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October 28, 2005

What's An Economy Gotta Do To Get A Table Dance?

Third Quarter Annual GDP Growth Rate a Frisky 3.8%

- Economic activity expanded at an energetic 3.8 percent annual rate in the third quarter, providing vivid evidence of the economy's stamina even as it coped with the destructive forces of hurricanes Katrina and Rita.
The latest snapshot of the country's economic performance, released by the Commerce Department on Friday, even marked an improvement from the solid 3.3 percent pace of growth registered in the second quarter.

Growth in the third quarter was broad-based, reflecting brisk spending by consumers, businesses and government.

"Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth," said Ken Mayland, president of ClearView Economics. "I think what this shows is that fundamentally the economy was and is in really good shape."

In related news, Paul Krugman just tried to hang himself, but he was too f'n' short to reach the noose.

He blames Karl Rove.

posted by Ace at 06:40 PM

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The latest snapshot of the country's economic performance, released by the Commerce Department on Friday, even marked an improvement from the solid 3.3 percent pace of growth registered in the second quarter. Growth in the third quarter was broad-based, reflecting brisk spending by consumers, businesses and government. "Holy Katrina! The economy weathered two major hurricanes and in spite of that showed accelerated growth," said Ken Mayland, president of ClearView Economics. "I think what this shows is that fundamentally the economy was and is in really good shape." In related news, Paul Krugman just tried to hang himself, but he was too f'n' short to reach the noose. He blames Karl Rove. posted by Ace at 06:40 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Tom Servo: "7 In Van Nuys the coyotes go Haitian on cats feral ..." Pat: "Oh, right, you asked about sweet potatoes. Yes, I ..." Commissar of Plenty and Lysenkoism in Solidarity with the Struggle : "Light rain forecast here today through Wednesday. ..." Pat: "From Boise area: lows 27-46 F (we're having a "war ..." 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