Economy Grows At 4.1% Clip -- Thanks, Dubya

[pyjamarama]

WASHINGTON (AP) - America's economy, bolstered by brisk business
spending, grew at a healthy 4.1 percent annual rate in the final
quarter of 2003. That was even faster than first thought and offered
new evidence that the nation's economic recovery was firmly rooted
going into the new year.

The latest reading on the gross domestic product - the broadest
measure of the economy's health - was slightly better than the 4
percent pace estimated a month ago for the October-to-December
quarter, the Commerce Department reported Friday. GDP measures the
value of all goods and services produced within the United States.

"The capital spending rebound is in high gear," said economist Ken
Mayland, president of ClearView Economics.

Even though the fourth quarter's growth rate marked a slowdown from
the red-hot 8.2 percent pace of the third quarter - the best in nearly
two decades - it nonetheless represented a solid performance.

The 4.1 percent pace was better than economists were predicting. They
were forecasting growth rate of around 3.8 percent.

On Wall Street, the report helped to lift stocks. The Dow Jones
industrials gained 34 points and the Nasdaq was up 4 points in morning
trading.

Looking ahead, the economic picture seems promising, analysts say.
Economic growth in the current January-to-March quarter is expected to
clock in at a rate of around 4.5 percent or higher, according to some
analysts' projections.

[dave weil]

On 27 Feb 2004 12:25:20 -0800, (pyjamarama)
wrote:

>WASHINGTON (AP) - America's economy, bolstered by brisk business
>spending, grew at a healthy 4.1 percent annual rate in the final
>quarter of 2003. That was even faster than first thought and offered
>new evidence that the nation's economic recovery was firmly rooted
>going into the new year.
>
>The latest reading on the gross domestic product - the broadest
>measure of the economy's health - was slightly better than the 4
>percent pace estimated a month ago for the October-to-December
>quarter, the Commerce Department reported Friday. GDP measures the
>value of all goods and services produced within the United States.
>
>"The capital spending rebound is in high gear," said economist Ken
>Mayland, president of ClearView Economics.
>
>Even though the fourth quarter's growth rate marked a slowdown from
>the red-hot 8.2 percent pace of the third quarter - the best in nearly
>two decades - it nonetheless represented a solid performance.
>
>The 4.1 percent pace was better than economists were predicting. They
>were forecasting growth rate of around 3.8 percent.
>
>On Wall Street, the report helped to lift stocks. The Dow Jones
>industrials gained 34 points and the Nasdaq was up 4 points in morning
>trading.
>
>Looking ahead, the economic picture seems promising, analysts say.
>Economic growth in the current January-to-March quarter is expected to
>clock in at a rate of around 4.5 percent or higher, according to some
>analysts' projections.

Why weren't you celebrating Clinton during the 90s if 4.1% is such
great shakes?

[Arny Krueger]

"dave weil" > wrote in message

> On 27 Feb 2004 12:25:20 -0800, (pyjamarama)
> wrote:
>
>> WASHINGTON (AP) - America's economy, bolstered by brisk business
>> spending, grew at a healthy 4.1 percent annual rate in the final
>> quarter of 2003. That was even faster than first thought and offered
>> new evidence that the nation's economic recovery was firmly rooted
>> going into the new year.
>>
>> The latest reading on the gross domestic product - the broadest
>> measure of the economy's health - was slightly better than the 4
>> percent pace estimated a month ago for the October-to-December
>> quarter, the Commerce Department reported Friday. GDP measures the
>> value of all goods and services produced within the United States.
>>
>> "The capital spending rebound is in high gear," said economist Ken
>> Mayland, president of ClearView Economics.
>>
>> Even though the fourth quarter's growth rate marked a slowdown from
>> the red-hot 8.2 percent pace of the third quarter - the best in
>> nearly two decades - it nonetheless represented a solid performance.
>>
>> The 4.1 percent pace was better than economists were predicting. They
>> were forecasting growth rate of around 3.8 percent.
>>
>> On Wall Street, the report helped to lift stocks. The Dow Jones
>> industrials gained 34 points and the Nasdaq was up 4 points in
>> morning trading.
>>
>> Looking ahead, the economic picture seems promising, analysts say.
>> Economic growth in the current January-to-March quarter is expected
>> to clock in at a rate of around 4.5 percent or higher, according to
>> some analysts' projections.
>
> Why weren't you celebrating Clinton during the 90s if 4.1% is such
> great shakes?

