Gross Domestic Product grew at an annualized rate of two percent in the third quarter, the latest evidence that almost four years into the Obama presidency, the economy is still struggling to launch itself into a normal rate of growth.
The rate is a bit higher than the 1.5 percent rate of growth in the second quarter. But anybody who is basing their vote on the GDP number will know that two percent is crummy and won’t do anything to reduce unemployment.
This is that last GDP report that will be released before Election Day. Next Friday the final unemployment report of the election season will be out.