government did their part to support the economy in the first quarter, the better reading on GDP for the period in large part reflected stronger investment by businesses to build up inventories, a good sign that companies are more confident about the economy's prospects.

From April to June, the economy is expected to grow at a rate in the range of 4.5 percent to 5 percent, according to some analysts.


The country has lost a net 1.5 million jobs since Bush took office in January 2001, something Kerry points to as evidence that the president's economic policies aren't working. But Bush says they are, and that the best way to create jobs is to make the economy stronger.

Hmmm. Finally someone in the media revised that "2.3 million lost jobs" figure downwards. I think we've only lost a net of 1 million jobs, though. 2.3 million minus 1.3 million equals 1 million.

Moderate Cowbell:

Posted by: Ace at 08:29 AM | Comments (11)
Post contains 372 words, total size 3 kb.

1 I know that the media largely goes out of its way to make Bush look as bad as possible, but why haven't more people caught on to the idea that the loss of jobs in Bush's first year could in no way be his fault? I mean c'mon! Recession + 9/11? We're lucky we didn't go into a Depression. All the losses can be laid at the feet of the bubble bursting + 9/11! Argh!!

Posted by: Brock at May 27, 2004 08:35 AM (9hJ/S)

2 Holy crap, is that a 8%+ growth rate i see in the 3rd quarter of 2003?!?

Posted by: madne0 at May 27, 2004 11:45 AM (Sl+Oy)

3 You're such a geek with your fixation on GDP numbers.

You also have it precisely backwards: The numbers will not sway voters. They don't care about numbers. What they care about is their personal economic prospects, and that's what may influence their voting.

But nothing the New York Times writes or hides about numbers will influence the election. It may be journalists think so, but that doesn't make it so. So, relax about the numbers, and how they're reported. The numbers are -- to use a geeky expression -- lagging indicators of voter sentiment, and not always very reliable at that.

Posted by: stostosto at May 27, 2004 11:26 PM (hOezL)

4 akduwcosa riux.

Posted by: Rose at December 29, 2004 10:49 AM (IahXT)

Posted by: 数控维修改造 at July 31, 2009 02:41 AM (ecYqL)

6 Medsanur Türkiyenin yeni medikalcilik alanındaki yükselen firmalardan biridir. Cerrahi el aletleri, laparoskopi, tek kullanımlık sarf malzemeleri  ve çelik demirbaş hastane aletleri üretmekte olup macaristanın medikal firması balazsi endoscope'nin türkiye disbiritör'dür medikal ürünler ve tıbbi malzemler alanında kaliteli ürün yelpazesi ile türkiyede bayilik dağıtımı yapmakta olup kendi fabrika ürünlerini pazarlamaktadır.

Posted by: Medikal Park at March 07, 2010 03:55 PM (VbasM)

7 Biz lida zayıflama hapı ve biber hapı satış sitesi olarak sizleri çok sevdik özellikle bu makalenin çok güzel olduğuna kanaat getiri link almak istedik şimdiden bu güzel ve etkili link için size teşekkür ediyorum biber hapı kullanaraksağlıklı ve bitkisel zayıflamanız mümkün bunun yanısıra lida kullanarak ta bir şeyler yapabilirsiniz. Mesela zayıflayabilirsiniz, istemez misiniz böyle bir şey, bence istersiniz herkes biraz zayıflamak ister ve herkes güzel görünmek ister, bunun için lida zayıflama sitemizi öneriyoruzlida ile de birçok lida sorunuzayanıt bulabilirsiniz bunun yanısıra acı biber hapı sitemizde de çok güzel yazılar ve sipariş bölümü mevcuttur yazıları beğenirseniz sipariş verebilir bizden hizmet almanın keyfine varabilirsiniz.da bitkiselzayıflamada etkili bir üründür. Hepsini geçtim de acai berry hacı, yani ben bu alemde acai berry zayıflama hapını tek geçerim bilmiş ol, kraldır acai...Acai berry DR. Mehmet öztarafından Türkiye'ye getirilen mucizevi bir formüldür.Bunları geç fx15 var, ki türkiye'de kullanıaln en iyi zayıflama ürünlerinden biridir. FX15 türkiye sitemizden de onu bulabilir siparişini verebilirsiniz.fx15 sağlıklı zayıflama için kullanılanetkisi kanıtlanmış bir zayıflama ürünüdür.Geldik mi lw6090'a bu hapı fazla tanıtmaya gerek yok bakanlık onaylı etkili bir bitkisel zayıflama ve zayıflatma ürünüdür. Kullanın ve farkı görün ne diyelim bol kullanım ve yaza formda girmek için gerekeni yapın teşekkürler lw6090lw6090 hapı ile debakanlık onaylı zayıflamanın keyfine varın. Thanks a lot for this document. I am happy to find your distinguishedway of writing the post. Now you make it easy for me to understand and implement. Thanks for sharing with us.

Posted by: acai berry kullanıcı yorumları at May 27, 2010 08:42 AM (9CdOk)

8 org bringsThere are ashanghai massagetarget massage therapists number of
 scam emailsbeijing massage by supporting  by supporting

Posted by: werty at August 25, 2010 09:23 PM (S2BEm)

9 hello thank you for your post

Posted by: designer handbags on sale at October 21, 2010 08:27 PM (tYl7M)

10 It is good to see that the GDP fingures are on a upward trend.

Blackout Blinds

Posted by: Blackout Blinds at January 09, 2011 06:35 AM (VdMvr)

11 nmmn,kjghjk

Posted by: Digital Gear & Camera Bags at June 03, 2011 03:45 PM (ecg2Q)

Hide Comments | Add Comment

Comments are disabled. Post is locked.
79kb generated in CPU 0.43, elapsed 1.5974 seconds.
62 queries taking 1.5481 seconds, 247 records returned.
Powered by Minx 1.1.6c-pink.