The 2.5% GDP Growth Spin Job

From usawatchdog.com:

Last week, the government announced the economy (gross domestic product, GDP) grew at a 2.5% rate. The mainstream media (MSM) hailed this as some significant turnaround. Businessweek.com reported, “Buoyed by a resurgent consumer and strong business investment, the economy expanded at an annual rate of 2.5 percent in the July-September quarter, the government said Thursday. The expansion, the strongest quarterly growth in a year, came as a relief after anemic growth in the first half of the year and weeks of wild stock market shifts.” (Click here for the complete Businessweek.com story.) Where did this so-called growth come from? My bet is most of it came via money printing b

y the Fed, credit card use and inflation that is mistakenly reported as growth.

FULL ARTICLE