GDP Probably Grew as Stimulus Took Hold: U.S. Economy Preview [View All]

[DuaneBidoux]

Source: Bloomberg

Oct. 25 (Bloomberg) -- The economy in the U.S. probably grew in the third quarter at the fastest pace in two years as government stimulus helped bring an end to the worst recession since the 1930s, economists said before reports this week.

The world’s largest economy grew at a 3.2 percent pace from July through September after shrinking the previous four quarters, according to the median estimate of 65 economists surveyed by Bloomberg News. Other reports may show sales of new homes and orders for long-lasting goods increased.

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=aDGvmWmB18w0

---

Yes there's a way's to go, but statistically it will be recorded that the Great Republican Recession ended only 6 months after the Democrats came to power, thanks to a stimulus package that, in spite of flaws, helped the U.S. economy start to regain its footing.

Over and over again the right has mocked the stimulus package--but it has, and is, working. We will have avoided a Republican depression, and this we must never let anyone forget.