Of course President Obama and the MSM are going to say that "the economy is recovering and doing well".
It's all part of the big lie, kind of like Donald Trump saying "I'm worth way more than Forbes says" while refusing to say how much, or where it's
The Government and the markets are banking (literally) on the fact that the average person really isn't paying attention to what is going on. The
market rally is a completely false rally, based on market manipulation by the Federal Reserve and the US Treasury. If the real value of the US dollar
was realized, it would be worth a lot less than it is right now.
People have to look at the amount of money that the Fed are just printing off, completely unbacked, as part of their "quantitative easing" programs,
makes me laugh that they are calling these "economic easing programs" when they should be called "economic crisis delay programs". If a household
does this sort of spending with unbacked borrowing, sooner or later (usually sooner rather than later) they pay the price, and it's the same for
The USA is like the rich neighbor who has a massive five bedroom house, two SUVs, a boat, a snowmobile or two and four kids in private schools. They
have all the toys, with the lifestyle to match, and pretend that everything is fine. Meanwhile, they're in debt in tune of hundreds of thousands or
in many cases over a million dollars, and completely ignoring that fact because "everything is fine".
In the case of the USA, they are heavily spending on all the "toys" that they can't afford, while completely ignoring the fact that they are trillions
of dollars in debt. In case you haven't noticed, not a SINGLE person in Washington is talking about DEBT reduction, they're all talking about "how
can we reduce the amount that we're adding to the debt each year".
Fiscal responsibility 101 - any financial adviser will tell you the first rule of financial responsibility is to quit spending beyond your means and
eliminate debt completely, before any additional spending takes place. Rule 1? Cut up the credit cards, immediately. When you're trying to get back
under fiscal control, the first lesson is that you have to make hard choices of (a) cutting things that you don't want to like cable tv and (b)
raising income by getting a second job or working overtime.
Governments have to realize that for (a) it might mean unpopular cuts like defense spending and getting rid of or drastically cutting entitlement
programs like medicaid, medicare, social security and for (b) raising revenue means higher taxes, for EVERYONE, or new taxes like a national sales
Neither option are popular with anyone, but both options are completely necessary. The sooner the USA figures this out, the better off they'll
edit on 26-4-2011 by babybunnies because: (no reason given)