Wednesday, September 22, 2010

"It's Over!!!"

Remember the children's play "Peter Pan"? One of the final acts was when Peter asked all of the children to think good thoughts so Tinker Belle, the fairy, could be kept alive. It was quite touching to watch the light flicker and then Tinker Belle was revived. A nice story, but a story none the less, a fairy tale for young children. Just believe and it will be so; ah, if life only worked that way wouldn't it be great?

I opened my daily newspaper yesterday to some joyous news "Panel Concludes Recession Ended June 2009, Was Longest Since WWII"! I'll have to admit I was really surprised; how did I miss this? Perhaps someone was removing portions of my "want ads" and hundreds of new jobs were being kept a secret. I know: Glenn Beck has his minions sneaking into press rooms all across America secretly editing the employment section of our nation's newspapers. The Bureau of Economic Research, from Cambridge, Massachusetts, declared the recession over and it ended 15 months ago! Oddly enough, I failed to see any sign of financial recovery in America. Home foreclosures are a historical high, lenders are reticent to loan on new business ventures and unemployment is still at record levels across the United States. In Illinois, unemployment is at 10.6%, Nevada is at 14.2%, Michigan is at 13.1%, California is at 12.2%, Puerto Rico is at 16.6%; I could go on endlessly with very disturbing job statistics. Believe me, this is only a short list of the states that are continuing to suffer in our "non-recession". Our Gross Domestic Product is at 1978 levels; I'm sure we all remember that time of "economic boom"! Unemployment has risen in 27 states last month, worse than the previous month by 14 states! America is still at a national unemployment average of 9.6% and 14.9 million people still in the search for gainful employment! I don't know what those "economists" are smoking, but I think they are trying to legalize it in California!

We are sitting on debts in excess of 14 TRILLION DOLLARS over the next twenty years; the highest debt in the history of the United States. There are several states who are looking at default financially, a crisis of monumental proportion to millions of people. Communist China holds a huge amount of our debt; does this not give us reason to have serious concern about our financial stability? Sweden, of all nations, is saying we are on the wrong path economically!

Yesterday, Lawrence Summers, an Obama economic advisor, became the latest in a series of the President's financial "gurus" to tender his resignation. Is he another casualty of Obamanomics, maybe? It's time to take off those "rose colored glasses" when we look at the financial policies of Barack Obama.

We cannot "wish" this recession away with "GOOD THOUGHTS"! America, don't be this easily fooled; we are in real trouble and Obama hasn't made it any better. Ask yourself this question: are you any better off today than you were a year ago, and is America any better off as a nation? Don't wear those rose colored glasses!

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