- #1
member 5645
If this keeps up, I will be voting for the dark side...
I support Bush in many aspects, especially in foreign policy (not particularly implementation of) - however, if the economy isn't doing something ridiculous by November, my pocket book will be making the vote for me.
http://www.nytimes.com/reuters/busi...omy-gdp.html?hp
Economy Grew More Slowly in 1st Quarter Than First Thought
By REUTERS
Published: June 25, 2004
WASHINGTON (Reuters) - The U.S. economy grew much more slowly than previously thought in the first quarter while inflation was higher, a government report showed on Friday.
The surprise downward revision to gross domestic product -- which measures total output within the nation's borders -- cut growth to a 3.9 percent annual rate in the first three months of 2004 from the 4.4 percent reported a month ago and below the 4.1 percent pace in the final quarter of last year.
The government also ratcheted up a key gauge of inflation, confirming an acceleration in price rises that has fueled expectations the Federal Reserve will begin raising interest rates from 1958 lows next week to head off inflation.
I support Bush in many aspects, especially in foreign policy (not particularly implementation of) - however, if the economy isn't doing something ridiculous by November, my pocket book will be making the vote for me.
Last edited by a moderator: