Thursday, July 31, 2008

Things Are Fine, And They Also Suck

It's July 30! That means it's Economic News Day!

It was the somewhat-best of times, says The Washington Post . . .
U.S. Economy Grows at Healthy Pace in Quarter
Rise in gross domestic product boosted by strong exports and rising consumer spending, driven by government stimulus checks.

. . . and it was the worst of times, says The New York Times.
G.D.P. Grows at Tepid 1.9% Pace Despite Stimulus
The economy grew less than expected from April to June, the government said on Thursday, and it shrank in the final months of 2007, dimming the outlook for a quick recovery.

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