The U.S. economy posted better-than-expected growth in the second quarter, bouncing back from its worst performance in five years.
U.S. gross domestic product, which measures the output of goods and services in the economy, expanded at a seasonally adjusted annual rate of 4% in the three months ended June 30, the Commerce Department said Wednesday. Consumer spending, business investment and inventory stockpiling all rebounded strongly. Economists surveyed by Action Economics expected 3% growth.
With the combination of the economic Armageddon of ObamaCare, the War on Coal, the crushing regulatory blows of Dodd-Frank and the EPA, hyperinflation and the rest of the Socialist agenda that practically requires everyone to sit on their duff instead of working.....how is this possible?
I know....the government is cooking the books again, and then forces the private sector to make up numbers about increased production, record earnings and hiring.