» economy http://angrywonk.com The Angry Wonk :: The World, Politics And What's Happening Around Us From My Perspective Wed, 03 Sep 2008 23:55:09 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Wait… What?… No Recession?… http://angrywonk.com/2008/08/28/wait-what-no-recession/ http://angrywonk.com/2008/08/28/wait-what-no-recession/#comments Thu, 28 Aug 2008 16:11:32 +0000 The Angry Wonk http://angrywonk.com/?p=55 Surprise!…

Seems the recession is on hold… the economy grew 3.3% in the 2nd quarter…

But wait, I thought the economy (and all of us) were going to hell in a handbasket?…
Well… it’s not kettles of gold at the end of rainbows for everyone but it’s not the dreaded “recession” the dems love to yap about and are trying to use as a political point during their campaigns…

The reality is that the economic “downturn” is nowhere near today what is was during the last year of the Clinton administration when he had a “mini” recession (the GDP was -0.49%)…

So, is the sky falling?… the chicken littles in the Democratic party would like you to think so… but in reality, there’s still a lot of sky…

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