End of the Recession!

Wow, did you hear? The recession is over again! Yes sir. Happy days are here again!

The GDP rose 3.5%. That is huge!

Now for the bad news. That is all Cash for Clunkers and housing tax credits.

In fact, apparently for every $4,000 rebate for the cash for clunkers program, we the people are out $24,000. We could have just given away the cars and had the same effect. But hey, that is a government plan is action. According to the government the program was a huge success. I guess only spending $24,000 for a $4,000 rebate is a success when it comes to the government.

Stripping out auto output, the economy would have expanded at only a 1.9 percent rate in the third quarter
Well, that's not so huge, but still good news. Of course, when you take out the government job expansion, and the housing tax credits, we are back in negative GDP growth.

But here is what really chapped my hide this morning. That stimulus was supposed to jump start the economy, and create or save what was it – 4 Million, no, 3 million jobs?

More fraud and fibbing here as well. The millions are more like thousands, and apparently the thousands were overstated and triple counted and just plain fabricated.

Stimulus Jobs Overstated by Thousands
http://www.newsmax.com/insidecover/us_stimulus_jobs/2009/10/29/278665.html

So – the GDP isn't really growing, and the stimulus hasn't really created any jobs to speak of. But, we can now trust the government to take over the health care industry.

I read somewhere the other day, that the reason there is now some 80 Billion dollars in medicare fraud every year, is because they (the government) don't have the money to hire the manpower to look into the fraud.

I would think they would pay for themselves the first week. But then, I am not in the government. So I guess I don't understand how wasting 80 Billion is OK. Of course if they solved the fraud problem now, they would not be able to use it as a selling point for the new health care takeover.

Maybe I do understand how the government works.