Annualized GDP growth for fourth quarter comes in at 5.7%.
Stimulus obviously contributed. This is good news for America. Like the economic policies of the administration or not, this is great news for families. GDP growth = jobs.
http://www.bloomberg.com/...
Jan. 29 (Bloomberg) -- The economy in the U.S. expanded in the fourth quarter at the fastest pace in six years as factories cranked up assembly lines to prevent inventories from plunging.
The 5.7 percent increase in gross domestic product, which exceeded the median forecast of economists surveyed by Bloomberg News, marked the best performance since the third quarter of 2003, figures from the Commerce Department showed today in Washington. A smaller decrease in stockpiles contributed 3.4 percentage points to GDP, the most in two decades.
PS. If you think this is bad news please go to http://www.gop.com and http://www.freerepublic.com where you belong.
PPS. No wonder the President hugged Geitner. Geitner looked terrible at SOTU. He looks like he has aged 10 years in 1.