With all the talk of impeachment and GOP lawsuits against President Obama these days, it seemed like a good time to add more fuel to the politically insane fires. Yes, once again we have upbeat economic news. What's a blogger to do? Why, publish the upbeat economic news, of course.
Let's start with a Fox Biz email alert headline, because I know how you rely heavily on every word uttered by Fox, the most reliable name in economic news:
U.S. Economy Grows at 4% Pace in 2Q
What?! Why I oughta. Please proceed, Fox Biz:
The Commerce Department reports the U.S. economy grew at an annualized pace of 4% in the second quarter, beating Wall Street expectations for a 3% rate.
Oh what do they know... Let's see what the big bad "librul media" has to say about all this good economic news. New York Times, I'm talkin' to you:
The United States economy rebounded heartily in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent from April through June and surpassing economists’ expectations.
In its initial estimate for the second quarter, the government cited a major advance in inventories for private businesses, higher government spending at the state and local level and personal consumption spending as chief contributors to growth. Economists, who had been hoping for a full reversal of the first quarter’s decline, were cheered by the second quarter’s numbers. The consensus forecast for G.D.P. was 3 percent.
“Fantastic,” Douglas Handler, chief United States economist for IHS Global Insight Analysis, said of the second-quarter G.D.P. increase. The bigger-than-expected gain further cemented views that the decrease in America’s overall output during the first quarter was most likely a fluke tied in large part to unusually stormy winter weather and other anomalies.
Huhwha? "Higher government spending at the state and local level"?
Read it and weep, impeachers.