The state of the economy is…sluggish.

“The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially estimated, the government reported Wednesday in the sort of unusually large revision that has happened only seven times in the last 30 years.” Last month, President Bush touted the initial growth rate estimate — 3.5 percent — as a sign of a “strong” economy.

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