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The government revised the GDP report for the second quarter. Before, the government said that the economy grew by 3.285% for April to June quarter. Now it turns out the economy really grew by 3.307%.

To some people what I have to say will be heresy, but economic growth is surprisingly stable. By listening to political rhetoric, you’d think the economy gyrates wildly, usually corresponding to policy changes in Washington. But the facts say otherwise.

Since March 1966, the economy has grown by 3.0792% a year.
Since December 1997, the economy has grown by 3.0798% a year.
Since June 1986, the economy has grown by 3.0795% a year.
Since December 1997, the economy has grown by 3.0710% a year.

Looks like a trend to me.

Posted by edelfenbein at September 29, 2005 10:29 AM