Business Spending Propels Recovery
The U.S. economy grew at a slower pace in the first quarter, but the underlying trends—including a bigger share of growth from industry, strong consumer spending and low inflation—were encouraging.
The federal government and their minions and regulators destroyed the economy. Millions lost their jobs. Millions are facing losing their homes. Millions of businesses were closed.
Now the federal government is claiming that the economy is recovering?
Not by any rational, honest measure. Keep in mind that the federal government lies that when the size of government grows, that this is the same as the economy growing. But it is the exact opposite. When the size of the government grows, the size of the economy shrinks. The only thing the government produces is more regulation and inflation. When government regulation increases, this reduces the ability of businesses that produce products that consumers want to increase.
When the government talks about consumer spending increasing, they are lying again. Inflation is running rampant. Any increase in spending is because of inflation. It takes more money to buy less goods. Have you ever looked at how the government lies about inflation? Every year the government looks for any product that didn't increase in price and then uses that to prove there is no inflation. The current measure of inflation doesn't include food, transportation or housing. Obviously these are NOT things the average consumer needs, wants or uses. So it therefore must be fair for the government to exclude this items for their ever changing measure of what is inflation.
So the next time you see a report from any government liar about how the economy is improving, look around at all your unemployed friends and try to figure out how the economy could be improving when you and everyone you know is worse off.
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