Third quarter GDP grew 3.5%, beating estimates of 3.2%. Usually this indicates a healthy recover. But this quarter, the growth came entirely from one time adjustments.
3.5% 3rd quarter growth
-1.6% Cash for Clunkers
-.53% First time house buyers credit
-1.0% Stimulus
0.37% GDP growth without one time government programs
Growth without one time government spending is still anemic. No wonder unemployment is greater than 10%.
