Proof the Bush administration has been artifically inflating economic numbers.
GDP rose 3.9% instead of 4.4% as the Bush administration earlier reported during in the first quarter of last year.
That means that economic growth SLOWED from the last quarter of 2003 to the first quarter of 2004..
Growth was 4.1% in the last quarter of 2003. The Bush administration needed the positive economic headlines so they announced the GDP swelled to 4.4% in the first quarter of 2004. But it SHRANK to 3.9% and WHERE ARE THE HEADLINES?!?!?
THEY LIED AGAIN!!!!!!!
Some articles
New article talking about revision downwards:
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1088201411621&call_pageid=968350072197&col=969048863851"U.S. cuts first-quarter GDP growth
Economy grew at 3.9% rate, a dip from previous 3 months
Higher imports, less bank service spending lower estimate
ANDREA HOPKINS
REUTERS NEWS AGENCY
WASHINGTON—The U.S. economy grew much more slowly than previously thought in the first quarter and inflation was higher, a report showed yesterday.
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Article in MAY boasting of "better than expected" growth":
http://www.showmenews.com/2004/May/20040527Busi006.asp"GDP posts 4.4 percent rate increase
Published Thursday, May 27, 2004
WASHINGTON (AP) - The economy grew at a 4.4 percent annual rate in the first quarter of this year, slightly faster than previously thought and fresh evidence that the recovery possessed good momentum as it headed into the current quarter.
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This administration lies about EVERYTHING!!!