How could this be? It destroys the doom and gloom predictions of the left!!!

We've been hearing for months and months now that we are in a "recession"...yet we have yet to actually experience the lack of economic growth that is required to be considered a recession: at least two back to back quarters, or more, of negative growth - we have had low growth, but have not yet experienced a negative quarter at all! Again, a myth perpetuated by the looney liberal left MSM - proving they actually hope and want for disaster for the US!

US logs better but still weak growth
Thursday May 29, 6:10 pm ET By Jeannine Aversa, AP Economics Writer

US logs better but still weak growth; far from being out of the woods

WASHINGTON (AP) -- The economy logged slightly better -- but weak -- growth in the first quarter, spurred by improved sales of U.S. products overseas. While that's heartening, the country's economy is still far from being out of the woods.

In fact, a closer look behind the 0.9 percent increase in the gross domestic product during the January-to-March period revealed much caution on the part of consumers who have been clobbered by the housing, credit and financial debacles.

"What emerges is a picture of an economy that's gasping for air," said Bernard Baumohl, managing director of the Economic Outlook Group.

Consumers -- major shapers of overall activity and thus the economy's lifeblood -- boosted their spending at the slowest pace since the last recession, in 2001. And, their decreased appetite for shopping sprees reduced sales of foreign-made imports here, which helped to narrow the trade deficit.

The new GDP reading, released Thursday by the Commerce Department, was an improvement from the government's initial first-quarter estimate as well as the economy's performance in the final quarter of last year. Both periods were pegged at a 0.6 percent growth rate.

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