Prime example of Weil's simplistic political views - obviously he thinks
that GNP growth is all that matters.

[dave weil]

On Fri, 27 Feb 2004 20:01:43 -0500, "Arny Krueger" >
wrote:

>"dave weil" > wrote in message

>> On 27 Feb 2004 12:25:20 -0800, (pyjamarama)
>> wrote:
>>
>>> WASHINGTON (AP) - America's economy, bolstered by brisk business
>>> spending, grew at a healthy 4.1 percent annual rate in the final
>>> quarter of 2003. That was even faster than first thought and offered
>>> new evidence that the nation's economic recovery was firmly rooted
>>> going into the new year.
>>>
>>> The latest reading on the gross domestic product - the broadest
>>> measure of the economy's health - was slightly better than the 4
>>> percent pace estimated a month ago for the October-to-December
>>> quarter, the Commerce Department reported Friday. GDP measures the
>>> value of all goods and services produced within the United States.
>>>
>>> "The capital spending rebound is in high gear," said economist Ken
>>> Mayland, president of ClearView Economics.
>>>
>>> Even though the fourth quarter's growth rate marked a slowdown from
>>> the red-hot 8.2 percent pace of the third quarter - the best in
>>> nearly two decades - it nonetheless represented a solid performance.
>>>
>>> The 4.1 percent pace was better than economists were predicting. They
>>> were forecasting growth rate of around 3.8 percent.
>>>
>>> On Wall Street, the report helped to lift stocks. The Dow Jones
>>> industrials gained 34 points and the Nasdaq was up 4 points in
>>> morning trading.
>>>
>>> Looking ahead, the economic picture seems promising, analysts say.
>>> Economic growth in the current January-to-March quarter is expected
>>> to clock in at a rate of around 4.5 percent or higher, according to
>>> some analysts' projections.
>>
>> Why weren't you celebrating Clinton during the 90s if 4.1% is such
>> great shakes?
>
>Prime example of Weil's simplistic political views - obviously he thinks
>that GNP growth is all that matters.

Well, if he's going to "thank Dubya" for a specific growth rate, he
should be thanking Clinton for the many quarters of much larger
growth.

Thank you for playing though, Mr. Science.

[Arny Krueger]

"dave weil" > wrote in message

> On Fri, 27 Feb 2004 20:01:43 -0500, "Arny Krueger" >
> wrote:
>
>> "dave weil" > wrote in message
>>
>>> On 27 Feb 2004 12:25:20 -0800, (pyjamarama)
>>> wrote:
>>>
>>>> WASHINGTON (AP) - America's economy, bolstered by brisk business
>>>> spending, grew at a healthy 4.1 percent annual rate in the final
>>>> quarter of 2003. That was even faster than first thought and
>>>> offered new evidence that the nation's economic recovery was
>>>> firmly rooted going into the new year.
>>>>
>>>> The latest reading on the gross domestic product - the broadest
>>>> measure of the economy's health - was slightly better than the 4
>>>> percent pace estimated a month ago for the October-to-December
>>>> quarter, the Commerce Department reported Friday. GDP measures the
>>>> value of all goods and services produced within the United States.
>>>>
>>>> "The capital spending rebound is in high gear," said economist Ken
>>>> Mayland, president of ClearView Economics.
>>>>
>>>> Even though the fourth quarter's growth rate marked a slowdown from
>>>> the red-hot 8.2 percent pace of the third quarter - the best in
>>>> nearly two decades - it nonetheless represented a solid
>>>> performance.
>>>>
>>>> The 4.1 percent pace was better than economists were predicting.
>>>> They were forecasting growth rate of around 3.8 percent.
>>>>
>>>> On Wall Street, the report helped to lift stocks. The Dow Jones
>>>> industrials gained 34 points and the Nasdaq was up 4 points in
>>>> morning trading.
>>>>
>>>> Looking ahead, the economic picture seems promising, analysts say.
>>>> Economic growth in the current January-to-March quarter is expected
>>>> to clock in at a rate of around 4.5 percent or higher, according to
>>>> some analysts' projections.

