The U.S. economy bounced back nicely in the second quarter, growing at an annual rate of 4 percent, while the previous month’s contraction was revised upward from decline of 2.9 percent to 2.1 percent.
The growth, along with a string of monthly job gains ranging over 200,000, suggests the possibility of sustained growth. But the Obama Recovery has been marked repeatedly by signs of real growth followed by bitter disappointment.
We’ll see. You can’t keep the U.S. economy down forever, no matter how bad a president’s policies are.