GDP - Gross Domestic Production

We Ask You To Think About The Latest GDP Report Before You Cheer The Messenger

The definition of GDP--- The TOTAL MARKET VALUES of goods and services produced by workers and capital within a nations borders during a given period. While celebrating a 4th quarter rise in the GDP of over 5% this is good news. I don't want you to get mad at me when I explain my opinion as to why this is NOT a TRUE figure (while at least it is a positive, it is NOT a TRUE positive).

1. The reason manufacturing was up in the 4th quarter is because many businesses held back on orders (allowing inventories to deplete with all the uncertainties from day to day business) and at the last possible moment ordered for Christmas, in hopes of having a GOOD year end. You know "CHRISTMAS"---that holiday that POLITICAL CORRECTNESS doesn't want to recognize, but is still willing to accept ALL THE WINDFALL PROFITS.

2. and most important of all----In the 3rd quarter when CASH FOR CLUNKERS was selling record numbers of autos because the tax payers had to bear the cost of BILLIONS OF DOLLARS to sell the cars sitting on showroom floors collecting dust while auto plants were starting to shut down and lay off. Now comes the 4th quarter and the push to re-stock showroom floors. The next CASH FOR CLUNKERS (and rest assure there will be another) everyone should buy a Ford, the only AMERICAN OWNED auto company making it on it's own (no taxpayer funding). General Motors and Chrysler took about 100 Billion taxpayer dollars (which will never be returned) and are now looking for more.

I challenge the Obama administration to use the 4th quarter numbers of 2008 for auto production in place of the 4th quarter numbers of 2009, and that will be a more realistic GDP number. The real explanation for the remarkable unbalance in the rise of GDP with no positive reflection to the job market is on the backs of the taxpayer for the benefit of the auto industry. And as the rest of America struggles, Obama, his cronies and Ben Bernake will take credit for a 5%+ GDP for the 4th quarter of 2009. I wait patiently to hear the way they are going to SPIN-OFF the hit that the GDP is going to take in the 1st quarter of 2010.

And for those that may think I'm blowing smoke hold your comments and criticism for 90 days until that GDP number comes out and let me know who's crazy and who makes sense, I know Washington makes NO SENSE at all.