Are official GDP growth statistics wrong?

[War on Want]

Well, according to our state statistics, Minnesota is in a recession.  But methinks our numbers are more accurate than the federal ones.

And Minnesota is one of better off states in the country...

[War on Want]

Most likely not, but I won't be surprised if the CPI basket is somehow dealt with, making real GDP a lot lower than it is.

Remember the Soviets were so accustomed to giving false data they had to spy on the CIA to see what their spies were estimating about the Soviet economy.

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I guess things are going swell down in Michigan, with Help Wanted signs everywhere and construction sites dotting every block. In fact I hear that GM stock price has soared lately.

A one state recession doesn't mean that the whole nation is in a recession.  Buy GM stock now - it's low!!!

Because all cars in 10 years will magically be run off of hydrogen-coal bunny fuel!!

[War on Want]

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Not just that. Because oil is going to decline faster than anyone is prepared to make adjustments to (and currently oil is just holding steady even as demand surges, hence the high prices), personal auto sales in general are going to crash all the way until renewable sources become as cheap and plentiful as fossil fuels currently are.

It's too late for an easy transition, since we should have continued what Jimmy Carter started before Asia and Latin America started mass industrialization.

So at this point automakers must either engage in a crash course of fuel efficiency (maybe 100 or 150 mpg will save them, something even Toyota will struggle to pull off) or invest in rail vehicle manufacturing. That's going to be a big growth industry in the coming years.

Don't just look at me. Look at the oil projections.

Exactly, almost 100% of car companies will collapse in the near future as big players.