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The recent numbers are not good, but when you factor in continued high gas prices and global disruption caused by the nuke disaster and other events this spring there's reason for numbers to be where they are.
The same report by the government also indicated that business investment continuing to be up as companies seek to increase productivity. Hell, the North East is seeing a lot of growth in the aerospace industry keeps cranking out the orders for more aircraft. Parts suppliers in CT are experiencing record earnings.
So the GDP alone isn't reassuring but it's also not all bad.
To be honest I haven't seen anyone this giddy over bad news since Moveon.org mocked Gen. Petraeus.
-spence
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