GDP up 3.9%

GDP came in at 3.9% for the last quarter. Great. Then the reasoning for cutting rates just flew out the window. If Bernake still cuts after a 3.9% GDP jump he will join Carter and Bush Jr. in the list of "Worst Ever".

3.9% is pretty good growth. Not super duper great, but decent. It is absolutely not the kind of growth that requires rate cuts. All I have been reading/hearing over the past month is how the economy is in a recession or about to be in one and we need rate cuts pronto. Well at 3.9% that is simply not the case. Anything over 2.5% is considered strong growth and we sure as hell do not need a rate cut.