Report: Economists Say Recession Over, Want Bernanke to Stay - Political News - FOXNews.com

Productivity is up, the experts tell us. But it's because of the massive layoffs that have occurred. It can't be sustained. Gaps in businesses will start to show. I'm saying that the economy is only getting better on paper. Since the accounting methods are not accounting for gaps in business, because of the turmoil of job losses, then we have this temporary effect of showing things are getting better. They are not. You have to look at the fundamentals to see that, such as employment and housing foreclosures and spending versus earnings. These are all solidly down. I believe there is a lot of instability going to show in the fourth quarter and starting next year mainly because of government meddling. Report: Economists Say Recession Over, Want Bernanke to Stay - Political News - FOXNews.com: "However, in the current recession, companies have been using the productivity gains to bolster their bottom lines in the face of declining sales. Many companies have been reporting second-quarter earnings results that have beaten expectations despite falling sales, due largely to their aggressive cost cutting."