GDP was up 1.9% in the second quarter, but gains will be attributed to stimulus checks

[BeyondGeography]

Minutes ago, the number came out; here's a piece that anticipates it:

http://www.cnbc.com/id/25934516

[marmar]

1. The forecast was 2.3 %.....This isn't too pretty.

The stimulus wasn't so stimulating.

[davidpdx]

2. In the toilet would be the phrase to describe the ecomomy

My stimulus check was used to pay bills. The economy is crap. We have GW to thank for our economic woes.

[Zynx]

3. Considering the stimulus checks, if spent entirely during the second quarter

would have resulted in 4% annualized growth(1% of GDPx4), that's not too hot. I know many of the stimulus checks came out in July and not June, but still.

[uponit7771]

4. 2007 NUMBERS REVISED!!!! NEGATIVE GROWTH IN 2007!!! The Bush admin is HORRIBLE!!

[Abacus]

5. That puts the Electoral Barometer at -54.9

((31-61)+(5*.019)-25), which is revised from the previous estimate of -63.97.

http://www.centerforpolitics.org/crystalball/print.php?article=AIA2008052901

(http://www.pollingreport.com/BushJob.htm)