The Recession Ended… in September

Says who: U.S. Commerce Secretary Gary Locke, as the department reported a 3.5 percent growth in the GDP in the third quarter following six quarters of decline.

“Today’s numbers indicate that the tough decisions this administration made to rescue the economy from the abyss were correct. We’re headed in the right direction, and even though there are still too many Americans out of work and still much work to be done, without the action taken in the early days of this administration, the pain families are feeling today would be much worse.” (Commerce Department press release) [Read more]

--Posted by Marie Wiltz, RecessionWire.com

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