Economy is growing - bad news for the bears

The US economy is not in a recession. It grew in both the first and second quarters of 2008. The perma-bears can't accept this good news, so they color it to make it bad news. "The 1.9 per cent growth was smaller than expected."

Financial News - Yahoo! Finance:

But the gross domestic product still increased at a 1.9 percent annual rate, up from 0.9 percent in the first quarter but less than the 2.4 percent economists were looking for.