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Government Statistics Paint a False Picture of Recovery

Are you feeling the recovery yet? You should be, at least according to the president. In his State of the Union address, he said that the economy had “turned the page” and that “the shadow of crisis has passed.” Official government statistics put the unemployment rate at just 5.6 percent, there is no inflation, and GDP growth in the third quarter of 2014 was a booming 5 percent. Never mind that fourth quarter growth was half that, and the economy actually shrank in the first quarter - cherry picking is only bad when other people do it - just keep your eye on the shiny golden 5!