Tell Me Lies Tell Me Sweet Little Lies
Tell Me, Sunday President WC said in his radio address
"Recent economic reports show that our economy is growing faster than any other major industrialized nation."
Whatabout China? Isn't that a major industrialized nation?
The world's sixth biggest economy [China] clocked in at a higher-than-expected 9.5 percent growth in the first half of 2005.
If you are one of those folks who think that China not being a member of the g8 automatically disqualifies it from being an industrialized nation, I present Russia. A bonified member of the g8 and it's economic numbers are:
GDP increased by just 5.2 percent in the first quarter, the lowest quarterly figures for Russia in three years
From the White House August 9th:
Economic Indicators Show Sustained, Robust Growth. Recently released Commerce Department figures show that the U.S. economy grew at a solid 3.4 percent annual rate in the second quarter, the ninth straight quarter in which GDP increased at a rate above 3 percent. Smaller inventory figures from the most recent data also signal further growth in the near term.