Second guessing is never 20/20,
by
HAP
10/29/2009, 11:37 AM #
and the piper must always be paid, but may YS is correct and we should give the devil his due: Reporting from Washington - - The U.S. economy expanded at an annual rate of 3.5% in the third quarter, unofficially marking the end of the worst recession since World War II.
The growth reported today by the Commerce Department for the three months that ended Sept. 30 snapped four straight quarters of economic contraction and was driven largely by a rebound in consumer spending supported by the federal stimulus package and improved business spending that included a revival of home building.
The increase in the gross domestic product, the total value of goods and services produced in the country, is the evidence most economists have said is needed to declare victory against the recession.
- Read on, it’s not all that rosy; but it does give one pause to wonder if maybe…just maybe one, or two, or three, or even a couple two things were maybe done right. -
"It will take sustained, robust GDP growth to bring the unemployment rate down substantially," she said (Romer) in a statement issued by the White House. "Such a decline in unemployment is, of course, what we are all working to achieve."
I’d like to think that’s what we are all working for; it’d be a crying shame if some folks wished other folks misery just so as how them shame wishing folks might capitalize politically.