Cynical? Accurate?

It seems absurd that the government in our "free-market" economy (continue when the side splitting laughter abates) would artificially cause the value of junk cars to inflate and push auto sales, but perhaps there is an ulterior motive:

The program raises significantly the chance of a positive third-quarter gross domestic product growth figure. [Read]

Could the government really by trying to goose the economy to make it look better than it really is? Well, this is now pretty much guaranteed to be a "W" shaped recession.

posted at 20:00:17 on 08/05/09 by clearpolitics - Category: Economics - [Permalink]

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J Ferguson wrote:

"As Wells Fargo (WFC), Bank of America (BAC), Citigroup (C), and JPMorgan (JPM) -- the biggest holders of property in the country -- continue to bow to White House demands to keep housing inventory off the market, a legitimate sustainable recovery in housing will remain elusive."

Does that sound a "free-market" economy? This government is a JOKE!
08/06/09 00:34:53

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