Apparently* the economy is looking up for a change! That’s very good news.
The GDP grew by 2.4% surpassing expectations of a 1.5% growth. Unemployment claims also went down (more good news!)
And the manufacturing index is up to 55.9, which is supposed to also be a good sign.
Go read the rest of this good news!
One of the major factors leading to this recovery was an increase in Defense Spending! (You know, the thing some Dems want to cut!)
This is great news! Not only do the Armed Forces benefit from the increase in funds, but the Economy and the nation benefit too. It’s a win-win situation! (Note: I’m deliberately ignoring any political/partisan benefits)
Now, I wonder what President Reagan would think of this news….Superior firepower….heh.
*Since I’m not an Economics student, and know little on the topic, I will need to consult with my friends who are Econ. majors, and see if things are really as good as they sound. It pays to befriend people who aren’t science majors sometimes.