Is The Recession Really Over?
The economic apparatchik of the Obama administration have been shouting to the rooftops that the recession is over. What's the evidence? The recent economic data says that the economy grew by 3.5% in the last quarter-making it the first time the economy grew in a year. Under normal circumstances it would be reason to celebrate however this isn't one of them. The reason is that the aforementioned 3.5 % isn't real growth-it's fake growth fabricated by the economic stimulus and the cash for clunkers program. The problem with government spending is the moment it stops, the economic benefit stops as well. Real economic growth comes from the private sector and small business job creation. In spite of this bump up in GDP, it has had little effect on the job numbers which remain flat at 9.8%. I think that in spite of the unemployment numbers and the slow economic growth, the democrats will continue to use smoke and mirrors to keep up the illusion of recovery until the midterm e...