Posted on 05/26/2011 10:25:34 AM PDT by george76
If you listen to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you didn't know any better, you might be tempted to think that the economic crisis is long gone and that we are in the midst of a burgeoning economic recovery. Unfortunately, the truth is that the economic crisis is far from over.
In 2010, more homes were repossessed than ever before, more Americans were on food stamps than ever before and a smaller percentage of American men had jobs than ever before. The reality is that the United States is an economic basket case and all of these natural disasters certainly are not helping things. The Federal Reserve has been printing gigantic piles of money and the U.S. government has been borrowing and spending cash at a dizzying pace in an all-out effort to stabilize things. They have succeeded for the moment, but our long-term economic problems are worse then ever. We are still in the middle of a full-blown economic crisis and things are about to get even worse.
If you know someone that is foolish enough to believe that the economic crisis is over and that our economic problems are behind us, just ask that person the following questions....
(Excerpt) Read more at zerohedge.com ...
Recovery Summer II!
/sarc
Not raising the debt ceiling will cause a default and the bond rating will achieve junk status. It’s merely a bargaining tool to get the curs we want (and will get eventually).
Not raising the debt ceiling will cause a default and the bond rating will achieve junk status. It’s merely a bargaining tool to get the cuts we want (and will get eventually).
You already have the curs you voted for.
Most folks can't refinance their adjustable mortgages because housing values have fallen too much.
We are in for it folks. Time to get out of debt if you possibly can. We are going back to the 30s.
for later view
What is a “cur?”
It took decades to destroy the worlds most robust economy. It will take decades to rebuild it. None of this will happen if the leaders of this nation pour all of our resources into sustaining the broken ponzi economy that they milked during our decline. Strategic long term thinking (like China) that places national objectives above Wall St. pocketing 400% profit vs 200% profit is a starting point. Those who have reaped the benefits of economically strip mining our economy have no desire to do anything but business as usual, so it is up to the public to rotate in fresh people who will at least attempt to start fixing things.
another term for “dog”
If you know someone that is foolish enough to believe that the economic crisis is over you know a progressive,a liberal and an idiot and Obama.
Nicely said, Job one is employment and an easy first attempt at creating jobs is stopping illegal immigration. I mean this is a no brainer!
Let me guess, you work for the government right?
Let me guess, you work for the media right?
It will expand Obama's 2012 Presidential Campaign Fund by $1.5T.
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