Wednesday, July 06, 2011
RECOVERY NOW and THEN
If this doesn't drill home that something is still TERRIBLY WRONG nothing will. If the economy COULD stand on own 2 feet, would the FED STILL hold rates at ZERO%? The language will stay the same, accommodating forever?
Almost 3 years into "recovery" and rates still 0%? 9.1 % OFFICIAL unemployment, claims 4 week avg above 420,000, housing market still a shambles....BUT a rousing historic market bubble, I mean rally continues....how great is that?
AND all the countries that need money printed for them I mean bailouts can get it. Tax a poor mans' fun, liquor upped 3% to 9% now.
Savers, those in or near retirement, cannot get a plug nickle for savings its below even mentioning the yield, that DOES NOT attract money to the banks for investment.
What you are told is always half truths and mostly lies. If a DEAL is struck for debt ceiling, let's all rejoice....DO NOT ask how they did it or even what it all means. Higher taxes a and sit down...CUTS of govt spending? REALLY? REALLY???
And look closely, it will be over 10 years....long after this one term -er is gone. THIS is about getting
re-elected or wanting that. This is to try and appease an electorate half asleep, they wont be paying attention to anything more than the headlines. IF the cuts have a T in it, like TRILLION...it is over 10 years, that's $100B that's a B illion.....per year...WOWEEKAZAMMMMMM won't THAT make a big difference in a deficit climbing above $14.5 TRILLION and remember they can CUT what they want....but the shit is still piling UP!!!! at NORTH of $1T to $1.5 TRILLION per year....
WHY don't they stop crapping around and raise it to like $20 TRILLION, get real? gd save us all...
Duratek
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment