GDP Report is Bogus

[ihopehefails]

I have my doubts about the recent GDP report that shows a 5%GDP growth because you have to consider that when you tank the economy this bad that there is going to be a rebound and the fact that there is massive amounts of government spending to go along with it. GDP is measured in Consumer Investment Government and I would like to see a break down of these three factors. I bet government spending would be the one that is cancelling the continued decline of the other two factors.

BTW, still have no jobs....

 

[Toro]

Feel free to do the research yourself. Its all here.

BEA National Economic Accounts