Things are looking up - the U.S. Bureau of Economic Analysis issued a press release today stating that the economy grew at an annual rate of 3.4 percent in the second quarter of 2005, marking the ninth straight quarter of growth exceeding 3 percent. However, the gross domestic product slowed from the first quarter’s rate of 3.8 percent to 3.5 percent, a usual lull for the summer months. The report also showed that inflation is under control, and reported growth in areas including software, housing, car sales, and government spending.

We can thank President Bush’s tax cuts for the strengthening economy, as well as the increased employment rate.

This entry was posted posted by Brad on Friday, July 29th, 2005 at 11:20 am under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.