Try as they might, they can’t completely cover up the fact that we are in an economic depression. They are doing an effective job of propping up Wall Street while our 5th Column, the MSM, shouts that Wall Street’s “health” is proof of economic recovery.
But the underlying fundamaentals are horrible and there is no hiding them for long - they keep popping up.
We are in a depression. I think it is telling how bad a depression we are in that the entire might of a nation’s propaganda machine and banking sector can’t completely hide the magnitude and depth.
They will fool less and less people As the depression lingers and deepens. I have no clue when we get out of this thing. I only know that our “service economy” is not the thing to get us out of it. Previous returns to economic health came from real investment, from real production. Now, all they can do is blow another bubble. Without the government being pulled out of the way of the private sector, I don’t know how a real economic recovery is possible.
“They are doing an effective job of propping up Wall Street while our 5th Column, the MSM, shouts that Wall Street’s “health” is proof of economic recovery.”
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I have said for the last two years that Wall Street is nothing more then a scam, controlled by a hand full of criminal fat cats like George Soros.
I know we have one member that is always reporting economic and market and “double dip” news, but it is worthless news,
and the double dip is nothing but one big sinkhole.
One side note, when I see a photo of Obumbo, like the one Sky Pilot posted, I get sick at my stomach.
Obmumbo’s expression reeks with contempt from Hell.
Haven’t you heard? It will be Bush’s fault for at least 6 more years.
Without the government being pulled out of the way of the private sector, I don’t know how a real economic recovery is possible.
Well said. It is enterprise that counters depression, even, or most relevantly, in the psychological sense. That revelation is via the private sector, not government oppression. Wasn't the "great" Soviet Union and Karl Marx lesson enough (or has the new generation forgotten)?
One secret for the US is internal energy sources, fossil, nuclear, renewables. We do have plenty in one form or other, and if government steps aside, enterprise would explode like a new dawn.
I am convinced this is intentionally repressed globally.
Johnny Suntrade
I agree. The way Wall Street operates now, it has nothing to do with the real economy. The MSM is too ignorant to even report on it correctly. I am appalled at the idiots that they switch to on the evening news: “and now from our economic analyst...” which is some journalist that might have read a Time magazine article on economics and now considers him/herself an expert. Wall Street is about commissions, fat salaries, good old boy relationships, personal power, etc.