When Americans enter the voting booth next month, they will do so at the beginning of the sixth year of the Bush economic expansion, which commenced in November 2001 following an eight-month recession. Over the past 60 years, there have been 10 U.S. economic expansions, which represent periods of sustained economic growth reflected in rising levels of gross domestic product (GDP), income, employment, industrial production and wholesale-retail sales. The current expansion is now the fourth longest since the end of World War II.For a fairly detailed overview of the underreported economic expansion (or as Democrats put it, "economic collapse"), read the full article here.
Technorati Tags: Economics, 2006 Elections
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