Sunday, January 30, 2011

GDP Grows in 4th Quarter of 2010

I know it is hard to believe the economy is growing a steady pace with Democrats in charge. Republicans say it isn't so. But the facts tell another story. Real GDP, the total amount of goods and services produced in the country, grew at a 3.2 percent annual rate in the fourth quarter of last year, the sixth straight quarter of positive growth. For 2010 as a whole, GDP rose 2.9 percent, the fastest since 2005.

Here is a chart demonstrating the dramatic turnaround in the GDP since President Obama took office: