Tuesday, November 24, 2009

AP: Economy's rebound not as strong as first thought. 3.5% Q3 GDP revised down to 2.8%

AP: Economy's rebound not as strong as first thought. 3.5% Q3 GDP revised down to 2.8%
"So if the consumer spending is down, one way to artificially inflate the GDP number is to increase government spending with money that the government doesn't, by the way, have. \
In essence, the GDP number is positive due to increased debt!
It's purchased on a government card that has no credit limit.
Yet, the MSM has trumpeted the end of the recession after 4 straight quarters of negative GDP:"

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