It appears that we're growing our way into a panic on the economy. It may be the first recession in history initiated by a 5% annual GDP growth rate. It won't be the first attempted by scare tactics in the run-up to an election. Full Story »
Posted by Kaizar Campwala
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While I am intrigued by the question raised of whether we will worry ourselves into a recession, I can't trust this source as a balanced search for an answer, because of the way he cherry picks his data. Even the 5% GDP rate he cites is higher than the 3.1 % previously forcast by the Administration for 2008. His is a curiously timed post, assuring us at 8:28 a.m. that "The growth seen over the last two quarters gives every indication that the Bush-era expansion continues apace." ... More »
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