Economic Growth Below Expectations

[kalian]

http://news.myway.com/top/article/id/63342|top|01-30-2004::12:08|reuters.html

WASHINGTON (Reuters) - U.S. economic growth slowed to a 4 percent annual rate in the closing three months of 2003, less than half the third-quarter pace as consumers curbed their spending, the Commerce Department reported on Friday.

Still, other reports showed consumer hopes remained buoyant because of low interest rates and a surging stock market as Bush administration officials moved swiftly to claim the economy was healthy ahead of November presidential elections.

...more...

Its rather curious to read a "positive" and a "negative" both in
the same article. We're really being fed the bs by the bucket load.
We have a 4%+ GDP drop in ONE QUARTER yet...consumer confidence is
"buoyant" because interest rates and a "surging" stock market.
What's going on in the stock market is a classical bear market rally
AND it appears that the big players are taking the little guy to be
hung out to dry. Pure greed.
Of course, we have to buy into the pure bs of an 8.2% GDP growth in
the 3rd quarter... :eyes:

Anyways...the ship is taking on water and its going down...

[lastknowngood]

1. If you want a real breakdown of the BS numbers

check out this detailed analysis.
http://www.urbansurvival.com/week.htm

[Lefty48197]

2. WAIT! The 3Q GDP #'s were the basis of "The Bush Recovery"

are you trying to tell me that the 8% growth was not to be sustained? Was Paul O'Neill right when he said the tax cuts only played a small part in the 3Q growth? Where is the effect of the tax cuts now? Are they adding to an anemic growth rate, and making it respectable? If so, then why is the growth rate anemic, when the tax cuts were supposed to make it robust?