If we are to believe that we technically came out of the Pelosi-Reid recession in 2009, to have 1.7% growth 2 years into the recovery is cause for great celebration!

It just goes to prove how the Obama administration, with the help of the Pelosi and Reid congress, truly put the country on the road to recovery.


Real GDP increased 1.7 percent in 2011 (that is, from the 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by negative contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.