Notwithstanding the loud and shrill protestations of the liberal media, the U.S. economy in 2007 continued to expand:
4.9% – inflation-adjusted GDP growth, Q3 07
3.8% – inflation-adjusted GDP growth, Q2 07
0.6% – inflation-adjusted GDP growth, Q1 07
At the completion of Q3 the economy had expanded in real terms over the course of 24 consecutive quarters. That’s six years.
Regarding 2008, most professional economists expect an annual real growth rate in the range of 2.0% – 2.75%. Not spectacular. But certainly not bad for a mature economy seven years into a growth cycle.
Lastly, keep in mind that when it comes to national partisan politics it’s all about the stupidity, economy….