Economy Chugs Along

J.J. Jackson* | September 4, 2007

Aug. 30 (Bloomberg) — Surging exports and business spending propelled U.S. growth to the fastest pace in more than a year before turmoil in the credit markets forced the Federal Reserve to warn of a bleaker outlook.
Gross domestic product rose at a 4 percent annual rate in the second quarter, the Commerce Department said in Washington, up from an initial estimate of 3.4 percent. The median forecast of economists polled by Bloomberg News was 4.1 percent.

Sooner or later you people out there are talking about how crappy the economy is and worrying about the mythical neighbors of yours that are suffering so, unable to find work and just generally not doing well are going to have to face up to the truth.

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