Thursday, October 29, 2009

NOW THEY ALLEGE Q3 2009 GDP IS 3.5%...LOL

The Recession's Over and Q3 GDP is +3%, Break Out the H-1B Champaign

Per article from 9/2009 Whitehouse Q3 2009 report in part:

"...There is broad agreement that the ARRA has added between 2 and 3 percentage points to baseline real GDP growth in the second quarter of 2009 and around 3 percentage points in the third quarter...."

The rest of the URL:

http://www.whitehouse.gov/administration/eop/cea/Economic-Impact/

Meaning, without the almost $1 trillion dollar stimulus IOU to our grandkids, made earlier this year, our "H-1B champaign Q3 GDP" goes back to about zero [or worse, IMO].

Ask the approx 50,000,000 severely underemployed and unemployed Americans today if "the recession's over" and more uncontrolled population won't hurt us at all now.

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