[Zeddicus]

Denninger debunks this quite handily this morning:

GDP Is..... Better Than Expected?

It's all smoke and mirrors.

[LuvFreeRepublic]

Great post Zeddicus. I expect we will see more of the real picture as FReepers do their thing.

[THX 1138]

The AP story on this is hilarious. Just one nugget:

A top concern is whether the economy can continue to stand on its own feet after government supports are gone.

Many economists predict economic activity won't grow as much in the months ahead as the bracing impact of President Barack Obama's $787 billion package of increased government spending and tax cuts fades.

Gee, ya think?

[ClearCase_guy]

It’s frightening that the government lies about this stuff — and thinks that it can get away with it.