I thought this was well put.

From the Daly Reckoning:

"Don't believe the GDP hype," Dan Denning cautions from his post here in Melbourne. "The big problems in the economy - too much debt, too much leverage, too much government - are still there. They didn't go anywhere overnight. We'd suggest that getting sucked back into stocks now because of the US GDP figure is a very bad idea.

"Of course, we could be wrong," Dan continues. "Maybe stocks will go up another 20% from here. Or 30%. Or 50%. But it's not likely. It's more likely that the recession is over, but that the Depression has just begun.

"It's begun because what the US GDP numbers actually show is a private sector in full retreat as its income shrinks, its assets fall in value and the cost of servicing debt rises. Into that terrible breach the public sector has stepped, armed with an arsenal of inefficient and stupid programs that give the illusion of economic activity, but actually prevent the economy from liquidating excess capacity and bad debt (the two conditions required for a real recovery)."

The “GDP Fraud"

http://dailyreckoning.com/the-gdp-fraud/