The U.S. economy didn't slump in the first quarter as some had feared it would, but its weak climb was the product of a likely unintended inventory buildup.
A sick housing sector, weak consumer spending and a pullback in business spending held gross domestic product to a seasonally adjusted 0.6% annual rate of growth. Economists surveyed by Dow Jones Newswires expected a 0.6% increase.
"The economy just kept its head above water in the first quarter," said Nigel Gault, an economist at Global Insight. "Don't break out the champagne, though."
I post this message here as a public service because I seriously doubt that you will learn of this fact through the mainstream media, including the PeeDee.
The Democrats, who have built a substantial portuion of their 2008 campaign around "the failed economic policies of Geroge W. Bush" will be extremely dissapointed to learn that we are not in a recession.
The point to remember is that what the government gives it must first take away.
Well, the 2007 budget was the republicants budget. Signed in 2006. But let's not let facts get in the way.
Oh, and BTW, the loan scandal has been building since it was part of Bush's 2000 campaign (endorsed by Greenspan). You remember, "Land ownership for all". This is killing the economy, stock market, and millions of families. Another great plan from this administration.
JFYI, I am not a Democrat. I vote using intelligence, not goose stepping to propaganda.
Pressdemo.com 
