Posted on 04/14/2010 3:34:14 AM PDT by Scanian
The president, the left-hand majority of the media, and the Democrat political leaders are all trumpeting about how the recession is over. They say that employment will recover soon, that employment is a lagging indicator. Since they all speak with one voice, let's just call them, as a single entity, the Blob.
The Blob fails to mention that nothing is recovering except the banks and stock market.
So let's explore these two issues of supposed recovery.
1) The banks are recovering because the government continues to pump money into them. The Blob insists that the banks are paying back the TARP money, making a big profit as well, and that "there's nothing to see here." But is this really true? Where are the banks getting this money? Most of it is not from banking.
The Fed creates money from thin air and loans it to the banks at less than 1%, who then loan that same money to the Treasury. The Treasury pays more interest than the Fed charges, so this is a stealthy way for the government to simply give money to the banks for doing nothing. This is a simple handout: money for nothing. The cherry on top is that the Treasury gets money to continue spending like a drunken sailor without increasing taxes. OK, my apologies to drunken sailors.
(Excerpt) Read more at freerepublic.com ...
Link out of Twilight zone.
Bankers and lawyers in Congress have gamed the system
without accountability or transparency.
For 60 years.....
I cringe every time I see the lying propaganda repeated that the stock market is recovering. It is not except on paper and in the gaseous pronouncements by Onada Regime cronies. I certainly don’t see it where it counts—in my portfolio.
“The Recoveryless Recovery”— great minds think alike- I’ve been calling it that for a long time. Looks grim where I live.
ANYONE stating there is a recovery is a LIAR!
LLS
Does HE own it now? The second dip, will the be Bush’s fault?
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