Economic Growth Slows

Worth Clicking: Blasts from the past wound Romney

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July 30, 2010

Economic Growth Slows

The U.S. economy slowed in the second quarter and the government now says the recession was deeper than earlier believed, the Wall Street Journal reports.

The Commerce Department says the nation's gross domestic product rose at an annualized seasonally adjusted rate of 2.4% in April to June, less than most economists were expecting.

The Washington Post notes the recovery "has been losing power for two straight quarters. That raises concerns about whether it will fizzle out. Or worse, tip back into a 'double-dip' recession."

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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July 30, 2010