[ClearCase_guy]

I continue to be amazed that about half the news stories say that everything is looking up and about half the stories say that the sky is falling.

Usually, I just assume that much of the media is propping up the powers that be, and saying that things are good even though everyone knows its not good. The good news that one sometimes hears is probably just lies.

But there is the possibility that economists really have no fundamental understanding of things and just guess at stuff.

[blam]

"I continue to be amazed that about half the news stories say that everything is looking up and about half the stories say that the sky is falling."

Everyone I know is saying the same thing."

IMO, there is positive economic news but it is supported only/mostly by deficit spending/priming (QE).

[Bon mots]

But there is the possibility that economists really have no fundamental understanding of things and just guess at stuff.

Look at it from a simple 3rd grade mathematics point of view.

Gov't Debt	=	+$20Trillion
IRS Revenue	=	$2.5Trillion/year
Gov't Spending	=	$3.75 Trillion/year

What's wrong with that picture?

[Bon mots]

But there is the possibility that economists really have no fundamental understanding of things and just guess at stuff.

Regarding the USA's situation, it is very bleak

Look at it from a simple 3rd grade mathematics point of view.

Gov't Debt	=	+$20Trillion
IRS Revenue	=	$2.5Trillion/year
Gov't Spending	=	$3.75 Trillion/year

What's wrong with that picture?

[Bon mots]

But there is the possibility that economists really have no fundamental understanding of things and just guess at stuff.

Not only is the financial picture bleak, but look at the actions of Obama... he has just spent more money than all previous American Presidents who preceded him COMBINED.

This he spent in some effort at stimulating the economy. Right.
All that money and there are still some 3 million fewer jobs than that day in 2008 when he won the election.

They are out of ammunition and the walls are crumbling.

Don't believe the 'unemployment' statistics that the US Government feeds you as they are a lie. They do not count someone as unemployed once they are out of work for more than six months.
So they are counted as employed - even if they still have not found a job.
RIDICULOUS!!!

So you must instead decipher the raw numbers from the Bureau of Labor Statistics. That shows the extent of the disaster.

SOURCE

[BfloGuy]

But there is the possibility that economists really have no fundamental understanding of things and just guess at stuff.

Some economists really have no fundamental understanding of things and just guess at stuff. Some do understand and don't guess. The latter are rarely mentioned in Congress or the media.