Posted on 02/26/2010 5:51:02 AM PST by arthurus
A number of economic reports in the last few days indicate that the U.S. economy has not only not failed to recover from the recession, but continues to fall deeper into a hole. Banking, consumer confidence, employment numbers, durable goods and the housing industry - each representing a different aspect of the economy - are all sending out troubling signs. Despite the onslaught of negative data, mainstream economists continue to echo the official U.S. government view that "the recovery is still on track."
Updated statistics from the FDIC indicate that there were 702 banks on the troubled list at the end of 2009. This is an increase of 27% from the third quarter.
(Excerpt) Read more at seekingalpha.com ...
Butcher the language much?
But we WILL have Health Care...this will fix it.
No excrement Sherlock!
Lasseiz-faire. Is the simple answer.
Please note: Banks started failing at breakneck speed in November, 2009. ;)
Really? And all this time I thought I was slipping into insanity... who would have thought that the liberal propagandists in the state-run media were just blowing smoke for Zero. /s
I wish the past election and year were an illusion and we would wake up to normality. As long as the sheeple think we are recovering that’s all that matters to the libs. They don’t want recovery. That would spoil their chances for government rule.
The belief in this so-called recovery was based almost entirely on the recovery of the stock market, as well as wishful thinking and deliberate deception (lying) by the government and their news media enablers.
Once unemployment really turns around, and I don't mean by manipulating the numbers, then we can talk about a recovery. In the mean time, for the one out of ten Americans who are out of work, remember, job hunting is a full time job.
“consumers are losing confidence in the economy. The Conference Board numbers for February fell a whopping 10.5 points to 46 (around 100 is a good number). The present situation subindex fell to 19.4, the lowest level since February 1983 when the U.S. was trying to recover from a severe double dip recession.”
I know my consumer confidence is damned low.
If you haven’t seen this, it is horrifying to watch. From Neal’s Nuze.
Be sure to hit the “Play” button. Watch the progression of unemployment across the country from January of 2007 until December of 2009. It looks like a cancer progressing through the country.
Now ... after you’ve looked at this unemployment graphic you can ask yourself why Obama and the Democrats are much much more dedicated to seizing control of our health care than they are taking some viable steps to get people back to work in the private sector again.
http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html
And the Kenyan Chief borrows and spends more.... either blind or a willing enemy.
Even the 19 percent, black, hard core Obamunuts must be in shock at how fast he’s taking us down the hole.
My consumer confidence is gone and fear has replaced it.
Ya think?
“400,000 almost immediately”
Yeah Government insurance enforcers...
After the 400,000 jobs then what? We need that many jobs a month for a number of years to get back to where we were in 2007.
An illusion? It was a total fabrication driven by the media to prop up their golden child in the White House.
For example: "The Enumerated Powers Act is a proposed bill in the United States House of Representatives which requires legislation passed by Congress cite those provisions of the Constitution that give them the power to pass such legislation."
Look familiar Grammar Nazi?
The disconnect is happening because some actually believe the propaganda being released by the government.
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