U.S. economy grows at fastest rate in 6 years
The U.S. economy grew at a breakneck rate of 5.7 percent at the end of 2009, the government said Friday, providing the strongest evidence yet that the nation will avoid a dip back into recession.
Everyone except government economists, flunkies, toadies, minions, henchmen, ... is unemployed or soon to be unemployed. However, that doesn't stop the economists from claiming the opposite.
While we are at the beginning of the greatest depression this country has ever known, how can the government economists claim anything other than the economy is crumbling?
Easy.
Take the numbers from the Christmas season, traditionally the strongest business month of the year, and then annualize that. Now when you compare the Christmas season to the rest of the year (which had skyrocketing unemployment and home foreclosures) the business activity at the year end starts to look much better than it actually is.
Aren't you glad that the government is always able to look at the bright side of things?
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