The nation's economy gained some much-needed strength in the third quarter, as the pace of growth nearly doubled compared to the previous three months.I was right. Warren Buffett was right. If this continues (and it will) it might barely keep Barack Obama in office for four more years.
The nation's gross domestic product, the broadest measure of its economic health, grew at a 2.5% annual rate in the quarter after adjusting for inflation. That's up from the disappointing 1.3% growth in the second quarter and the anemic 0.4% pace in the first three months of the year.
Thursday, October 27, 2011
Economic growth rate climing again!
People fretting about a new recession over the summer were wrong: