Economy Booming

Bloomberg reports that the U.S. economy is ahead of expectations (again, those experts are surprised!):

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.

There will always be bumps in the road (like the current mortgage ‘crisis‘), but that’s normal. What’s important is that our economy is — overall — charging forward. Don’t forget that the Dow Jones average has doubled (from 7,000 to 14,000) over the past decade.

Just to put it in perspective, for the DJIA to go from zero to 7,000 it took 60 years!

Our economy is roaring. Anyone who says otherwise is running office, and is most likely blue through and through.

There’s my two cents.


I'm a gun-owning, Bible-thumping, bitter clinger conservative in the heartland. You can disagree with me if you want (you do, after all, have a right to be wrong)...just don't be rude or stupid and we'll get along just fine! :)

Posted in Economy

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow me on Twitter

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 95 other followers

%d bloggers like this: