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#36
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GDP growth has been increasing every month for almost a year now...long
enough for almost every economist to now declare the recession is officially over. Yahoo (Reuters) has a news piece just released that is entitled "Analysts Say U.S. Economy in Recovery, 2001 Recession Over". Of course, every economist will also tell you job growth lags GDP growth almost every time...so your "research" means very little at this early stage. Hell, paychecks just started reflecting the tax cut a mere 2 months ago...and Americans received their child tax credit more recently than that. Here's a very telling quote: "All the data's saying the same thing: this quarter is going to be a cracker," said Ram Bhagavatula, chief economist at Royal Bank of Scotland Financial Markets, predicting gross domestic product growth will hit a 6 percent to 7 percent annual rate this quarter. " 6-7% *annual* growth rate! The last time we had a greater than 7% annual growth in GDP was 1984...the year Reagan won in a landslide. "Harry Krause" wrote in message news ![]() NOYB wrote: You're trying to disprove the theory that the Bush tax cut will create jobs. That's not political? I'm not trying to prove or disprove a thing. I'm merely part of a group trying to find legitimate evidence that the Bush tax cuts have resulted in significant job growth among substantial manufacturing or service employers. By the middle of last week, some 1,500 employers have been contacted nationally by our researchers. The data to date indicates no job growth traceable to Bush's little giveaway. -- * * * email sent to will *never* get to me. |