OT--Economy Grows at Fastest Pace Since 1984
Buy US is great except for we don't make much anymore. Our cars are made
in Mex and Can. Our electronics in Korea or Japan along with cameras,
clothing in Taiwan or hong kong, and other items such as household goods
also in asia. What we are "making" now is interest on loans to these
countries, a lot of wheat and grain. Some beef, and veggies, and a few
small factories putting out specialty goods. Boats and stuff. Hey! Try
to buy a boat built will all-american parts! once you get out of the
"open fishing boat" class you add lights (korea) and horns (mex) radios
(japan) and engines, (some parts from here) and upholesrty (europe). At
least my flare kit is made in the USA!
Capt. Frank
Wildest Dream wrote:
perhaps we should try buy products made in the US
"Capt. Frank Hopkins" wrote in message
link.net...
I just wish my stock prices would recover. I took a hit when the tech
stocks crashed.
Perhaps if we dumped NAFTA, the economy would take a big jump in
manufacturing!
Capt. Frank
NOYB wrote:
Economy Grows at Fastest Pace Since 1984
By JEANNINE AVERSA, Associated Press Writer
WASHINGTON - The economy grew at a blistering 7.2 percent annual rate in
the
third quarter in the strongest pace in nearly two decades. Consumers
spent
with abandon and businesses ramped up investment, compelling new
evidence of
an economic resurgence.
The increase in gross domestic product, the broadest measure of the
economy's performance, in the July-September quarter was more than
double
the 3.3 percent rate registered in the second quarter, the Commerce
Department reported Thursday.
The 7.2 percent pace marked the best showing since the first quarter of
1984. It exceeded analysts' forecasts for a 6 percent growth rate for
third-quarter GDP, which measures the value of all goods and services
produced within the United States.
"This is a gangbuster number. Everything came together for the economy
in
the third quarter," said Mark Zandi, chief economist at Economy.com.
--------------------------------------------------------------------------
--
------------
I guess we can take "bagging on the economy" off the '04 Democratic
election
strategy...
|