Economy Rebounds in 2Q

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Economy Rebounds in 2Q, Spurred by Exports
(excerpted from an article)

By Howard Schneider
Washington Post Staff Writer
Thursday, August 28, 2008; 10:29 AM

"U.S. economic growth accelerated from April to June as taxpayers spent their federal rebate checks and a weakened dollar boosted exports, the government reported today.

According to new data from the Department of Commerce, gross domestic product grew at an annualized rate of 3.3 percent in the second quarter of the year, the fastest rate since mid-2007. The department had initially estimated growth for the period to be 1.9 percent, but more complete data -- particularly on exports by U.S. companies -- showed the economy to be growing faster. . . "
So much for the mainstream media claim that we are in a recession.

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