The Bush Economic Recovery Continues

See the Washington Post article “Economy Gained Strength In 2006 Growth Dispels Recession Fears” Thursday, February 1, 2007 by Nell Henderson

■ “The U.S. economy turned in a surprisingly strong performance last year, new data show, growing 3.4 percent despite higher interest rates, high oil prices and the sharpest housing downturn in 15 years.

■ “The report from the Commerce Department, showing that economic growth picked up in 2006 from the 3.2 percent growth of 2005, dispelled any lingering doubts about the momentum of the economy going into this year.”

■ “Unemployment and inflation fell last year while wages and salaries rose at their quickest pace in five years, according to a series of recent”