Econmy stronger than thought

AFP:

The US economy grew at an annual 1.0 percent pace in the first quarter of the year, stronger than previously estimated, the government said Thursday.

The Commerce Department revised up the estimate for gross domestic product (GDP) growth from last month's figure of 0.9 percent.

The final revision, which signals a modest gain in momentum in the face of headwinds from housing and credit crises, was in line with analyst expectations.

...


Considering the "headwinds" and the talking down of the economy by people like Obama, the economy has been resilient beyond expectations. I am sure this disappoints the Democrats, but they will still try to find a way to spin it as the second coming of the Great Depression.

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