U.S. GDP Rises 2.8%
0The Commerce Department announced today that the economy grew by an annualized rate of 2.8% in the 4th quarter of 2011. That makes it the best quarter for growth in this tepid recovery. The best growth quarter during Reagan’s recovery was 9.3%. Also, business investment grew by a snails pace, 1.7% – down from 15.7% in the third quarter. Obamacare and the regulatory burden are still holding down business investments.
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