Here’s an interesting analysis on the most recent Gross Domestic Product numbers, the job creation data released by the White House, and what it all may mean for the economy as it tries to work slowly out of the current recession. The key question is whether we are seeing any real economic growth, or just the impact of one-time, here-and-gone programs like Cash for Clunkers and first-time homeowner tax credits that may simply be shifting purchases from later period to earlier periods in response to government incentives. The article concludes that the current answer to that question is uncertain, to say the least.
Economic numbers have been spun in a way that would make George Orwell cringe.
Best Regards,
PoliticalPen