Thursday, May 26, 2005

Strong Growth in 1st Qtr.

How long has it been since you've heard a liberal lamenting the economy? Leaves them to talk about conservative judges and gay marriage...two real winner issues for sure.

WASHINGTON (AP) - The country's economic performance in the opening quarter of 2005 was better than first thought, logging a solid 3.5 percent annual growth rate in a new sign of a strong springtime business expansion.

The latest reading on gross domestic product, released by the Commerce Department on Thursday, was an upgrade from the 3.1 percent pace initially estimated for the January-to-March quarter.

Prediction: The unemployment rate will drop below 5% yet this year.

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