U.S. GDP Rises 2.8%

Friday, January 27th, 2012 and is filed under News

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The 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.