[DaisyCutter]

More than 100% of it.

We borrowed and spent over $400 billion in the quarter. Most of that didn't even show up in GDP, it effectively went into a black hole. I think we would have needed GDP +11% or more to show growth beyond that of the federal government's debt binge. Without the debt binge, GDP would have been negative.

[Zeddicus]

Exactly. This GDP number is completely fudged with government spending of money we don't have. Our government is overtly publishing propaganda and outright lies in an effort to deceive the public.

Denninger has the real story on this GDP report: First Quarter 2010 GDP Advance