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| Author | Topic: News you wont see on TV |
| Jim Dicken |
posted 7/12/04 7:29 AM
Economy On Track For Fastest Growth In 20 Years. "The economy appears headed for a banner year despite a springtime spike in energy prices and a recent increase in interest rates. In fact, many analysts are forecasting that the overall economy, as measured by the gross domestic product, will grow by 4.6 percent or better this year, the fastest in two decades. There were strong 4.5 percent growth rates in 1997 and 1999, when Bill Clinton was president and the country was in the midst of a record 10-year expansion. But if this year's growth ends up a bit faster than that, it will be the best since the economy roared ahead at a 7.2 percent rate in 1984, a year when another Republican president - Ronald Reagan - was running for re-election." (Martin Crutsinger, "Economy At Midyear On Track For Best Growth In Two Decades," The Associated Press, 7/7/04) Consumer Confidence Hits Five Month High. "Consumer confidence got a huge boost last week, reaching a five-month high, a level not seen since February, according to a survey released Tuesday. The ABC/Money magazine consumer comfort index rose 3 points to -8 in the week ended July 4, up from -11 a week earlier. The index has risen 12 points in the past 3 weeks. The index now stands at its best level since early February and near its average of -9 since the survey started in December 1985." ("Poll: Confidence At 5-Month High," CNN/Money, http://money.cnn.com/2004/07/06/news/economy/abc_money/, 7/6/04) http://www.michaelmooreiswrong.com |
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