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US Economy is growing but October 30, 2009

Posted by hslu in Economics.

US Economy is growing but


The U.S. economy grew 3.5% in the third quarter of this year.


It was a great news but how much of that 3.5% were from the cash-for-clunker program and the $8,000 tax incentives to first time home buyers?


I am not sure people felt like it though because there were still 521,000 new jobless claims filed last week.


I guess the federal government has to borrow more money to keep the economy afloat because fewer people are buying these days.


I wonder what the fourth quarter will be like. Many economists predicted a 3 increase. We’ll see about that. Are you buying more gifts this year?Are you buying more expensive gifts this year?


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