Canadian liberal-lefties hate it when I report good news about the United States. I always get emails from them demanding (in the worst possible language and often using the usual words from the liberal lexicon: “Halliburton”, “moron”, “Nazi”, “Hitler”, “Rumsfeld”, and “we got free healthcare”) that if I like them so much, I should pack up my family and leave my country and move down there.
But they’re even more pissed when I reply to them and indicate that no, I’m going to stay here and fight for my country, unlike the liberal girlie-men of the U.S. who yammer on about moving to Canada.
WASHINGTON (AP) – The economy grew at a solid 3.8 percent annual rate in the final quarter of 2004 – stronger than previously estimated- and an encouraging sign that the business expansion was firmly entrenched at the start of the new year.
The new reading on gross domestic product, released by the Commerce Department Friday, was better than the government’s initial calculation made a month ago. That estimate showed the economy growing at a 3.1 percent pace.
The improvement reflected more robust spending by businesses on capital equipment and to build up inventories of goods. The trade deficit also was less of a drag on fourth-quarter growth than initially thought.
GDP, the broadest barometer of the country’s economic health, measures the value of all goods and services produced within the United States.
The new fourth-quarter GDP figure also was better than the 3.5 percent growth rate that economists had forecast in advance of Friday’s release by the Bureau of Labor Statistics.
Although economic growth in the final quarter of last year was a bit slower than the 4 percent pace measured in the third quarter, the performance was still solid.
For all of 2004, the economy expanded by 4.4 percent, the best showing in five years. This annual estimate was the same as first reported last month.
PTBC was founded by Mr. Johannesen in 2000.
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