“The Economy is Booming”

And I blame Bush for these numbers!

Via Bloomberg.

U.S. economic growth rose at a 4.3 percent annual rate from July through September, the quickest since the first quarter of last year and evidence of the economy's resilience in the face of record energy costs.

The revised figure for gross domestic product, the value of all goods and services produced in the U.S., was higher than forecast and compares with a 3.8 percent pace initially estimated, the Commerce Department's figures showed today. Growth was 3.3 percent in the prior three months.

A second straight quarter of declining inventories will keep factories humming, providing fuel for an economy that's grown in excess of 3 percent since March 2003, the longest such streak since 1986. Consumer spending, construction and business investment were stronger than the government first estimated.

“The economy is booming,'' said Mike Englund, chief economist at Action Economics LLC in Boulder, Colorado. Englund correctly forecast third-quarter growth. ”As much as people may have been concerned about gas prices, consumers took the hit and now gas prices are falling.''

Strange how quiet our friends on the left have been about the lowering gas prices. They were just so darn excited when prices were high, and HOPING for bad economic numbers.

Their silence is just another stark example of how good news for America is bad news for the Democrat party.