Economy Surged In Second Quarter

From MarketWatch:

The U.S. economy looks much more vigorous in the second quarter than previously thought, as a report released Thursday showed businesses got off the sidelines and spent some money.

The acceleration in business investment, if it’s sustained, could add to the economy’s momentum in the months ahead. The data show why the Federal Reserve is considering hiking interest rates at its next meeting in September.

The U.S. economy grew at a faster 3.7% annual pace in the second quarter, up from the initial estimate of growth at a 2.3% clip, the Commerce Department said Thursday.

When folks like the right-wing cranks at "The American Thinker Stinker" saw the late July estimate of 2.3%, they were predictably gleeful at the "lousy" growth.  Now we have a little tune for them.

Thanks a lot, Obama!