>>> Why weren't you celebrating Clinton during the 90s if 4.1% is such
>>> great shakes?

>> Prime example of Weil's simplistic political views - obviously he
>> thinks that GNP growth is all that matters.
>
> Well, if he's going to "thank Dubya" for a specific growth rate, he
> should be thanking Clinton for the many quarters of much larger
> growth.

Not necessarily.

> Thank you for playing though, Mr. Science.

You lost again, carrot brain.

[pyjamarama]

dave weil > wrote in message >...
> On 27 Feb 2004 12:25:20 -0800, (pyjamarama)
> wrote:
>
> >WASHINGTON (AP) - America's economy, bolstered by brisk business
> >spending, grew at a healthy 4.1 percent annual rate in the final
> >quarter of 2003. That was even faster than first thought and offered
> >new evidence that the nation's economic recovery was firmly rooted
> >going into the new year.
> >
> >The latest reading on the gross domestic product - the broadest
> >measure of the economy's health - was slightly better than the 4
> >percent pace estimated a month ago for the October-to-December
> >quarter, the Commerce Department reported Friday. GDP measures the
> >value of all goods and services produced within the United States.
> >
> >"The capital spending rebound is in high gear," said economist Ken
> >Mayland, president of ClearView Economics.
> >
> >Even though the fourth quarter's growth rate marked a slowdown from
> >the red-hot 8.2 percent pace of the third quarter - the best in nearly
> >two decades - it nonetheless represented a solid performance.
> >
> >The 4.1 percent pace was better than economists were predicting. They
> >were forecasting growth rate of around 3.8 percent.
> >
> >On Wall Street, the report helped to lift stocks. The Dow Jones
> >industrials gained 34 points and the Nasdaq was up 4 points in morning
> >trading.
> >
> >Looking ahead, the economic picture seems promising, analysts say.
> >Economic growth in the current January-to-March quarter is expected to
> >clock in at a rate of around 4.5 percent or higher, according to some
> >analysts' projections.
>
> Why weren't you celebrating Clinton during the 90s if 4.1% is such
> great shakes?

I celebrated the republican congress from '94 on...

There wasn't any growth in Clinton's first two years.

[dave weil]

On Sat, 28 Feb 2004 03:30:34 -0500, "Arny Krueger" >
wrote:

>> Well, if he's going to "thank Dubya" for a specific growth rate, he
>> should be thanking Clinton for the many quarters of much larger
>> growth.
>
>Not necessarily.

Why not?

[dave weil]

On 28 Feb 2004 04:02:18 -0800, (pyjamarama)
wrote:

>> Why weren't you celebrating Clinton during the 90s if 4.1% is such
>> great shakes?
>
>I celebrated the republican congress from '94 on...
>
>There wasn't any growth in Clinton's first two years.

I 1992 4.2
II 1992 3.9
III 1992 4.0
IV 1993 4.5
I 1993 .5
II 1993 2.0
III 1993 2.1
IV 1994 5.5

In fact, there wasn't a quarter of negative growth from the beginning
of his administration until the third quarter of 2000, which was -.5,
following one of the strongest quarters ever (6.4.)

In fact, when they talk about the recession starting on President
Clinton's watch, they're talking about 3 weeks before the end of his
watch. Now *that's* some economic parsing.