ECONOMY - Growing, But Not Enough (reprise)

"U.S. Economic Growth Continues at Sluggish Pace" PBS Newshour 7/27/2012

Excerpt

JUDY WOODRUFF (Newshour): The great recession officially ended three years ago, but the latest look at the U.S. economy today suggests a full recovery is still a long way off. The struggle was highlighted in a report from the Commerce Department.

Consumer spending powers the U.S. economy, but Americans weren't hitting the stores this spring, and when they did, they weren't spending nearly as much. As a result, economic output, measured as the gross domestic product, rose at an annual rate of just 1.5 percent from April through June. The Commerce Department did raise its estimate of first-quarter growth to 2 percent.

Still, that's not considered sufficient to encourage hiring and bring down unemployment.

At the White House, spokesman Jay Carney pointed to 12 straight quarters of growth, but acknowledged it's not enough.

ALSO:

"U.S. economy still growing -- but not by much" by Steve Benen, Maddow Blog 7/27/2012

"Shields and Brooks on Economic Forecast, Mitt Romney Overseas, and Campaign Ads" PBS Newshour 7/27/2012